Electronic Arts (NASDAQ:EA) PT Raised to $170.00

Electronic Arts (NASDAQ:EA) had its price target increased by Raymond James from $155.00 to $170.00 in a report published on Wednesday, Benzinga reports. The firm currently has an outperform rating on the game software company’s stock.

A number of other analysts also recently weighed in on the company. Oppenheimer increased their price objective on Electronic Arts from $150.00 to $170.00 and gave the company an outperform rating in a report on Tuesday, July 16th. Citigroup downgraded Electronic Arts from a buy rating to a neutral rating and increased their price objective for the company from $148.00 to $161.00 in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on Electronic Arts from $153.00 to $150.00 and set a hold rating for the company in a report on Thursday, May 9th. UBS Group increased their price objective on Electronic Arts from $143.00 to $155.00 and gave the company a neutral rating in a report on Wednesday. Finally, Benchmark increased their price objective on Electronic Arts from $153.00 to $163.00 and gave the company a buy rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of Moderate Buy and an average price target of $160.16.

Electronic Arts Stock Up 0.3 %

Shares of EA opened at $148.83 on Wednesday. Electronic Arts has a 52 week low of $117.47 and a 52 week high of $153.51. The stock has a market capitalization of $39.55 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.45. The stock has a fifty day moving average of $140.16 and a 200-day moving average of $135.97.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. As a group, sell-side analysts anticipate that Electronic Arts will post 5.76 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. Electronic Arts’s dividend payout ratio is presently 16.24%.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $127.15, for a total value of $127,150.00. Following the completion of the sale, the executive vice president now directly owns 17,426 shares in the company, valued at approximately $2,215,715.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total value of $127,150.00. Following the transaction, the executive vice president now owns 17,426 shares of the company’s stock, valued at approximately $2,215,715.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 4,639 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the transaction, the chief executive officer now directly owns 66,747 shares in the company, valued at approximately $8,954,110.05. The disclosure for this sale can be found here. Insiders sold a total of 23,239 shares of company stock worth $3,197,469 in the last three months. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently added to or reduced their stakes in EA. North Star Investment Management Corp. lifted its position in shares of Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in shares of Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 1st quarter worth approximately $27,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 2nd quarter worth approximately $28,000. Finally, Larson Financial Group LLC bought a new position in shares of Electronic Arts during the 4th quarter worth approximately $30,000. 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.