Electronic Arts (NASDAQ:EA) Upgraded at DA Davidson

DA Davidson upgraded shares of Electronic Arts (NASDAQ:EA) to a hold rating in a research note issued to investors on Tuesday morning, Marketbeat reports. DA Davidson currently has $140.00 target price on the game software company’s stock.

Other equities research analysts also recently issued reports about the stock. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Friday, January 31st. Stifel Nicolaus cut their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird cut their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Wedbush reiterated an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Finally, BMO Capital Markets dropped their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $154.55.

Electronic Arts Price Performance

EA stock opened at $129.99 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market cap of $33.88 billion, a P/E ratio of 33.08, a P/E/G ratio of 3.51 and a beta of 0.79. The company’s 50-day moving average price is $137.62 and its two-hundred day moving average price is $146.34.

Electronic Arts (NASDAQ:EA) last announced its quarterly 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, analysts anticipate that Electronic Arts will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the sale, the chief executive officer now owns 47,615 shares in the company, valued at $7,047,020. This represents a 9.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,500 shares of company stock worth $2,812,285. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in shares of Electronic Arts by 5.3% in the third quarter. Creative Planning now owns 26,676 shares of the game software company’s stock worth $3,826,000 after buying an additional 1,351 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Electronic Arts by 139.5% in the third quarter. Blue Trust Inc. now owns 2,975 shares of the game software company’s stock worth $414,000 after buying an additional 1,733 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Electronic Arts by 10.7% in the third quarter. Raymond James & Associates now owns 129,387 shares of the game software company’s stock worth $18,559,000 after buying an additional 12,468 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Electronic Arts by 5.8% in the third quarter. Signaturefd LLC now owns 4,371 shares of the game software company’s stock worth $627,000 after buying an additional 238 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Electronic Arts in the third quarter worth about $914,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.