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

Electronic Arts Inc. (NASDAQ:EAGet Rating) has been given an average recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $148.76.

EA has been the topic of a number of research analyst reports. Atlantic Securities lowered shares of Electronic Arts from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $140.00 to $130.00 in a research note on Thursday, September 15th. They noted that the move was a valuation call. StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 11th. Credit Suisse Group reduced their price objective on shares of Electronic Arts from $144.00 to $143.00 and set an “outperform” rating for the company in a report on Wednesday, November 2nd. Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $153.00 to $144.00 and set a “buy” rating for the company in a report on Monday, October 24th. Finally, Truist Financial reduced their price objective on shares of Electronic Arts to $154.00 and set a “buy” rating for the company in a report on Sunday, July 31st.

Insiders Place Their Bets

In other news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $126.29, for a total value of $101,032.00. Following the completion of the transaction, the insider now owns 25,314 shares of the company’s stock, valued at $3,196,905.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $126.29, for a total value of $101,032.00. Following the completion of the transaction, the insider now owns 25,314 shares in the company, valued at approximately $3,196,905.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Eric Charles Kelly sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $129.56, for a total transaction of $129,560.00. Following the completion of the transaction, the chief accounting officer now owns 5,730 shares of the company’s stock, valued at approximately $742,378.80. The disclosure for this sale can be found here. Insiders have sold 27,033 shares of company stock worth $3,384,127 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Electronic Arts

Large investors have recently modified their holdings of the stock. Regentatlantic Capital LLC raised its stake in shares of Electronic Arts by 8.2% during the 1st quarter. Regentatlantic Capital LLC now owns 2,507 shares of the game software company’s stock worth $317,000 after purchasing an additional 190 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Electronic Arts by 21.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,887 shares of the game software company’s stock worth $618,000 after buying an additional 853 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Electronic Arts by 0.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 37,530 shares of the game software company’s stock worth $4,748,000 after buying an additional 190 shares during the last quarter. FDx Advisors Inc. lifted its position in Electronic Arts by 19.5% in the 1st quarter. FDx Advisors Inc. now owns 2,680 shares of the game software company’s stock worth $339,000 after buying an additional 437 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in Electronic Arts by 80.1% in the first quarter. Metis Global Partners LLC now owns 4,473 shares of the game software company’s stock valued at $565,000 after purchasing an additional 1,989 shares during the last quarter. Institutional investors and hedge funds own 90.65% of the company’s stock.

Electronic Arts Stock Up 1.1 %

EA stock opened at $130.08 on Friday. Electronic Arts has a 12-month low of $109.24 and a 12-month high of $142.79. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.24. The company has a market cap of $35.91 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.05 and a beta of 0.85. The company has a 50 day moving average of $124.11 and a two-hundred day moving average of $127.19.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.58%. Electronic Arts’s payout ratio is 23.68%.

About Electronic Arts

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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.

Further Reading

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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