Electronic Arts (NASDAQ:EA) Receives Outperform Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a research report sent to investors on Monday,Benzinga reports. They currently have a $210.00 target price on the game software company’s stock.

Other equities research analysts also recently issued research reports about the stock. Hsbc Global Res raised shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Arete Research set a $192.00 price objective on shares of Electronic Arts in a report on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating and issued a $153.00 price objective (up previously from $139.00) on shares of Electronic Arts in a report on Thursday, May 29th. Finally, DA Davidson upped their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.12.

Electronic Arts Stock Up 0.8%

Electronic Arts stock opened at $172.76 on Monday. The company has a 50-day simple moving average of $158.84 and a 200-day simple moving average of $148.12. The firm has a market capitalization of $43.23 billion, a P/E ratio of 43.30, a P/E/G ratio of 2.21 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts has a one year low of $115.21 and a one year high of $180.90.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $159.53, for a total value of $159,530.00. Following the completion of the transaction, the insider directly owned 37,131 shares of the company’s stock, valued at $5,923,508.43. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $171.05, for a total value of $855,250.00. Following the completion of the transaction, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at approximately $8,961,822.65. This trade represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,200 shares of company stock valued at $4,142,660 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EA. Putney Financial Group LLC acquired a new position in Electronic Arts during the fourth quarter worth $26,000. Salomon & Ludwin LLC raised its stake in Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after acquiring an additional 68 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at $28,000. Bank of Jackson Hole Trust increased its stake in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after buying an additional 75 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of Electronic Arts in the second quarter valued at $30,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.