Analysts Set Electronic Arts Inc. (NASDAQ:EA) PT at $161.94

Electronic Arts Inc. (NASDAQ:EA) has earned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $161.94.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. BMO Capital Markets reiterated an “outperform” rating and set a $154.00 price objective on shares of Electronic Arts in a research note on Tuesday, July 30th. Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Roth Mkm reiterated a “neutral” rating and set a $154.00 price objective on shares of Electronic Arts in a research note on Thursday, September 19th. Finally, StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares of the company’s stock, valued at $4,579,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the transaction, the insider now owns 30,190 shares of the company’s stock, valued at $4,579,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. The disclosure for this sale can be found here. Insiders sold 26,270 shares of company stock worth $3,863,325 over the last three months. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Electronic Arts by 16,966.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 204,457 shares of the game software company’s stock worth $28,487,000 after purchasing an additional 203,259 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Electronic Arts during the second quarter worth about $749,000. Ariadne Wealth Management LP purchased a new stake in shares of Electronic Arts during the second quarter worth about $506,000. Advisory Alpha LLC increased its stake in shares of Electronic Arts by 41.6% during the second quarter. Advisory Alpha LLC now owns 3,169 shares of the game software company’s stock worth $442,000 after purchasing an additional 931 shares in the last quarter. Finally, Old North State Trust LLC grew its stake in Electronic Arts by 11.2% during the 2nd quarter. Old North State Trust LLC now owns 1,679 shares of the game software company’s stock valued at $234,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

NASDAQ EA opened at $143.44 on Tuesday. The firm’s fifty day simple moving average is $145.90 and its two-hundred day simple moving average is $138.02. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $118.60 and a 12-month high of $153.51. The firm has a market capitalization of $38.12 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.91 and a beta of 0.79.

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

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts’s dividend payout ratio is presently 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.