Electronic Arts Inc. (NASDAQ:EA) Given Average Rating of “Hold” by Analysts

Electronic Arts Inc. (NASDAQ:EA) has earned a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the company, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $154.22.

EA has been the subject of a number of research reports. UBS Group lifted their target price on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Morgan Stanley dropped their price target on Electronic Arts from $150.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Ascendiant Capital Markets raised their price target on shares of Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Bank of America raised their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $154.70 on Wednesday. The firm has a market capitalization of $40.32 billion, a P/E ratio of 39.36, a PEG ratio of 3.58 and a beta of 0.74. Electronic Arts has a one year low of $115.21 and a one year high of $168.50. The company’s fifty day moving average is $141.87 and its two-hundred day moving average is $144.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

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

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.49%. Electronic Arts’s dividend payout ratio is currently 19.34%.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the sale, the executive vice president now directly owns 19,033 shares of the company’s stock, valued at $2,772,156.45. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares of the company’s stock, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,056,270 over the last 90 days. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EA. Financial Management Professionals Inc. grew its stake in Electronic Arts by 15.0% during the 1st quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock valued at $81,000 after acquiring an additional 73 shares in the last quarter. Claro Advisors LLC lifted its position in Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after buying an additional 75 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Electronic Arts by 34.2% during the 1st quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock valued at $43,000 after buying an additional 76 shares during the period. Clarius Group LLC increased its stake in shares of Electronic Arts by 3.6% in the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company’s stock worth $319,000 after acquiring an additional 77 shares during the last quarter. Finally, Intrust Bank NA raised its holdings in shares of Electronic Arts by 3.3% during the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock worth $362,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other 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.