Electronic Arts Inc. (NASDAQ:EA) Given Consensus Rating of "Moderate Buy" by Analysts

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-five research firms that are presently covering the company, MarketBeat reports. Fourteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $162.71.

Several research firms recently weighed in on EA. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. TD Cowen boosted their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Argus set a $170.00 price target on shares of Electronic Arts in a report on Friday, May 16th. Finally, Wedbush upgraded shares of Electronic Arts to a "strong-buy" rating in a report on Tuesday, July 1st.

Electronic Arts Trading Up 0.2%

NASDAQ:EA opened at $150.11 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $37.72 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.04 and a beta of 0.73. The firm has a fifty day simple moving average of $150.60 and a two-hundred day simple moving average of $142.55. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts's payout ratio is 17.92%.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $151.32, for a total transaction of $151,320.00. Following the completion of the transaction, the chief financial officer directly owned 14,533 shares of the company's stock, valued at $2,199,133.56. This represents a 6.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total value of $222,480.00. Following the transaction, the executive vice president directly owned 28,448 shares of the company's stock, valued at approximately $4,219,407.36. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,729 shares of company stock valued at $4,788,684. Insiders own 0.24% of the company's stock.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock worth $4,198,607,000 after purchasing an additional 150,438 shares during the last quarter. Capital International Investors increased its position 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 purchasing an additional 605,796 shares during the last quarter. Geode Capital Management LLC increased 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 worth $978,650,000 after purchasing an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Electronic Arts by 6.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after purchasing an additional 270,991 shares during the last quarter. Finally, Ninety One UK Ltd increased its position in shares of Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company's stock worth $695,645,000 after purchasing an additional 193,442 shares during the last quarter. 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.

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