Electronic Arts Inc. (NASDAQ:EA) Receives $165.37 Consensus Price Target from Brokerages

Electronic Arts Inc. (NASDAQ:EA) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $165.37.

EA has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th.

Electronic Arts Stock Performance

EA opened at $161.36 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $42.32 billion, a P/E ratio of 41.48, a P/E/G ratio of 2.13 and a beta of 0.78. Electronic Arts has a 1-year low of $124.92 and a 1-year high of $164.42. The stock’s 50 day simple moving average is $147.17 and its 200 day simple moving average is $142.44.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company’s stock, valued at $4,675,692.90. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock worth $225,000 after purchasing an additional 76 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock valued at $394,000 after buying an additional 79 shares in the last quarter. Shepherd Financial Partners LLC lifted its position in shares of Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after buying an additional 88 shares in the last quarter. Finally, Grove Bank & Trust raised its position in shares of Electronic Arts by 23.5% during the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after buying an additional 94 shares in the last quarter. 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.