Electronic Arts (NASDAQ:EA) Receives “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Electronic Arts (NASDAQ:EA) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. Stifel Nicolaus currently has a $167.00 price objective on the game software company’s stock.

Several other equities analysts have also commented on the stock. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Argus lifted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Stock Down 0.2 %

Shares of EA stock traded down $0.26 on Wednesday, hitting $149.66. The stock had a trading volume of 522,449 shares, compared to its average volume of 2,054,906. Electronic Arts has a one year low of $124.92 and a one year high of $168.50. The business has a 50 day moving average price of $156.64 and a 200 day moving average price of $147.94. The company has a market cap of $39.25 billion, a PE ratio of 38.47, a P/E/G ratio of 2.14 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now owns 29,190 shares of the company’s stock, valued at $4,181,175.60. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $3,100,805 in the last three months. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts in the third quarter valued at $25,000. Family Firm Inc. acquired a new stake in Electronic Arts in the 2nd quarter valued at about $33,000. Reston Wealth Management LLC purchased a new position in Electronic Arts during the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC raised its position in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other 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.