Electronic Arts (NASDAQ:EA) Now Covered by DA Davidson

DA Davidson assumed coverage on shares of Electronic Arts (NASDAQ:EA) in a report issued on Wednesday, MarketBeat.com reports. The firm issued a neutral rating and a $140.00 target price on the game software company’s stock.

EA has been the topic of several other research reports. Bank of America upped their price target on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Oppenheimer decreased their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Citigroup decreased their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus decreased their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $154.55.

Electronic Arts Stock Up 0.8 %

Shares of NASDAQ:EA opened at $129.34 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $138.27 and a two-hundred day moving average of $146.45. The stock has a market cap of $33.71 billion, a P/E ratio of 32.91, a PEG ratio of 3.54 and a beta of 0.79. Electronic Arts has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts expect that Electronic Arts will post 4.75 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the transaction, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. The trade was a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $2,812,285 in the last three months. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently bought and sold shares of EA. Toronto Dominion Bank increased its position in Electronic Arts by 9.5% during the fourth quarter. Toronto Dominion Bank now owns 137,319 shares of the game software company’s stock worth $20,090,000 after buying an additional 11,891 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Electronic Arts during the fourth quarter worth $7,272,000. Neo Ivy Capital Management purchased a new position in Electronic Arts during the fourth quarter worth $359,000. Vise Technologies Inc. purchased a new position in Electronic Arts during the fourth quarter worth $370,000. Finally, JT Stratford LLC increased its position in Electronic Arts by 4.7% during the fourth quarter. JT Stratford LLC now owns 10,152 shares of the game software company’s stock worth $1,485,000 after buying an additional 452 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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.