Electronic Arts Inc. (NASDAQ:EA) Receives $161.88 Average Target Price from Brokerages

Electronic Arts Inc. (NASDAQ:EA) has earned an average rating of “Hold” from the twenty-six brokerages that are currently covering the firm, Marketbeat reports. Fifteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $161.88.

EA has been the subject of a number of research analyst reports. Hsbc Global Res upgraded shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Argus set a $170.00 price target on shares of Electronic Arts in a report on Friday, May 16th. BMO Capital Markets dropped their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,729 shares of company stock valued at $4,107,664. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its position in shares of Electronic Arts by 39.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,383 shares of the game software company’s stock worth $2,543,000 after buying an additional 4,884 shares during the period. Brighton Jones LLC raised its stake in shares of Electronic Arts by 9.4% during the 4th quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after purchasing an additional 294 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Electronic Arts in the 4th quarter valued at about $337,000. Foundations Investment Advisors LLC grew its holdings in Electronic Arts by 6.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,632 shares of the game software company’s stock valued at $239,000 after buying an additional 94 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of Electronic Arts by 10.3% during the fourth quarter. Cibc World Market Inc. now owns 94,741 shares of the game software company’s stock worth $13,861,000 after purchasing an additional 8,874 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.2%

Electronic Arts stock opened at $146.24 on Friday. Electronic Arts has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $36.67 billion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a 50 day moving average price of $145.68 and a 200 day moving average price of $144.10.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s payout ratio is 17.92%.

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.