Electronic Arts' (EA) "Neutral" Rating Reaffirmed at Moffett Nathanson

Moffett Nathanson reissued their neutral rating on shares of Electronic Arts (NASDAQ:EA - Free Report) in a research note released on Wednesday morning, Marketbeat reports. The brokerage currently has a $163.00 price objective on the game software company's stock.

Other analysts also recently issued research reports about the company. Morgan Stanley raised their price target on Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a report on Wednesday. Stifel Nicolaus cut their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. BMO Capital Markets lowered their price target on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Benchmark lifted their price objective on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Finally, BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $161.83.

Electronic Arts Stock Performance

EA stock traded down $2.36 during trading on Wednesday, hitting $153.30. 2,921,660 shares of the company's stock traded hands, compared to its average volume of 2,700,805. The stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 39.01, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $143.36 and a two-hundred day moving average price of $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 (NASDAQ:EA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, equities analysts anticipate that Electronic Arts will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the sale, the insider now owns 40,189 shares in the company, valued at $6,252,202.73. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now directly owns 37,615 shares of the company's stock, valued at $4,895,216.10. This represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,000 shares of company stock worth $3,118,120. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Financial Management Professionals Inc. grew its stake in Electronic Arts by 15.0% during the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company's stock valued at $81,000 after acquiring an additional 73 shares in the last quarter. Claro Advisors LLC grew its position in Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock valued at $334,000 after purchasing an additional 75 shares in the last quarter. Bank of Jackson Hole Trust increased its stake in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after buying an additional 75 shares during the period. Whipplewood Advisors LLC lifted its position in Electronic Arts by 34.2% in the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company's stock worth $43,000 after buying an additional 76 shares in the last quarter. Finally, Clarius Group LLC boosted its stake in shares of Electronic Arts by 3.6% during the 1st quarter. Clarius Group LLC now owns 2,204 shares of the game software company's stock valued at $319,000 after buying an additional 77 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

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.