Electronic Arts' (EA) Outperform Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Electronic Arts (NASDAQ:EA - Free Report) in a report published on Tuesday,Benzinga reports. Wedbush currently has a $210.00 target price on the game software company's stock.

Several other analysts also recently issued reports on the stock. Citigroup reissued a "neutral" rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a research note on Thursday, May 29th. Oppenheimer lifted their price objective on shares of Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Moffett Nathanson reissued a "neutral" rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, May 7th. UBS Group lifted their price target on shares of Electronic Arts from $152.00 to $167.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley lifted their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Fourteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Electronic Arts has an average rating of "Moderate Buy" and a consensus target price of $162.71.

Electronic Arts Trading Down 0.4%

Shares of NASDAQ:EA traded down $0.68 during trading on Tuesday, reaching $151.96. The company's stock had a trading volume of 531,217 shares, compared to its average volume of 3,495,086. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The firm's 50 day simple moving average is $151.03 and its two-hundred day simple moving average is $142.83. The stock has a market capitalization of $38.18 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, May 28th. Electronic Arts's dividend payout ratio is presently 17.92%.

Insider Buying and Selling

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $151.32, for a total transaction of $151,320.00. Following the transaction, the chief financial officer directly owned 14,533 shares of the company's stock, valued at approximately $2,199,133.56. This trade represents a 6.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $152.21, for a total transaction of $761,050.00. Following the completion of the sale, the chief executive officer directly owned 57,393 shares in the company, valued at approximately $8,735,788.53. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,729 shares of company stock worth $4,822,884. Corporate insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently modified their holdings of the company. Putney Financial Group LLC purchased a new stake in Electronic Arts during the fourth quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts during the first quarter worth approximately $28,000. Bank of Jackson Hole Trust grew 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 buying an additional 75 shares during the period. LGT Financial Advisors LLC purchased a new stake in Electronic Arts during the fourth quarter worth approximately $33,000. Finally, ORG Partners LLC lifted its position in shares of Electronic Arts by 47.6% during the second quarter. ORG Partners LLC now owns 251 shares of the game software company's stock worth $40,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

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.