Brokerages Set Electronic Arts Inc. (NASDAQ:EA) PT at $154.22

Electronic Arts Inc. (NASDAQ:EA) has earned an average recommendation of “Hold” from the twenty-six brokerages that are currently covering the firm, MarketBeat reports. Fifteen analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $161.83.

EA has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. Robert W. Baird set a $168.00 price target on Electronic Arts in a research note on Wednesday. Hsbc Global Res raised shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Citigroup dropped their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, DA Davidson initiated coverage on shares of Electronic Arts in a report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 price target for the company.

Insider Transactions at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total transaction of $388,925.00. Following the transaction, the insider now owns 40,189 shares in the company, valued at $6,252,202.73. This trade represents a 5.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the sale, the chief executive officer now directly owns 37,615 shares of the company’s stock, valued at approximately $4,895,216.10. The trade was a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $3,118,120 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in Electronic Arts by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock worth $124,548,000 after buying an additional 66,797 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Electronic Arts by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 169,083 shares of the game software company’s stock worth $24,845,000 after acquiring an additional 9,580 shares during the last quarter. First Hawaiian Bank acquired a new position in Electronic Arts in the 4th quarter valued at $494,000. Czech National Bank raised its stake in Electronic Arts by 5.7% in the 4th quarter. Czech National Bank now owns 51,749 shares of the game software company’s stock valued at $7,571,000 after purchasing an additional 2,773 shares during the last quarter. Finally, Aprio Wealth Management LLC purchased a new position in Electronic Arts in the 4th quarter valued at $216,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Down 1.5 %

NASDAQ EA opened at $153.30 on Wednesday. Electronic Arts has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a 50 day moving average price of $143.36 and a 200 day moving average price of $144.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $39.95 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

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%. As a group, sell-side analysts forecast that Electronic Arts will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts’s payout ratio is 19.34%.

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.