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

Shares of Electronic Arts Inc. (NASDAQ:EAGet Free Report) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $147.50.

EA has been the subject of several recent analyst reports. Roth Mkm dropped their price objective on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Benchmark reissued a “buy” rating and set a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. Wedbush reissued an “outperform” rating and set a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, May 8th. Finally, StockNews.com raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th.

View Our Latest Research Report on Electronic Arts

Electronic Arts Stock Performance

NASDAQ:EA opened at $144.09 on Thursday. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $38.29 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 2.23 and a beta of 0.79. The firm has a 50-day moving average price of $134.62 and a 200 day moving average price of $134.94.

Electronic Arts (NASDAQ:EAGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Research analysts anticipate that Electronic Arts will post 5.68 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts’s payout ratio is currently 16.24%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $127.19, for a total value of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares in the company, valued at approximately $2,980,061.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $127.19, for a total value of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares of the company’s stock, valued at approximately $2,980,061.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.21, for a total transaction of $128,210.00. Following the completion of the transaction, the insider now directly owns 18,426 shares of the company’s stock, valued at approximately $2,362,397.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,039 shares of company stock worth $3,065,356. Insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Simplicity Wealth LLC boosted its holdings in Electronic Arts by 5.8% in the 2nd quarter. Simplicity Wealth LLC now owns 13,918 shares of the game software company’s stock valued at $1,939,000 after purchasing an additional 762 shares during the period. NBC Securities Inc. boosted its holdings in Electronic Arts by 24.2% in the 2nd quarter. NBC Securities Inc. now owns 8,352 shares of the game software company’s stock valued at $1,163,000 after purchasing an additional 1,630 shares during the period. CWM LLC boosted its holdings in Electronic Arts by 16.0% in the 2nd quarter. CWM LLC now owns 6,207 shares of the game software company’s stock valued at $865,000 after purchasing an additional 855 shares during the period. Hilltop National Bank boosted its holdings in Electronic Arts by 10.5% in the 2nd quarter. Hilltop National Bank now owns 5,399 shares of the game software company’s stock valued at $752,000 after purchasing an additional 514 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Electronic Arts by 34.9% in the 2nd quarter. Park Avenue Securities LLC now owns 14,227 shares of the game software company’s stock valued at $1,982,000 after purchasing an additional 3,681 shares during the period. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Company Profile

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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.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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