Electronic Arts Inc. (NASDAQ:EA) Receives $162.80 Consensus Price Target from Brokerages

Shares of Electronic Arts Inc. (NASDAQ:EA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-six ratings firms that are covering the stock, MarketBeat reports. Fourteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $162.80.

A number of research analysts have recently commented on the company. Roth Capital upgraded Electronic Arts from a "neutral" rating to a "buy" rating and upped their price target for the stock from $175.00 to $185.00 in a report on Tuesday. Benchmark upped their price target on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Oppenheimer upped their target price on Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Hsbc Global Res upgraded Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, Citigroup restated a "neutral" rating and issued a $153.00 target price (up from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th.

Electronic Arts Stock Up 0.0%

Shares of EA traded up $0.01 during mid-day trading on Thursday, reaching $157.74. 2,316,534 shares of the stock traded hands, compared to its average volume of 2,798,606. The firm has a market cap of $39.64 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 2.14 and a beta of 0.71. The stock has a fifty day simple moving average of $149.40 and a 200 day simple moving average of $142.35. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.23.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. Electronic Arts's payout ratio is 17.92%.

Insider Buying and Selling at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the sale, the insider now directly owns 40,189 shares of the company's stock, valued at $6,252,202.73. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the sale, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,229 shares of company stock worth $4,371,399 over the last 90 days. Corporate insiders own 0.22% of the company's stock.

Institutional Trading of Electronic Arts

Several large investors have recently modified their holdings of the business. Nomura Holdings Inc. boosted its position in Electronic Arts by 11.7% during the 4th quarter. Nomura Holdings Inc. now owns 31,208 shares of the game software company's stock valued at $4,566,000 after acquiring an additional 3,259 shares in the last quarter. Huntington National Bank boosted its position in Electronic Arts by 31.4% during the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock valued at $49,577,000 after acquiring an additional 80,968 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after acquiring an additional 36,153 shares in the last quarter. Amundi boosted its position in Electronic Arts by 4.3% during the 4th quarter. Amundi now owns 2,990,729 shares of the game software company's stock valued at $431,315,000 after acquiring an additional 122,494 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Electronic Arts by 11,587.9% during the 1st quarter. GAMMA Investing LLC now owns 669,367 shares of the game software company's stock valued at $96,737,000 after acquiring an additional 663,640 shares in the last quarter. 90.23% of the stock is 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.