Electronic Arts’ (EA) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Electronic Arts (NASDAQ:EA) in a research report released on Wednesday morning, Benzinga reports. The firm currently has a $150.00 target price on the game software company’s stock.

EA has been the subject of several other reports. Roth Mkm boosted their target price on Electronic Arts from $135.00 to $152.00 and gave the stock a neutral rating in a research note on Monday, July 29th. Bank of America boosted their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Robert W. Baird raised their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the company an outperform rating in a report on Wednesday, July 31st. The Goldman Sachs Group lifted their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a neutral rating in a research note on Wednesday, July 31st. Finally, UBS Group increased their price objective on shares of Electronic Arts from $143.00 to $155.00 and gave the company a neutral rating in a research report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of Moderate Buy and an average price target of $161.94.

Electronic Arts Stock Down 0.8 %

NASDAQ:EA opened at $139.55 on Wednesday. Electronic Arts has a 52 week low of $117.47 and a 52 week high of $153.51. The stock’s fifty day moving average is $146.15 and its two-hundred day moving average is $137.71. The stock has a market capitalization of $37.08 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Research analysts anticipate that Electronic Arts will post 5.89 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now owns 38,574 shares in the company, valued at approximately $5,389,173.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $144.86, for a total value of $144,860.00. Following the transaction, the executive vice president now directly owns 29,317 shares in the company, valued at approximately $4,246,860.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the sale, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,570 shares of company stock worth $4,183,508. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. raised its stake in shares of 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 in the last quarter. Grove Bank & Trust lifted its holdings 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 acquiring an additional 94 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Electronic Arts by 4.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after acquiring an additional 97 shares during the period. Claro Advisors LLC boosted its position in shares of Electronic Arts by 5.6% during the 1st quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock worth $250,000 after purchasing an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Electronic Arts by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,909 shares of the game software company’s stock worth $2,913,000 after purchasing an additional 100 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

About Electronic Arts

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.