Electronic Arts (NASDAQ:EA) Sets New 52-Week High - What's Next?

Key Points

• Electronic Arts' stock reached a new 52-week high of $197.33, closing at $192.52 with a trading volume of over 4.78 million shares.
• Analysts have set varying price targets with Wedbush offering the highest at $210.00, while the consensus price target stands at $167.40.
• The company declared a quarterly dividend of $0.19 per share, representing a 0.4% yield and a payout ratio of 19.05%.

Electronic Arts Inc. (NASDAQ:EA - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $197.33 and last traded at $192.52, with a volume of 4780250 shares. The stock had previously closed at $168.32.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company set a $168.00 price objective on Electronic Arts and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Arete Research set a $192.00 price objective on Electronic Arts in a research note on Tuesday, August 5th. DA Davidson boosted their price objective on Electronic Arts from $150.00 to $160.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Bank of America upped their price target on Electronic Arts from $166.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Wedbush restated an "outperform" rating and issued a $210.00 price target on shares of Electronic Arts in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.40.

Electronic Arts Stock Up 14.9%

The stock has a market capitalization of $48.38 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 2.54 and a beta of 0.75. The business has a fifty day moving average of $166.81 and a 200 day moving average of $154.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were paid a dividend of $0.19 per share. 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 is 19.05%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the transaction, the executive vice president directly owned 28,448 shares in the company, valued at $4,219,407.36. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.49, for a total value of $388,725.00. Following the completion of the sale, the insider owned 58,092 shares in the company, valued at approximately $9,032,725.08. The trade was a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,800 shares of company stock valued at $5,077,960 over the last three months. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently bought and sold shares of the business. Salomon & Ludwin LLC increased its holdings in Electronic Arts by 70.1% in the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock valued at $26,000 after buying an additional 68 shares during the last quarter. MTM Investment Management LLC acquired a new stake in shares of Electronic Arts during the second quarter worth about $30,000. Frazier Financial Advisors LLC boosted its stake in shares of Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company's stock worth $31,000 after buying an additional 148 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the first quarter worth about $28,000. Finally, NewSquare Capital LLC boosted its stake in shares of Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company's stock worth $31,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors 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.

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