Electronic Arts (NASDAQ:EA) Price Target Cut to $159.00 by Analysts at Stifel Nicolaus

Electronic Arts (NASDAQ:EA) had its price target cut by Stifel Nicolaus from $167.00 to $159.00 in a research report released on Tuesday,Benzinga reports. They currently have a hold rating on the game software company’s stock.

EA has been the topic of a number of other research reports. Argus lifted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Roth Mkm boosted their price objective on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $177.00 in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.68.

Electronic Arts Price Performance

NASDAQ EA opened at $143.28 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12 month low of $124.92 and a 12 month high of $168.50. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.86 and a beta of 0.80. The company’s 50 day moving average is $154.65 and its two-hundred day moving average is $149.25.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is 19.54%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the transaction, the chief executive officer now owns 51,747 shares in the company, valued at $7,548,334.89. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the sale, the executive vice president now owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,500 shares of company stock valued at $3,637,660. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EA. Huntington National Bank lifted its stake in shares of Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after acquiring an additional 234,098 shares during the last quarter. Dai ichi Life Insurance Company Ltd increased its stake in Electronic Arts by 20.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after purchasing an additional 11,058 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Electronic Arts by 5.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock worth $12,078,000 after purchasing an additional 4,702 shares during the period. Greenwood Capital Associates LLC bought a new stake in shares of Electronic Arts during the third quarter worth $5,597,000. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of Electronic Arts during the third quarter valued at $950,000. Institutional investors own 90.23% of the company’s stock.

About Electronic Arts

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.