Electronic Arts Inc. (NASDAQ:EA) Receives $147.00 Consensus Price Target from Analysts

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $147.00.

EA has been the subject of a number of research reports. Robert W. Baird reduced their price objective on Electronic Arts from $160.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, May 8th. BMO Capital Markets decreased their price target on shares of Electronic Arts from $160.00 to $154.00 and set an "outperform" rating for the company in a research note on Thursday, May 9th. Wedbush reaffirmed an "outperform" rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 8th. Benchmark reissued a "buy" rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, Oppenheimer restated an "outperform" rating and issued a $150.00 target price on shares of Electronic Arts in a report on Tuesday, April 23rd.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the transaction, the insider now owns 26,283 shares of the company's stock, valued at approximately $3,328,479.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the transaction, the chief executive officer now owns 28,430 shares in the company, valued at approximately $4,048,147.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,772 shares of company stock valued at $4,193,979. Corporate insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Electronic Arts by 14.7% during 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 period. Capital International Investors increased its position in shares of Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company's stock valued at $782,920,000 after buying an additional 833,492 shares during the period. Invesco Ltd. raised its stake in Electronic Arts by 7.8% in the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company's stock worth $500,449,000 after buying an additional 301,194 shares in the last quarter. FIL Ltd lifted its holdings in Electronic Arts by 4.4% in the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company's stock worth $469,011,000 after buying an additional 145,466 shares during the period. Finally, Morgan Stanley lifted its holdings in Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company's stock worth $408,084,000 after buying an additional 389,063 shares during the period. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Trading Up 4.9 %

NASDAQ EA traded up $6.29 during trading hours on Wednesday, hitting $135.14. 5,366,169 shares of the company's stock were exchanged, compared to its average volume of 2,075,503. The firm has a market cap of $36.13 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.04 and a beta of 0.78. The stock has a 50-day simple moving average of $129.57 and a 200 day simple moving average of $134.67. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, May 29th. Electronic Arts's dividend payout ratio is presently 16.24%.

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.