Electronic Arts (NASDAQ:EA) Price Target Raised to $160.00 at Benchmark

Electronic Arts (NASDAQ:EA) had its target price lifted by Benchmark from $140.00 to $160.00 in a research report released on Monday morning, Marketbeat.com reports. They currently have a buy rating on the game software company’s stock.

Several other research analysts also recently weighed in on EA. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, January 31st. DA Davidson started coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price for the company. Ascendiant Capital Markets boosted their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Oppenheimer reduced their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Finally, Wedbush restated an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $155.65.

Electronic Arts Price Performance

NASDAQ EA opened at $144.55 on Monday. The business’s fifty day moving average is $132.81 and its 200 day moving average is $144.61. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $37.67 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Sell-side analysts predict that Electronic Arts will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio is 19.34%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the transaction, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,000 shares of company stock worth $3,166,740. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently bought and sold shares of the business. DSG Capital Advisors LLC bought a new position in Electronic Arts in the fourth quarter worth about $677,000. California State Teachers Retirement System grew its stake in shares of Electronic Arts by 2.8% during the fourth quarter. California State Teachers Retirement System now owns 434,672 shares of the game software company’s stock worth $63,593,000 after acquiring an additional 11,949 shares during the last quarter. 111 Capital acquired a new position in Electronic Arts during the 4th quarter valued at approximately $624,000. NorthCrest Asset Manangement LLC grew its stake in Electronic Arts by 1.1% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 33,521 shares of the game software company’s stock valued at $4,904,000 after purchasing an additional 378 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co purchased a new stake in Electronic Arts during the 4th quarter valued at about $1,463,000. Institutional investors own 90.23% of the company’s stock.

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.