Electronic Arts (NASDAQ:EA) Trading Up 3.1%

Shares of Electronic Arts Inc. (NASDAQ:EA) were up 3.1% on Wednesday . The company traded as high as $133.29 and last traded at $132.82. Approximately 515,883 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 2,027,177 shares. The stock had previously closed at $128.85.

Analysts Set New Price Targets

A number of brokerages recently commented on EA. Roth Mkm decreased their price objective on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Oppenheimer restated an “outperform” rating and set a $150.00 target price on shares of Electronic Arts in a research report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets decreased their price objective on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Finally, UBS Group cut their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Electronic Arts Trading Down 0.5 %

The business’s 50-day moving average is $129.52 and its two-hundred day moving average is $134.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.33. The firm has a market cap of $35.93 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.15 and a beta of 0.78.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.57%. Electronic Arts’s payout ratio is presently 16.24%.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 4,639 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total value of $622,321.85. Following the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the completion of the sale, the insider now directly owns 27,883 shares of the company’s stock, valued at approximately $3,877,967.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total value of $622,321.85. Following the transaction, the chief executive officer now owns 66,747 shares in the company, valued at approximately $8,954,110.05. The disclosure for this sale can be found here. Insiders have sold 26,539 shares of company stock valued at $3,532,914 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Electronic Arts

A number of institutional investors have recently bought and sold shares of EA. North Star Investment Management Corp. raised its holdings in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after buying an additional 101 shares during the period. Redmont Wealth Advisors LLC bought a new stake in shares of Electronic Arts during the 1st quarter worth approximately $27,000. Leith Wheeler Investment Counsel Ltd. increased its stake in Electronic Arts by 269.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in Electronic Arts during the fourth quarter valued at approximately $30,000. 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.