Electronic Arts (NASDAQ:EA) Receives Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Electronic Arts (NASDAQ:EA - Free Report) in a research note released on Wednesday morning, Benzinga reports. Wedbush currently has a $162.00 price objective on the game software company's stock.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an outperform rating and a $160.00 price objective on the stock. Robert W. Baird reduced their target price on shares of Electronic Arts from $160.00 to $150.00 and set an outperform rating for the company in a report on Wednesday. Oppenheimer reissued an outperform rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Tuesday, April 23rd. Stifel Nicolaus lifted their price target on Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a research note on Thursday, January 18th. Finally, UBS Group lowered their price target on Electronic Arts from $146.00 to $143.00 and set a neutral rating on the stock in a report on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $146.94.

Electronic Arts Stock Down 3.8 %

Shares of NASDAQ:EA traded down $5.00 during midday trading on Wednesday, reaching $125.24. The company had a trading volume of 4,241,338 shares, compared to its average volume of 2,013,830. The stock's fifty day moving average price is $131.56 and its 200-day moving average price is $134.52. The stock has a market capitalization of $33.48 billion, a P/E ratio of 31.70, a PEG ratio of 1.73 and a beta of 0.78. Electronic Arts has a one year low of $117.47 and a one year high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

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 issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.61%. 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 Electronic Arts stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $139.08, for a total value of $111,264.00. Following the transaction, the insider now owns 27,883 shares of the company's stock, valued at $3,877,967.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Laura Miele sold 2,000 shares of the business's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the business's 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 transaction, the insider now directly owns 27,883 shares in the company, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. Insiders sold a total of 32,272 shares of company stock valued at $4,420,459 over the last three months. Company insiders own 0.20% of the company's stock.

Institutional Trading of Electronic Arts

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted 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 worth $3,086,621,000 after acquiring an additional 3,600,388 shares during the period. Capital International Investors raised its position in Electronic Arts by 8.3% during the 4th quarter. Capital International Investors now owns 5,067,765 shares of the game software company's stock worth $693,318,000 after purchasing an additional 386,630 shares during the last quarter. Invesco Ltd. lifted its holdings in Electronic Arts by 7.8% during the 3rd 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 during the period. FIL Ltd grew its position in shares of Electronic Arts by 4.4% in the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company's stock valued at $469,011,000 after buying an additional 145,466 shares during the last quarter. Finally, Morgan Stanley increased 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 valued at $408,084,000 after buying an additional 389,063 shares during the period. Institutional investors own 90.23% of the company's stock.

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.