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

Electronic Arts Inc. (NASDAQ:EA) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $165.37.

A number of equities research analysts recently commented on EA shares. TD Cowen lifted their target price on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. UBS Group raised their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Stifel Nicolaus increased their price target on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st.

Insider Activity

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 shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now owns 54,247 shares of the company’s stock, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the transaction, the chief executive officer now directly owns 54,247 shares in the company, valued at approximately $7,675,950.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,144 shares of company stock valued at $3,886,282. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently modified their holdings of EA. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts during the 3rd quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the second quarter valued at $28,000. Family Firm Inc. purchased a new stake in Electronic Arts in the 2nd quarter worth about $33,000. New Covenant Trust Company N.A. acquired a new stake in Electronic Arts during the 1st quarter worth about $35,000. Finally, Reston Wealth Management LLC acquired a new stake in Electronic Arts during the 3rd quarter worth about $36,000. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

Shares of EA opened at $162.87 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45. The company’s fifty day moving average price is $146.15 and its 200-day moving average price is $141.91. Electronic Arts has a 1-year low of $124.92 and a 1-year high of $163.00. The firm has a market capitalization of $42.72 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 2.06 and a beta of 0.78.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

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.