Electronic Arts Inc. (NASDAQ:EA) Receives $196.64 Average PT from Brokerages

Shares of Electronic Arts Inc. (NASDAQ:EA) have earned a consensus rating of “Hold” from the twenty analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $196.6429.

Several research analysts have commented on EA shares. Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Citigroup upped their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the transaction, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the transaction, the chief executive officer owned 80,974 shares in the company, valued at approximately $16,447,438.88. This represents a 5.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,906 shares of company stock valued at $8,060,033 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Electronic Arts

Several hedge funds and other institutional investors have recently modified their holdings of EA. Tema ETFs LLC grew its stake in Electronic Arts by 8.5% in the second quarter. Tema ETFs LLC now owns 3,687 shares of the game software company’s stock valued at $756,000 after purchasing an additional 290 shares in the last quarter. Torren Management LLC raised its stake in shares of Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. Everpar Advisors LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter worth about $381,000. Affinity Capital Advisors LLC lifted its holdings in shares of Electronic Arts by 8.9% during the 2nd quarter. Affinity Capital Advisors LLC now owns 1,160 shares of the game software company’s stock valued at $238,000 after buying an additional 95 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of Electronic Arts by 267.6% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,010 shares of the game software company’s stock valued at $1,642,000 after buying an additional 5,831 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $206.41 on Monday. Electronic Arts has a 12 month low of $146.97 and a 12 month high of $206.63. The company has a market cap of $51.76 billion, a price-to-earnings ratio of 59.14, a P/E/G ratio of 2.31 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $202.76 and a 200-day simple moving average of $202.53.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were given 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, May 27th. Electronic Arts’s dividend payout ratio is 21.78%.

Electronic Arts Company Profile

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.