Electronic Arts Inc. (NASDAQ:EA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Electronic Arts Inc. (NASDAQ:EA) have been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $161.94.

A number of analysts have weighed in on EA shares. Robert W. Baird reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a research report on Thursday, September 19th. TD Cowen increased their price objective on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Benchmark reissued a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Wedbush raised their price target on Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total value of $356,050.00. Following the sale, the chief executive officer now directly owns 59,247 shares of the company’s stock, valued at $8,437,957.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total value of $356,050.00. Following the sale, the chief executive officer now owns 59,247 shares in the company, valued at $8,437,957.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,570 shares of company stock valued at $3,621,343. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently modified their holdings of the stock. North Star Investment Management Corp. increased its position in shares of Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the last quarter. Cape Investment Advisory Inc. lifted its position in Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts in the 2nd quarter worth about $28,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of Electronic Arts during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $141.07 on Tuesday. Electronic Arts has a 52 week low of $117.47 and a 52 week high of $153.51. The business’s fifty day simple moving average is $146.07 and its 200-day simple moving average is $137.77. The firm has a market cap of $37.49 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Equities analysts forecast that Electronic Arts will post 5.89 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

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.