Electronic Arts Inc. (NASDAQ:EA) Receives $161.88 Consensus Price Target from Analysts

Shares of Electronic Arts Inc. (NASDAQ:EA - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-six brokerages that are currently covering the stock, MarketBeat reports. Fifteen analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $161.88.

Several brokerages have recently commented on EA. BMO Capital Markets reduced their target price on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. UBS Group boosted their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. DA Davidson assumed coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price objective for the company. TD Cowen boosted their target price on Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th.

Electronic Arts Price Performance

Shares of Electronic Arts stock traded up $0.38 during midday trading on Friday, hitting $143.22. 5,544,453 shares of the company were exchanged, compared to its average volume of 2,739,520. The firm has a 50 day simple moving average of $145.65 and a 200-day simple moving average of $144.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $35.91 billion, a P/E ratio of 36.44, a PEG ratio of 3.58 and a beta of 0.74. Electronic Arts has a 52 week low of $115.21 and a 52 week high of $168.50.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total value of $218,475.00. Following the completion of the transaction, the executive vice president now directly owns 19,033 shares of the company's stock, valued at approximately $2,772,156.45. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,666 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $150.93, for a total value of $402,379.38. Following the completion of the sale, the chief executive officer now owns 67,393 shares of the company's stock, valued at $10,171,625.49. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,729 shares of company stock worth $4,107,664 in the last three months. Insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently modified their holdings of EA. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after purchasing an additional 150,438 shares in the last quarter. Capital International Investors lifted its stake in Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock valued at $1,778,553,000 after acquiring an additional 605,796 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 acquiring an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 acquiring an additional 270,991 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock valued at $570,233,000 after purchasing an additional 88,767 shares during the last quarter. 90.23% of the stock is currently 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.