Brokerages Set Electronic Arts Inc. (NASDAQ:EA) PT at $161.28

Electronic Arts Inc. (NASDAQ:EA) has been assigned a consensus rating of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $161.28.

Several research firms have issued reports on EA. BMO Capital Markets restated an “outperform” rating and set a $154.00 target price on shares of Electronic Arts in a research note on Tuesday, July 30th. Jefferies Financial Group began coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price on the stock. Wedbush boosted their target price on shares of Electronic Arts from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price target on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group upped their price objective on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

Electronic Arts Stock Up 1.0 %

Shares of Electronic Arts stock opened at $151.82 on Friday. The company has a 50-day simple moving average of $144.97 and a two-hundred day simple moving average of $137.33. The stock has a market capitalization of $40.11 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. Electronic Arts has a 52-week low of $117.47 and a 52-week high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45.

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Wednesday, August 28th. Electronic Arts’s payout ratio is 16.24%.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on 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 SEC, which can be accessed through this link. In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total value of $223,980.00. Following the transaction, the executive vice president now owns 27,860 shares of the company’s stock, valued at approximately $4,160,055.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The disclosure for this sale can be found here. Insiders have sold a total of 26,070 shares of company stock worth $3,811,938 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Institutional investors and hedge funds have recently bought and sold shares of the company. North Star Investment Management Corp. increased its position in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Cape Investment Advisory Inc. boosted its stake in shares of Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Electronic Arts during the first quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in Electronic Arts during the second quarter valued at approximately $28,000. Finally, Private Wealth Management Group LLC bought a new position in Electronic Arts in the fourth quarter worth approximately $31,000. 90.23% of the stock is owned by 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.