Electronic Arts (NASDAQ:EA) Trading 3.1% Higher

Electronic Arts Inc. (NASDAQ:EA - Get Free Report)'s stock price traded up 3.1% during mid-day trading on Wednesday . The company traded as high as $133.29 and last traded at $132.82. 515,883 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 2,027,177 shares. The stock had previously closed at $128.85.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group decreased their target price on Electronic Arts from $146.00 to $143.00 and set a "neutral" rating for the company in a report on Wednesday, March 27th. Roth Mkm cut their price target on Electronic Arts from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 1st. Wedbush restated an "outperform" rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, May 8th. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 9th. Finally, Benchmark restated a "buy" rating and issued a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $147.00.

Electronic Arts Stock Performance

The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $129.57 and a 200-day moving average of $134.67. The stock has a market cap of $36.13 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 2.04 and a beta of 0.78.

Electronic Arts Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,000 shares of the firm's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total transaction of $127,150.00. Following the transaction, the executive vice president now owns 17,426 shares of the company's stock, valued at $2,215,715.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the sale, the insider now owns 27,883 shares of the company's stock, valued at approximately $3,877,967.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total value of $127,150.00. Following the sale, the executive vice president now directly owns 17,426 shares in the company, valued at approximately $2,215,715.90. The disclosure for this sale can be found here. Insiders have sold a total of 30,772 shares of company stock valued at $4,193,979 over the last quarter. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors have recently modified their holdings of EA. North Star Investment Management Corp. raised its position in shares of Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company's stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Cape Investment Advisory Inc. raised its holdings in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company's stock valued at $27,000 after acquiring an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in Electronic Arts in the 1st quarter valued at $27,000. Leith Wheeler Investment Counsel Ltd. raised its holdings in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company's stock valued at $29,000 after acquiring an additional 154,989 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in Electronic Arts in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

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.