Electronic Arts’ (EA) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Electronic Arts (NASDAQ:EA) in a report published on Wednesday, Marketbeat reports. Stifel Nicolaus currently has a $167.00 price target on the game software company’s stock.

A number of other analysts have also recently weighed in on EA. BMO Capital Markets restated an “outperform” rating and issued a $160.00 price target (up from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Benchmark reaffirmed a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, October 30th. UBS Group raised their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Trading Down 0.1 %

EA opened at $147.80 on Wednesday. The business has a fifty day moving average price of $156.76 and a 200 day moving average price of $147.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts has a 12 month low of $124.92 and a 12 month high of $168.50. The stock has a market capitalization of $38.76 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.14 and a beta of 0.79.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s dividend payout ratio is currently 19.54%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now directly owns 29,190 shares in the company, valued at $4,181,175.60. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,840,805 over the last three months. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently made changes to their positions in EA. Inspire Trust Co. N.A. grew its position in shares of Electronic Arts by 47.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company’s stock valued at $2,008,000 after buying an additional 4,499 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Electronic Arts by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock worth $124,548,000 after purchasing an additional 66,797 shares during the period. Tidal Investments LLC lifted its holdings in shares of Electronic Arts by 20.6% in the 3rd quarter. Tidal Investments LLC now owns 45,630 shares of the game software company’s stock worth $6,545,000 after purchasing an additional 7,786 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Electronic Arts during the 3rd quarter valued at approximately $428,000. Finally, Sanctuary Advisors LLC increased its position in Electronic Arts by 76.3% in the third quarter. Sanctuary Advisors LLC now owns 10,328 shares of the game software company’s stock worth $1,481,000 after buying an additional 4,471 shares during the period. 90.23% of the stock is currently owned by institutional investors.

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.