JPMorgan Chase & Co. Cuts Electronic Arts (NASDAQ:EA) Price Target to $150.00

Electronic Arts (NASDAQ:EA) had its target price reduced by JPMorgan Chase & Co. from $155.00 to $150.00 in a research report report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the game software company’s stock.

EA has been the subject of several other reports. Roth Mkm reaffirmed a “neutral” rating and issued a $154.00 target price on shares of Electronic Arts in a research report on Thursday, September 19th. Stifel Nicolaus upped their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Oppenheimer raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Citigroup lowered Electronic Arts from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $148.00 to $161.00 in a research report on Monday, July 15th. Finally, The Goldman Sachs Group lifted their target price on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $164.39.

Electronic Arts Trading Up 0.3 %

EA opened at $151.26 on Wednesday. Electronic Arts has a 52 week low of $124.92 and a 52 week high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $144.96 and a 200-day simple moving average of $140.19. The firm has a market cap of $39.96 billion, a P/E ratio of 38.88, a P/E/G ratio of 2.05 and a beta of 0.78.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.50%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now directly owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total transaction of $364,675.00. Following the completion of the transaction, the chief executive officer now directly owns 51,747 shares in the company, valued at $7,548,334.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,644 shares of company stock worth $3,491,207. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its position in Electronic Arts by 2.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after buying an additional 79 shares during the last quarter. Shepherd Financial Partners LLC raised its holdings in Electronic Arts by 1.6% during the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after purchasing an additional 88 shares in the last quarter. Grove Bank & Trust lifted its position in Electronic Arts by 23.5% in the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock valued at $69,000 after purchasing an additional 94 shares during the period. CWM LLC boosted its holdings in Electronic Arts by 1.5% in the 3rd quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after purchasing an additional 95 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Electronic Arts by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after buying an additional 97 shares in the last quarter. Hedge funds and other 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.