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Electronic Arts (NASDAQ:EA) Price Target Raised to $163.00

Electronic Arts logo with Consumer Discretionary background

Electronic Arts (NASDAQ:EA - Free Report) had its target price hoisted by Stifel Nicolaus from $150.00 to $163.00 in a research report report published on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the game software company's stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird lowered their price target on Electronic Arts from $160.00 to $150.00 and set an outperform rating for the company in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Electronic Arts from $153.00 to $150.00 and set a hold rating on the stock in a research report on Thursday, May 9th. StockNews.com downgraded Electronic Arts from a buy rating to a hold rating in a report on Tuesday, June 18th. Roth Mkm dropped their target price on shares of Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a report on Wednesday, May 1st. Finally, BMO Capital Markets reduced their price target on shares of Electronic Arts from $160.00 to $154.00 and set an outperform rating for the company in a report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Electronic Arts currently has an average rating of Moderate Buy and a consensus price target of $147.50.


View Our Latest Stock Analysis on Electronic Arts

Electronic Arts Trading Up 1.6 %

Shares of NASDAQ:EA traded up $2.17 during trading on Monday, hitting $141.23. The company had a trading volume of 2,157,330 shares, compared to its average volume of 2,147,431. The stock has a market cap of $37.53 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. The company has a fifty day simple moving average of $131.34 and a two-hundred day simple moving average of $134.80. Electronic Arts has a one year low of $117.47 and a one year high of $144.53.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. As a group, equities analysts forecast that Electronic Arts will post 5.7 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.54%. Electronic Arts's dividend payout ratio is presently 16.24%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the company's stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $132.88, for a total transaction of $106,304.00. Following the completion of the transaction, the insider now directly owns 39,374 shares of the company's stock, valued at approximately $5,232,017.12. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total value of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares of the company's stock, valued at $2,980,061.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the transaction, the insider now directly owns 39,374 shares of the company's stock, valued at $5,232,017.12. The disclosure for this sale can be found here. Insiders have sold a total of 21,039 shares of company stock valued at $2,763,319 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company's stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company's stock worth $333,169,000 after acquiring an additional 2,090,504 shares during the period. Norges Bank acquired a new stake in Electronic Arts during the fourth quarter worth $281,054,000. Swedbank AB purchased a new stake in Electronic Arts in the first quarter valued at $201,935,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Electronic Arts in the first quarter valued at $189,055,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Company Profile

(Get Free Report)

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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