Electronic Arts Inc. (NASDAQ:EA) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Electronic Arts Inc. has received a consensus recommendation of "Hold" from analysts, with one sell, twenty-five holds, four buys, and one strong buy.
• Insiders have sold a total of 41,000 shares worth approximately $7.25 million over the past 90 days, indicating reduced confidence among company executives.
• The stock currently has a market capitalization of $50.21 billion, with a price-to-earnings ratio of 50.30 and a fifty-two week price range between $115.21 and $203.75.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) has earned a consensus recommendation of "Hold" from the thirty-one analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twenty-five have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $177.00.

Several research firms have recently weighed in on EA. TD Cowen cut shares of Electronic Arts from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Citigroup reiterated a "neutral" rating on shares of Electronic Arts in a research report on Friday, September 26th. UBS Group set a $210.00 target price on shares of Electronic Arts and gave the stock a "neutral" rating in a research report on Tuesday. Arete upgraded shares of Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 target price on the stock in a research report on Tuesday, August 5th. Finally, DA Davidson lifted their target price on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total value of $504,475.00. Following the sale, the insider owned 53,092 shares of the company's stock, valued at $10,713,434.68. This trade represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $203.40, for a total transaction of $244,080.00. Following the completion of the sale, the insider directly owned 33,531 shares in the company, valued at approximately $6,820,205.40. This trade represents a 3.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,000 shares of company stock worth $7,247,635. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC boosted its stake in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock valued at $26,000 after purchasing an additional 68 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock valued at $323,000 after purchasing an additional 72 shares in the last quarter. Bank of Jackson Hole Trust boosted its stake in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock worth $30,000 after acquiring an additional 75 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in Electronic Arts by 13.6% during the second quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company's stock worth $102,000 after acquiring an additional 76 shares in the last quarter. Finally, STF Management LP boosted its stake in Electronic Arts by 2.0% during the second quarter. STF Management LP now owns 3,944 shares of the game software company's stock worth $630,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Performance

Electronic Arts stock opened at $200.69 on Friday. The firm's fifty day moving average price is $172.45 and its 200-day moving average price is $156.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $50.21 billion, a P/E ratio of 50.30, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $203.75.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts's dividend payout ratio (DPR) is presently 19.05%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.