Electronic Arts (NASDAQ:EA) Hits New 1-Year High – Time to Buy?

Electronic Arts Inc. (NASDAQ:EA) hit a new 52-week high on Wednesday . The stock traded as high as $206.00 and last traded at $205.3530, with a volume of 3747 shares traded. The stock had previously closed at $205.04.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Citigroup raised their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $196.64.

Electronic Arts Trading Up 0.2%

The business has a 50 day simple moving average of $202.32 and a two-hundred day simple moving average of $202.43. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $51.52 billion, a price-to-earnings ratio of 58.85, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 21.78%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the sale, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the transaction, the insider owned 26,360 shares in the company, valued at $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 39,906 shares of company stock valued at $8,060,033. 0.24% of the stock is owned by insiders.

Institutional Trading of Electronic Arts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new stake in Electronic Arts during the first quarter valued at approximately $27,000. MV Capital Management Inc. acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $28,000. Ameriflex Group Inc. increased its holdings in shares of Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $32,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts during the 1st quarter valued at about $32,000. 90.23% of the stock is owned by institutional investors.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.