TD Cowen Boosts Electronic Arts (NASDAQ:EA) Price Target to $183.00

Electronic Arts (NASDAQ:EA) had its price target increased by TD Cowen from $163.00 to $183.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the game software company’s stock.

EA has been the topic of several other research reports. Robert W. Baird increased their price target on Electronic Arts from $150.00 to $170.00 and gave the company an outperform rating in a report on Wednesday. Benchmark increased their price target on Electronic Arts from $153.00 to $163.00 and gave the company a buy rating in a report on Wednesday. Bank of America increased their price target on Electronic Arts from $150.00 to $170.00 and gave the company a buy rating in a report on Wednesday. BMO Capital Markets restated an outperform rating and set a $154.00 price target on shares of Electronic Arts in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on Electronic Arts from $148.00 to $155.00 and gave the company a neutral rating in a report on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Electronic Arts has a consensus rating of Moderate Buy and an average price target of $160.16.

Electronic Arts Trading Up 0.3 %

Shares of NASDAQ:EA opened at $148.83 on Wednesday. The stock has a 50 day moving average of $140.16 and a 200 day moving average of $135.97. The company has a market cap of $39.55 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. As a group, equities research analysts expect that Electronic Arts will post 5.76 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Transactions at Electronic Arts

In other news, CAO Eric Charles Kelly sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total value of $401,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,458 shares in the company, valued at $997,507.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Andrew Wilson sold 4,639 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the transaction, the chief executive officer now directly owns 66,747 shares in the company, valued at $8,954,110.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Eric Charles Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total value of $401,250.00. Following the completion of the sale, the chief accounting officer now owns 7,458 shares of the company’s stock, valued at $997,507.50. The disclosure for this sale can be found here. Insiders sold a total of 23,239 shares of company stock worth $3,197,469 over the last three months. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Electronic Arts by 82.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after buying an additional 11,343 shares in the last quarter. FORA Capital LLC grew its holdings in Electronic Arts by 209.7% in the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after buying an additional 31,136 shares in the last quarter. Duality Advisers LP purchased a new stake in Electronic Arts in the 1st quarter valued at $1,711,000. Eaton Financial Holdings Company LLC purchased a new stake in Electronic Arts in the 4th quarter valued at $1,259,000. Finally, Value Partners Investments Inc. grew its holdings in Electronic Arts by 33.5% in the 4th quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after buying an additional 107,709 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other 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.