Oppenheimer Reiterates Outperform Rating for Electronic Arts (NASDAQ:EA)

Oppenheimer reiterated their outperform rating on shares of Electronic Arts (NASDAQ:EA - Free Report) in a research note released on Tuesday, Benzinga reports. They currently have a $150.00 price objective on the game software company's stock.

A number of other brokerages have also recently commented on EA. Wedbush reaffirmed an outperform rating and set a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. UBS Group cut their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating on the stock in a research report on Wednesday, March 27th. Stifel Nicolaus increased their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a research report on Thursday, January 18th. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an outperform rating and a $160.00 price objective on the stock. Finally, Benchmark reissued a buy rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $147.00.

Electronic Arts Price Performance

Shares of EA stock traded up $0.02 during trading on Tuesday, hitting $127.14. The company had a trading volume of 1,401,770 shares, compared to its average volume of 2,023,710. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $33.99 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The stock's 50-day moving average price is $134.54 and its 200 day moving average price is $134.55. 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 announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts expect that Electronic Arts will post 5.36 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Electronic Arts's dividend payout ratio (DPR) is currently 19.14%.

Insider Activity

In related news, Director Jeff Huber sold 11,872 shares of Electronic Arts stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the transaction, the director now owns 79,381 shares in the company, valued at approximately $11,264,163.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Electronic Arts news, Director Jeff Huber sold 11,872 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $141.90, for a total value of $1,684,636.80. Following the transaction, the director now owns 79,381 shares in the company, valued at $11,264,163.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now owns 28,683 shares of the company's stock, valued at $3,941,904.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,144 shares of company stock worth $5,143,560. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV increased its stake in Electronic Arts by 23.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company's stock valued at $2,753,000 after purchasing an additional 4,411 shares in the last quarter. Value Partners Investments Inc. grew its stake in shares of Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company's stock worth $53,761,000 after acquiring an additional 107,709 shares during the period. Metis Global Partners LLC grew its stake in shares of Electronic Arts by 14.7% in the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company's stock worth $1,381,000 after acquiring an additional 1,469 shares during the period. Morgan Stanley grew its stake in shares of 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 acquiring an additional 389,063 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Electronic Arts by 16.3% in 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 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.