Electronic Arts (NASDAQ:EA) Price Target Raised to $152.00

Electronic Arts (NASDAQ:EA) had its price target increased by UBS Group from $138.00 to $152.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the game software company’s stock.

Several other research firms also recently weighed in on EA. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Friday, January 31st. Ascendiant Capital Markets increased their price objective on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Citigroup reduced their price objective on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, DA Davidson initiated coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price for the company. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $155.30.

Electronic Arts Price Performance

NASDAQ:EA opened at $135.34 on Thursday. The firm has a market capitalization of $35.27 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The business has a 50 day simple moving average of $134.10 and a 200-day simple moving average of $144.57. Electronic Arts has a 1 year low of $115.21 and a 1 year high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities analysts forecast that Electronic Arts will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 annualized dividend and a yield of 0.56%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now directly owns 28,216 shares of the company’s stock, valued at $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,000 shares of company stock worth $3,015,990. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moody National Bank Trust Division boosted its holdings in shares of Electronic Arts by 2.8% in the 1st quarter. Moody National Bank Trust Division now owns 5,306 shares of the game software company’s stock valued at $767,000 after acquiring an additional 143 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Electronic Arts by 299.1% in the first quarter. Versant Capital Management Inc now owns 1,872 shares of the game software company’s stock valued at $271,000 after purchasing an additional 1,403 shares during the last quarter. Jacobs & Co. CA grew its position in Electronic Arts by 1.2% during the 1st quarter. Jacobs & Co. CA now owns 59,117 shares of the game software company’s stock worth $8,543,000 after purchasing an additional 681 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Electronic Arts by 4.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company’s stock valued at $282,000 after buying an additional 84 shares during the last quarter. Finally, DSG Capital Advisors LLC purchased a new position in shares of Electronic Arts during the 4th quarter valued at about $677,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.