Oppenheimer Issues Pessimistic Forecast for Electronic Arts (NASDAQ:EA) Stock Price

Electronic Arts (NASDAQ:EA) had its price target lowered by Oppenheimer from $170.00 to $165.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the game software company’s stock.

Other equities analysts also recently issued research reports about the stock. Argus lifted their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird upped their target price on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. UBS Group increased their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $159.79.

Electronic Arts Stock Performance

NASDAQ:EA opened at $118.58 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts has a fifty-two week low of $115.45 and a fifty-two week high of $168.50. The company has a 50 day simple moving average of $153.33 and a two-hundred day simple moving average of $148.99. The company has a market capitalization of $31.10 billion, a PE ratio of 30.48, a P/E/G ratio of 1.88 and a beta of 0.80.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is 19.54%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. The trade was a 3.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now directly owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $3,986,385 over the last quarter. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EA. Caprock Group LLC lifted its stake in Electronic Arts by 15.9% in the fourth quarter. Caprock Group LLC now owns 6,178 shares of the game software company’s stock valued at $904,000 after purchasing an additional 847 shares during the last quarter. Cibc World Market Inc. grew its stake in shares of Electronic Arts by 10.3% during the 4th quarter. Cibc World Market Inc. now owns 94,741 shares of the game software company’s stock worth $13,861,000 after acquiring an additional 8,874 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in Electronic Arts in the 4th quarter worth about $636,000. Swedbank AB raised its stake in Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in Electronic Arts by 2.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 124,052 shares of the game software company’s stock valued at $17,615,000 after purchasing an additional 3,138 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

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.