Electronic Arts (NASDAQ:EA) Price Target Cut to $158.00 by Analysts at Robert W. Baird

Electronic Arts (NASDAQ:EA) had its price target reduced by Robert W. Baird from $175.00 to $158.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the game software company’s stock.

A number of other analysts also recently commented on EA. Bank of America downgraded Electronic Arts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $170.00 to $130.00 in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Oppenheimer dropped their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday. UBS Group lifted their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.79.

Electronic Arts Price Performance

Electronic Arts stock opened at $118.58 on Thursday. Electronic Arts has a 1 year low of $115.45 and a 1 year high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a 50 day moving average price of $153.33 and a 200 day moving average price of $148.99. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.88 and a beta of 0.80.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.19 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.64%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insiders Place Their Bets

In other Electronic Arts news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total transaction of $148,180.00. Following the sale, the chief financial officer now directly owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock valued at $3,986,385 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts during the third quarter valued at $36,000. Bruce G. Allen Investments LLC grew its position in shares of Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.