Analysts Set Electronic Arts Inc. (NASDAQ:EA) PT at $147.00

Shares of Electronic Arts Inc. (NASDAQ:EA) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $147.00.

EA has been the subject of a number of recent research reports. BMO Capital Markets decreased their price objective on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Benchmark reiterated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Roth Mkm dropped their price target on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. StockNews.com lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Friday.

Electronic Arts Trading Up 0.9 %

NASDAQ EA opened at $139.06 on Friday. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $36.95 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.20 and a beta of 0.80. The firm’s fifty day simple moving average is $131.34 and its 200-day simple moving average is $134.82.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. As a group, sell-side analysts anticipate that Electronic Arts will post 5.7 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were paid a $0.19 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.55%. Electronic Arts’s payout ratio is presently 16.24%.

Insider Buying and Selling at Electronic Arts

In other news, CAO Eric Charles Kelly sold 3,000 shares of Electronic Arts stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the transaction, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at $997,507.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the sale, the insider now directly owns 39,374 shares in the company, valued at approximately $5,232,017.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Eric Charles Kelly sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total transaction of $401,250.00. Following the transaction, the chief accounting officer now owns 7,458 shares in the company, valued at $997,507.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,539 shares of company stock valued at $3,089,969. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EA. Kestra Advisory Services LLC boosted its holdings in shares of Electronic Arts by 28.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 11,485 shares of the game software company’s stock worth $1,383,000 after buying an additional 2,573 shares during the period. Rafferty Asset Management LLC boosted its holdings in Electronic Arts by 21.1% in the 3rd quarter. Rafferty Asset Management LLC now owns 88,355 shares of the game software company’s stock valued at $10,638,000 after purchasing an additional 15,407 shares during the period. Korea Investment CORP boosted its holdings in Electronic Arts by 29.9% in the 3rd quarter. Korea Investment CORP now owns 339,034 shares of the game software company’s stock valued at $40,820,000 after purchasing an additional 77,994 shares during the period. QRG Capital Management Inc. bought a new stake in Electronic Arts in the 3rd quarter valued at about $3,469,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Electronic Arts in the 3rd quarter valued at about $3,591,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.