Electronic Arts Inc. (NASDAQ:EA) Receives $165.37 Consensus Price Target from Brokerages

Electronic Arts Inc. (NASDAQ:EA) has received a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $165.37.

A number of equities research analysts recently issued reports on EA shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $167.00 price target on shares of Electronic Arts in a research note on Wednesday, December 18th. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the transaction, the executive vice president now owns 24,860 shares of the company’s stock, valued at $3,597,739.20. The trade was a 5.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now directly owns 51,747 shares in the company, valued at $7,548,334.89. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,639,565 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Hedge funds have recently made changes to their positions in the stock. Huntington National Bank lifted its position in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after acquiring an additional 234,098 shares during the last quarter. Dai ichi Life Insurance Company Ltd lifted its holdings in shares of Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after purchasing an additional 11,058 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Electronic Arts by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock worth $12,078,000 after purchasing an additional 4,702 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in Electronic Arts during the 3rd quarter worth $5,597,000. Finally, Chesapeake Capital Corp IL acquired a new position in Electronic Arts during the 3rd quarter valued at about $950,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Down 0.7 %

Shares of EA opened at $145.25 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $38.10 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.14 and a beta of 0.80. Electronic Arts has a 1 year low of $124.92 and a 1 year high of $168.50. The business’s 50 day simple moving average is $157.34 and its 200-day simple moving average is $148.99.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts’s payout ratio is 19.54%.

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.