Electronic Arts (NASDAQ:EA) Price Target Lowered to $154.00 at BMO Capital Markets

Electronic Arts (NASDAQ:EA - Free Report) had its target price cut by BMO Capital Markets from $160.00 to $154.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the game software company's stock.

A number of other research analysts have also weighed in on EA. Benchmark reissued a buy rating and set a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Electronic Arts from $153.00 to $150.00 and set a hold rating on the stock in a report on Thursday. Stifel Nicolaus boosted their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a report on Thursday, January 18th. Robert W. Baird decreased their target price on Electronic Arts from $160.00 to $150.00 and set an outperform rating on the stock in a report on Wednesday. Finally, Roth Mkm decreased their target price on Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a report on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $146.61.

Electronic Arts Stock Up 1.5 %

Shares of Electronic Arts stock traded up $1.88 on Thursday, reaching $127.12. 3,186,299 shares of the company were exchanged, compared to its average volume of 2,025,852. Electronic Arts has a one year low of $117.47 and a one year high of $144.53. The company has a market capitalization of $33.99 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.73 and a beta of 0.78. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $131.27 and a 200 day moving average of $134.45.

Electronic Arts Dividend Announcement

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 given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. Electronic Arts's dividend payout ratio is currently 19.14%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the transaction, the insider now directly owns 27,883 shares in the company, valued at $3,877,967.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the transaction, the insider now directly owns 27,883 shares in the company, valued at $3,877,967.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the transaction, the insider now owns 20,258 shares of the company's stock, valued at $2,901,755.92. The disclosure for this sale can be found here. Insiders sold a total of 32,272 shares of company stock worth $4,420,459 in the last ninety days. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company's stock worth $3,086,621,000 after acquiring an additional 3,600,388 shares during the last quarter. Capital International Investors raised its position in shares of Electronic Arts by 8.3% during the fourth quarter. Capital International Investors now owns 5,067,765 shares of the game software company's stock worth $693,318,000 after acquiring an additional 386,630 shares during the last quarter. Invesco Ltd. raised its position in shares of Electronic Arts by 7.8% during the third quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company's stock worth $500,449,000 after acquiring an additional 301,194 shares during the last quarter. FIL Ltd raised its position in shares of Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company's stock worth $469,011,000 after acquiring an additional 145,466 shares during the last quarter. Finally, Morgan Stanley grew its stake in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company's stock worth $408,084,000 after purchasing an additional 389,063 shares during the period. 90.23% of the stock is currently owned by institutional investors.

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.