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

Electronic Arts (NASDAQ:EA) had its price target increased by TD Cowen from $160.00 to $172.00 in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have a buy rating on the game software company’s stock.

A number of other brokerages have also recently weighed in on EA. Roth Mkm dropped their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Bank of America boosted their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. StockNews.com cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Ascendiant Capital Markets increased their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $161.83.

Electronic Arts Stock Down 1.5 %

EA stock opened at $153.30 on Wednesday. Electronic Arts has a one year low of $115.21 and a one year high of $168.50. The firm has a market cap of $39.95 billion, a PE ratio of 39.01, a PEG ratio of 3.58 and a beta of 0.74. The firm’s 50 day moving average price is $143.36 and its 200-day moving average price is $144.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities research analysts anticipate that Electronic Arts will post 4.71 EPS for the current year.

Electronic Arts Announces Dividend

The business 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 dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts’s payout ratio is 19.34%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now owns 26,216 shares of the company’s stock, valued at $3,801,320. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,118,120 over the last 90 days. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Electronic Arts

Several large investors have recently bought and sold shares of EA. Putney Financial Group LLC purchased a new position in Electronic Arts during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the 1st quarter worth approximately $28,000. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares in the last quarter. Bank of Jackson Hole Trust increased its position in Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts in the fourth quarter worth $32,000. Institutional investors and hedge funds 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.