Electronic Arts Inc. (NASDAQ:EA) Receives Average Rating of “Moderate Buy” from Brokerages

Electronic Arts Inc. (NASDAQ:EA) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $161.94.

Several equities analysts have issued reports on EA shares. UBS Group lifted their price objective on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $154.00 price objective on shares of Electronic Arts in a research report on Tuesday, July 30th. Stifel Nicolaus lifted their price objective on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group started coverage on Electronic Arts in a research report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Benchmark reiterated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th.

Electronic Arts Price Performance

Electronic Arts stock opened at $144.65 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $38.44 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.91 and a beta of 0.79. Electronic Arts has a one year low of $117.70 and a one year high of $153.51. The business has a 50 day simple moving average of $145.89 and a 200 day simple moving average of $137.95.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, sell-side analysts forecast that Electronic Arts will post 5.93 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares in the company, valued at $5,389,173.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the transaction, the executive vice president now owns 26,360 shares of the company’s stock, valued at $3,863,848.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the transaction, the insider now directly owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Insiders sold a total of 24,570 shares of company stock valued at $3,621,343 over the last three months. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares in the last quarter. Swedbank AB bought a new stake in shares of Electronic Arts in the first quarter worth $201,935,000. Jericho Capital Asset Management L.P. bought a new stake in shares of Electronic Arts in the first quarter worth $189,055,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter worth $188,159,000. Institutional investors own 90.23% of the company’s stock.

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.