Analysts Set Electronic Arts Inc. (NASDAQ:EA) PT at $154.22

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) has been given a consensus rating of "Hold" by the twenty-six research firms that are covering the stock, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $161.83.

Several research analysts recently commented on the company. Citigroup dropped their price target on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Wedbush lifted their target price on Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a report on Wednesday. BMO Capital Markets decreased their price target on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. DA Davidson began coverage on shares of Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective for the company. Finally, Moffett Nathanson reissued a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday.

Electronic Arts Price Performance

Electronic Arts stock traded down $2.36 during midday trading on Wednesday, reaching $153.30. 2,921,660 shares of the stock traded hands, compared to its average volume of 2,700,804. The stock has a market cap of $39.95 billion, a P/E ratio of 39.01, a PEG ratio of 3.58 and a beta of 0.74. The stock's fifty day moving average is $143.36 and its 200-day moving average is $144.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities research analysts anticipate that Electronic Arts will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts's dividend payout ratio is presently 19.34%.

Insider Buying and Selling

In related news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares in the company, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the completion of the sale, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,118,120 in the last ninety days. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Electronic Arts by 0.5% during the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock worth $4,198,607,000 after buying an additional 150,438 shares in the last quarter. Capital International Investors boosted its stake in shares of Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after acquiring an additional 605,796 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Electronic Arts by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after acquiring an additional 30,929 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Electronic Arts by 6.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock valued at $648,169,000 after purchasing an additional 270,991 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Electronic Arts by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock worth $476,540,000 after purchasing an additional 360,563 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

About Electronic Arts

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.