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

Wedbush reissued their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report released on Monday,Benzinga reports. Wedbush currently has a $210.00 price target on the game software company’s stock.

EA has been the topic of several other reports. Arete Research set a $192.00 target price on Electronic Arts in a research report on Tuesday, August 5th. The Goldman Sachs Group raised their target price on Electronic Arts from $135.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Wall Street Zen cut Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Roth Capital raised Electronic Arts from a “neutral” rating to a “buy” rating and raised their target price for the stock from $175.00 to $185.00 in a research report on Tuesday, June 24th. Finally, HSBC raised Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.12.

Electronic Arts Trading Up 0.2%

Electronic Arts stock opened at $172.60 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts has a one year low of $115.21 and a one year high of $180.90. The stock has a market capitalization of $43.19 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The business’s fifty day moving average is $159.71 and its 200 day moving average is $148.45.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $172.26, for a total value of $206,712.00. Following the transaction, the insider owned 35,931 shares of the company’s stock, valued at $6,189,474.06. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $171.06, for a total value of $171,060.00. Following the completion of the transaction, the chief financial officer directly owned 15,140 shares in the company, valued at $2,589,848.40. This trade represents a 6.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,400 shares of company stock valued at $4,349,372. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently added to or reduced their stakes in EA. Putney Financial Group LLC bought a new stake in Electronic Arts during the 4th quarter valued at approximately $26,000. Salomon & Ludwin LLC raised its stake in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the period. Opal Wealth Advisors LLC bought a new stake in Electronic Arts during the 1st quarter valued at approximately $28,000. Bank of Jackson Hole Trust raised its stake in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the period. Finally, MTM Investment Management LLC bought a new stake in Electronic Arts during the 2nd quarter valued at approximately $30,000. 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.