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

Shares of Electronic Arts Inc. (NASDAQ:EA) have earned an average recommendation of “Moderate Buy” from the twenty-six research firms that are covering the company, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $162.80.

Several equities research analysts have commented on EA shares. Moffett Nathanson reissued a “neutral” rating and issued a $163.00 target price on shares of Electronic Arts in a report on Wednesday, May 7th. HSBC upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Wednesday, May 7th. Wedbush raised their price objective on shares of Electronic Arts from $179.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Benchmark lifted their target price on shares of Electronic Arts from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Hsbc Global Res upgraded shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 7th.

Insider Activity

In related news, CEO Andrew Wilson sold 6,563 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $151.18, for a total transaction of $992,194.34. Following the transaction, the chief executive officer now owns 70,059 shares of the company’s stock, valued at approximately $10,591,519.62. This represents a 8.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $148.69, for a total value of $223,035.00. Following the sale, the executive vice president now directly owns 29,948 shares in the company, valued at $4,452,968.12. This trade represents a 4.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,229 shares of company stock worth $4,371,399 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Electronic Arts

Institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its position in Electronic Arts by 0.3% during the 1st quarter. Voya Investment Management LLC now owns 74,291 shares of the game software company’s stock valued at $10,737,000 after purchasing an additional 234 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in Electronic Arts in the 1st quarter valued at about $272,000. Strs Ohio acquired a new position in shares of Electronic Arts in the 1st quarter valued at $20,666,000. Addison Capital Co boosted its holdings in shares of Electronic Arts by 17.8% in the first quarter. Addison Capital Co now owns 3,528 shares of the game software company’s stock valued at $510,000 after acquiring an additional 534 shares during the period. Finally, WBI Investments LLC grew its holdings in shares of Electronic Arts by 560.1% during the first quarter. WBI Investments LLC now owns 14,607 shares of the game software company’s stock worth $2,111,000 after buying an additional 12,394 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Trading Down 0.1%

NASDAQ:EA opened at $157.82 on Thursday. The company has a 50-day moving average price of $148.92 and a 200-day moving average price of $142.60. The stock has a market cap of $39.58 billion, a price-to-earnings ratio of 37.22, a P/E/G ratio of 2.17 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. Electronic Arts’s dividend payout ratio (DPR) is 17.92%.

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.