Electronic Arts (NASDAQ:EA) Given New $165.00 Price Target at Oppenheimer

Electronic Arts (NASDAQ:EA) had its price target cut by Oppenheimer from $170.00 to $165.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the game software company’s stock.

A number of other research analysts also recently commented on EA. JPMorgan Chase & Co. reduced their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. UBS Group boosted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th. Finally, DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Eight investment 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. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $164.68.

Electronic Arts Stock Up 0.9 %

Shares of Electronic Arts stock opened at $143.28 on Tuesday. Electronic Arts has a 1-year low of $124.92 and a 1-year high of $168.50. The company has a market capitalization of $37.58 billion, a PE ratio of 36.83, a P/E/G ratio of 1.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50-day moving average of $154.65 and a 200-day moving average of $149.25.

Electronic Arts Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. The trade was a 6.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’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 completion of the transaction, the insider now directly owns 28,190 shares in the company, valued at approximately $4,251,897.70. This represents a 3.43 % 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 worth $3,637,660. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EA. Huntington National Bank lifted its stake in Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after buying an additional 234,098 shares during the period. Dai ichi Life Insurance Company Ltd boosted its position in Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after acquiring an additional 11,058 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Electronic Arts by 5.9% during 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 last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $5,597,000. Finally, Chesapeake Capital Corp IL bought a new position in Electronic Arts in the third quarter valued at approximately $950,000. Institutional investors and hedge funds 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.