Electronic Arts Inc. (NASDAQ:EA) Receives $161.94 Average Price Target from Brokerages

Shares of Electronic Arts Inc. (NASDAQ:EA) have earned an average rating of “Moderate Buy” from the twenty analysts that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $161.94.

A number of research analysts have weighed in on the company. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. Morgan Stanley restated an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th. Oppenheimer upped their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Bank of America raised their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Roth Mkm reissued a “neutral” rating and issued a $154.00 target price on shares of Electronic Arts in a report on Thursday, September 19th.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the transaction, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $142.42, for a total transaction of $356,050.00. Following the completion of the sale, the chief executive officer now directly owns 59,247 shares of the company’s stock, valued at $8,437,957.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the sale, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at approximately $3,597,739.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,770 shares of company stock worth $3,643,785. 0.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently bought and sold shares of EA. Cullen Frost Bankers Inc. raised its stake in shares of Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after purchasing an additional 79 shares during the period. Grove Bank & Trust grew its position in shares of Electronic Arts by 23.5% in the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after buying an additional 94 shares during the period. CWM LLC grew its stake in shares of Electronic Arts by 1.5% in the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after buying an additional 95 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after purchasing an additional 97 shares in the last quarter. Finally, Claro Advisors LLC increased its holdings in shares of Electronic Arts by 5.6% in the 1st quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock worth $250,000 after purchasing an additional 100 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Up 0.9 %

Electronic Arts stock opened at $145.71 on Friday. The stock has a market capitalization of $38.72 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts has a twelve month low of $119.92 and a twelve month high of $153.51. The company has a 50 day moving average of $145.17 and a 200-day moving average of $139.11.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, equities research analysts anticipate that Electronic Arts will post 5.93 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were paid a $0.19 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.52%. Electronic Arts’s payout ratio is 16.24%.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.