Electronic Arts (NASDAQ:EA) Price Target Raised to $155.00

Electronic Arts (NASDAQ:EA) had its price objective hoisted by UBS Group from $143.00 to $155.00 in a report issued on Wednesday, Benzinga reports. They currently have a neutral rating on the game software company’s stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a neutral rating in a report on Monday, July 15th. Benchmark reiterated a buy rating and issued a $153.00 price objective on shares of Electronic Arts in a report on Thursday, July 18th. BMO Capital Markets reiterated an outperform rating and issued a $154.00 price objective on shares of Electronic Arts in a report on Tuesday. Wedbush reiterated an outperform rating and issued a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, May 8th. Finally, Jefferies Financial Group began coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a buy rating and a $165.00 price objective for the company. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has an average rating of Moderate Buy and a consensus target price of $160.16.

Electronic Arts Trading Up 0.3 %

Electronic Arts stock opened at $148.83 on Wednesday. The company’s fifty day simple moving average is $140.16 and its 200-day simple moving average is $135.98. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12 month low of $117.47 and a 12 month high of $153.51. The stock has a market cap of $39.55 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.36 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a net margin of 15.77% and a return on equity of 16.26%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. As a group, sell-side analysts forecast that Electronic Arts will post 5.76 EPS for the current fiscal year.

Electronic Arts Announces Dividend

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

Insider Activity

In related news, CAO Eric Charles Kelly sold 3,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total value of $401,250.00. Following the completion of the transaction, the chief accounting officer now owns 7,458 shares of the company’s stock, valued at $997,507.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $142.42, for a total value of $356,050.00. Following the completion of the transaction, the chief executive officer now owns 59,247 shares of the company’s stock, valued at $8,437,957.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric Charles Kelly sold 3,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total transaction of $401,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,239 shares of company stock valued at $3,197,469. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Capital International Investors grew its stake in shares of Electronic Arts by 16.4% during the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock valued at $782,920,000 after purchasing an additional 833,492 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Electronic Arts by 1.3% during the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock valued at $596,825,000 after purchasing an additional 53,237 shares during the last quarter. FIL Ltd grew its stake in shares of Electronic Arts by 4.4% during the fourth quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after purchasing an additional 145,466 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock valued at $333,169,000 after purchasing an additional 2,090,504 shares during the last quarter. Institutional investors and hedge funds 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.