Electronic Arts (NASDAQ:EA) Price Target Raised to $172.00

Electronic Arts (NASDAQ:EA - Free Report) had its price target lifted by TD Cowen from $160.00 to $172.00 in a research report released on Wednesday, Marketbeat.com reports. The firm currently has a buy rating on the game software company's stock.

Other analysts have also issued research reports about the company. DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target for the company. HSBC raised shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price for the company in a report on Wednesday. Raymond James downgraded shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Moffett Nathanson reiterated a "neutral" rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday. Finally, Stifel Nicolaus lowered their price objective on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. Fifteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts has an average rating of "Hold" and an average price target of $161.83.

Electronic Arts Stock Performance

Shares of EA traded down $2.36 during trading hours on Wednesday, hitting $153.30. The stock had a trading volume of 2,921,660 shares, compared to its average volume of 2,700,805. The firm has a market capitalization of $39.95 billion, a PE ratio of 39.01, a PEG ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a fifty day moving average price of $143.36 and a 200 day moving average price of $144.90. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Analysts anticipate that Electronic Arts will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts's dividend payout ratio (DPR) is presently 19.34%.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total transaction of $388,925.00. Following the completion of the sale, the insider now owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,118,120 over the last quarter. Company insiders own 0.22% of the company's stock.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently made changes to their positions in EA. Nordea Investment Management AB raised its holdings in shares of Electronic Arts by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 169,083 shares of the game software company's stock valued at $24,845,000 after purchasing an additional 9,580 shares in the last quarter. First Hawaiian Bank purchased a new position in Electronic Arts during the fourth quarter valued at approximately $494,000. Czech National Bank raised its stake in Electronic Arts by 5.7% in the fourth quarter. Czech National Bank now owns 51,749 shares of the game software company's stock worth $7,571,000 after buying an additional 2,773 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in Electronic Arts during the fourth quarter worth $216,000. Finally, Wedmont Private Capital boosted its position in Electronic Arts by 6.3% during the 4th quarter. Wedmont Private Capital now owns 2,464 shares of the game software company's stock valued at $347,000 after acquiring an additional 146 shares in the last quarter. 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.