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

Electronic Arts Inc. (NASDAQ:EA) has received a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $188.30.

A number of brokerages recently commented on EA. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup lowered their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the transaction, the chief executive officer directly owned 43,858 shares of the company’s stock, valued at $8,951,856.38. This represents a 10.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $510,275.00. Following the sale, the insider owned 53,148 shares of the company’s stock, valued at approximately $10,848,038.28. This represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,600 shares of company stock valued at $5,589,823. 0.24% of the stock is owned by insiders.

Institutional Trading of Electronic Arts

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Electronic Arts by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock worth $425,000 after purchasing an additional 50 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares during the last quarter. Ballentine Partners LLC grew its stake in Electronic Arts by 1.2% in the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock valued at $965,000 after purchasing an additional 59 shares during the period. Physician Wealth Advisors Inc. increased its holdings in Electronic Arts by 5.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after buying an additional 59 shares during the last quarter. Finally, Macroview Investment Management LLC increased its stake in shares of Electronic Arts by 6.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,065 shares of the game software company’s stock worth $218,000 after purchasing an additional 62 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

EA stock opened at $201.06 on Tuesday. Electronic Arts has a 1-year low of $128.87 and a 1-year high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm has a market cap of $50.32 billion, a PE ratio of 75.59, a P/E/G ratio of 2.39 and a beta of 0.75. The business’s 50-day moving average price is $202.76 and its two-hundred day moving average price is $195.48.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.