Shares of Electronic Arts Inc. (NASDAQ:EA – Get Free Report) have received an average recommendation of “Hold” from the twenty analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $196.6429.
EA has been the topic of a number of recent research reports. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Citigroup raised their price objective on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th.
Get Our Latest Stock Analysis on Electronic Arts
Electronic Arts Trading Up 0.1%
Electronic Arts Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 21.78%.
Insider Buying and Selling at Electronic Arts
In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.81, for a total value of $240,972.00. Following the transaction, the insider directly owned 27,560 shares of the company’s stock, valued at $5,534,323.60. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the transaction, the insider directly owned 45,843 shares in the company, valued at $9,166,307.85. This trade represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 28,340 shares of company stock valued at $5,702,736 over the last three months. 0.24% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in shares of Electronic Arts by 35.4% during the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock valued at $78,859,000 after acquiring an additional 102,248 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Electronic Arts during the third quarter valued at about $1,025,000. OPTIMAS CAPITAL Ltd acquired a new stake in shares of Electronic Arts during the third quarter valued at about $1,815,000. Greenland Capital Management LP acquired a new stake in shares of Electronic Arts during the third quarter valued at about $5,569,000. Finally, Swiss Life Asset Management Ltd grew its stake in shares of Electronic Arts by 75.8% during the third quarter. Swiss Life Asset Management Ltd now owns 85,245 shares of the game software company’s stock valued at $17,194,000 after acquiring an additional 36,769 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.
About Electronic Arts
Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.
EA’s product lineup spans several well-known franchises and genres.
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