Brokerages Set Electronic Arts Inc. (NASDAQ:EA) Target Price at $165.37

Shares of Electronic Arts Inc. (NASDAQ:EA) have been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $165.37.

Several research firms have commented on EA. BMO Capital Markets reiterated an “outperform” rating and set a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research report on Friday, October 25th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th.

Electronic Arts Stock Down 1.7 %

EA stock opened at $161.36 on Wednesday. Electronic Arts has a 52 week low of $124.92 and a 52 week high of $164.42. The firm has a 50 day moving average of $147.17 and a 200 day moving average of $142.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $42.32 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total value of $223,980.00. Following the sale, the executive vice president now owns 27,860 shares of the company’s stock, valued at $4,160,055.20. The trade was a 5.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,144 shares of company stock valued at $3,886,282. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the third quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter valued at approximately $28,000. Family Firm Inc. purchased a new stake in Electronic Arts in the 2nd quarter valued at about $33,000. New Covenant Trust Company N.A. purchased a new stake in shares of Electronic Arts during the first quarter worth approximately $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at $36,000. 90.23% of the stock is currently owned by institutional investors.

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.