Citigroup Cuts Electronic Arts (NASDAQ:EA) Price Target to $139.00

Electronic Arts (NASDAQ:EA) had its target price trimmed by Citigroup from $163.00 to $139.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the game software company’s stock.

Several other analysts also recently commented on the stock. Robert W. Baird lowered their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. UBS Group boosted their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Bank of America downgraded Electronic Arts from a “buy” rating to a “neutral” rating and decreased their price target for the company from $170.00 to $130.00 in a research report on Thursday, January 23rd. Finally, BNP Paribas lowered Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $155.24.

Electronic Arts Trading Up 1.2 %

NASDAQ:EA opened at $132.00 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts has a one year low of $115.21 and a one year high of $168.50. The company has a market cap of $34.62 billion, a PE ratio of 33.93, a PEG ratio of 2.50 and a beta of 0.79. The firm has a 50-day moving average of $144.69 and a 200-day moving average of $147.43.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. As a group, equities research analysts expect that Electronic Arts will post 5.02 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total value of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares of the company’s stock, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the transaction, the executive vice president now directly owns 23,360 shares in the company, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock valued at $3,562,510 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC raised its position in shares of Electronic Arts by 353.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after buying an additional 989,319 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after acquiring an additional 373,730 shares during the last quarter. abrdn plc raised its position in Electronic Arts by 59.2% during the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after purchasing an additional 319,335 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after purchasing an additional 314,388 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Electronic Arts in the 4th quarter worth about $34,334,000. 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.