Electronic Arts (NASDAQ:EA) Price Target Raised to $160.00

Electronic Arts (NASDAQ:EA) had its price target hoisted by Ascendiant Capital Markets from $157.00 to $160.00 in a research report sent to investors on Monday, Marketbeat.com reports. The brokerage currently has a buy rating on the game software company’s stock.

Several other equities analysts also recently commented on the company. Roth Mkm dropped their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. DA Davidson started coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 target price on the stock. Stifel Nicolaus dropped their target price on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Argus increased their target price on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Wedbush restated an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $154.78.

Electronic Arts Stock Performance

EA stock opened at $134.05 on Monday. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $134.07 and a 200-day moving average of $145.39. The firm has a market cap of $34.94 billion, a PE ratio of 34.11, a P/E/G ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts expect that Electronic Arts will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.57%. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Activity at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the transaction, the executive vice president now owns 24,886 shares in the company, valued at approximately $3,888,935.22. The trade was a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $148.18, for a total value of $148,180.00. Following the completion of the transaction, the chief financial officer now owns 8,750 shares in the company, valued at approximately $1,296,575. This represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,500 shares of company stock valued at $3,428,645 over the last 90 days. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EA. Swedbank AB boosted its position in Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in Electronic Arts during the 4th quarter valued at approximately $217,000. Huntington National Bank boosted its position in Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after acquiring an additional 234,098 shares in the last quarter. Fisher Funds Management LTD bought a new stake in Electronic Arts during the 4th quarter valued at approximately $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Electronic Arts during the 4th quarter valued at approximately $13,845,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.