Electronic Arts’ (EA) “Neutral” Rating Reaffirmed at Robert W. Baird

Robert W. Baird reaffirmed their neutral rating on shares of Electronic Arts (NASDAQ:EAFree Report) in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a $210.00 price target on the game software company’s stock, up from their prior price target of $170.00.

Several other research firms have also issued reports on EA. Wall Street Zen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson upped their price target on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Roth Capital upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and upped their price target for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. UBS Group set a $167.00 price target on shares of Electronic Arts and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, Citigroup restated a “neutral” rating on shares of Electronic Arts in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $168.64.

View Our Latest Analysis on Electronic Arts

Electronic Arts Stock Up 4.5%

Shares of NASDAQ:EA opened at $202.05 on Monday. Electronic Arts has a 52-week low of $115.21 and a 52-week high of $203.75. The firm has a fifty day moving average of $168.65 and a 200 day moving average of $155.12. The firm has a market capitalization of $50.55 billion, a PE ratio of 50.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s payout ratio is presently 19.05%.

Insider Activity

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total transaction of $863,950.00. Following the completion of the sale, the chief executive officer owned 47,393 shares of the company’s stock, valued at $8,189,036.47. The trade was a 9.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $171.06, for a total transaction of $171,060.00. Following the sale, the chief financial officer directly owned 15,140 shares of the company’s stock, valued at approximately $2,589,848.40. The trade was a 6.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,300 shares of company stock worth $4,519,680. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after buying an additional 150,438 shares in the last quarter. State Street Corp lifted its stake in shares of Electronic Arts by 5.8% during the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock valued at $2,726,552,000 after buying an additional 932,024 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of Electronic Arts by 4.6% during the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after buying an additional 193,442 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Electronic Arts by 44.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after buying an additional 1,300,336 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Electronic Arts by 10.1% during the 2nd quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock valued at $656,735,000 after buying an additional 378,824 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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