Electronic Arts Inc. (NASDAQ:EA) Given Consensus Rating of “Hold” by Brokerages

Electronic Arts Inc. (NASDAQ:EA) has received an average recommendation of “Hold” from the twenty-three ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nineteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $188.30.

EA has been the subject of a number of research analyst reports. Citigroup decreased their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th.

Electronic Arts Stock Performance

Shares of EA stock opened at $202.01 on Friday. The stock’s 50-day moving average is $201.30 and its two-hundred day moving average is $199.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. Electronic Arts has a 1 year low of $131.15 and a 1 year high of $204.88. The firm has a market cap of $50.55 billion, a price-to-earnings ratio of 75.94, a PEG ratio of 2.40 and a beta of 0.75.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s payout ratio is presently 28.57%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $999,750.00. Following the completion of the sale, the chief executive officer owned 28,858 shares in the company, valued at $5,770,157.10. This represents a 14.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,600 shares of company stock worth $5,553,319 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently made changes to their positions in EA. Ameriflex Group Inc. raised its stake in Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after acquiring an additional 69 shares during the last quarter. MV Capital Management Inc. acquired a new position in shares of Electronic Arts in the fourth quarter valued at approximately $28,000. Oakworth Capital Inc. acquired a new position in shares of Electronic Arts in the third quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after purchasing an additional 95 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth $37,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.