Robert W. Baird Lowers Electronic Arts (NASDAQ:EA) Price Target to $150.00

Electronic Arts (NASDAQ:EA - Free Report) had its price objective decreased by Robert W. Baird from $160.00 to $150.00 in a report released on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the game software company's stock.

Other equities research analysts also recently issued reports about the stock. Roth Mkm decreased their price target on shares of Electronic Arts from $140.00 to $135.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. Benchmark reaffirmed a buy rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Stifel Nicolaus raised their price objective on Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a research note on Thursday, January 18th. Oppenheimer reaffirmed an outperform rating and set a $150.00 target price on shares of Electronic Arts in a research report on Tuesday, April 23rd. Finally, UBS Group lowered their price target on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating on the stock in a report on Wednesday, March 27th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $146.94.

Electronic Arts Price Performance

Shares of EA traded down $5.00 during mid-day trading on Wednesday, reaching $125.24. The company had a trading volume of 4,225,569 shares, compared to its average volume of 2,013,652. The company's 50 day simple moving average is $131.56 and its 200 day simple moving average is $134.52. The company has a market capitalization of $33.48 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 1.73 and a beta of 0.78. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.61%. Electronic Arts's dividend payout ratio is presently 19.14%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 800 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total value of $101,312.00. Following the completion of the transaction, the insider now directly owns 26,283 shares of the company's stock, valued at $3,328,479.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Laura Miele sold 2,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total value of $256,300.00. Following the transaction, the chief operating officer now directly owns 32,772 shares in the company, valued at approximately $4,199,731.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,272 shares of company stock worth $4,420,459. Corporate insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company's stock valued at $3,086,621,000 after buying an additional 3,600,388 shares during the period. Norges Bank acquired a new stake in Electronic Arts in the 4th quarter worth approximately $281,054,000. DNB Asset Management AS boosted its position in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company's stock worth $322,494,000 after purchasing an additional 1,064,022 shares during the period. Schroder Investment Management Group grew its holdings in Electronic Arts by 350.6% during the fourth quarter. Schroder Investment Management Group now owns 752,026 shares of the game software company's stock valued at $102,885,000 after purchasing an additional 585,123 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Electronic Arts by 480.5% in the third quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company's stock valued at $60,113,000 after purchasing an additional 413,276 shares during the period. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

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.