Brokerages Set Electronic Arts Inc. (NASDAQ:EA) PT at $165.37

Electronic Arts Inc. (NASDAQ:EA) has earned a consensus rating of “Moderate Buy” from the twenty research firms that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $165.37.

Several equities analysts recently commented on EA shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Argus lifted their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. UBS Group upped their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a report on Wednesday, September 18th.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $144.72, for a total value of $217,080.00. Following the completion of the sale, the executive vice president now owns 24,860 shares in the company, valued at approximately $3,597,739.20. The trade was a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,500 shares of company stock worth $3,639,565. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in Electronic Arts by 4.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,540 shares of the game software company’s stock worth $1,469,000 after purchasing an additional 414 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth about $249,000. Commonwealth Equity Services LLC lifted its holdings in shares of Electronic Arts by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 47,615 shares of the game software company’s stock valued at $6,634,000 after purchasing an additional 2,363 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Electronic Arts by 41.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,721 shares of the game software company’s stock valued at $374,000 after purchasing an additional 793 shares during the period. Finally, Rhumbline Advisers raised its position in Electronic Arts by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 577,731 shares of the game software company’s stock valued at $80,495,000 after purchasing an additional 6,135 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Up 0.3 %

NASDAQ:EA opened at $146.29 on Thursday. The company’s 50-day simple moving average is $157.32 and its 200-day simple moving average is $148.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The stock has a market capitalization of $38.37 billion, a P/E ratio of 37.61, a P/E/G ratio of 2.14 and a beta of 0.80.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

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.