Stifel Nicolaus Issues Pessimistic Forecast for Electronic Arts (NASDAQ:EA) Stock Price

Electronic Arts (NASDAQ:EA) had its price objective lowered by Stifel Nicolaus from $167.00 to $159.00 in a research note released on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the game software company’s stock.

A number of other analysts have also recently commented on EA. Wedbush restated an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. Argus raised their target price 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. Robert W. Baird upped their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Roth Mkm raised their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.79.

Electronic Arts Trading Down 16.7 %

NASDAQ:EA opened at $118.58 on Tuesday. Electronic Arts has a one year low of $115.45 and a one year high of $168.50. The business has a fifty day moving average price of $153.33 and a 200-day moving average price of $148.99. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.64%. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares in the company, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock worth $3,986,385 in the last three months. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EA. Geode Capital Management LLC raised its holdings in shares of Electronic Arts by 0.4% in the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after buying an additional 26,505 shares during the period. Legal & General Group Plc increased its stake in Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock worth $367,789,000 after purchasing an additional 53,800 shares during the period. Swedbank AB lifted its position in shares of Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after purchasing an additional 95,190 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Electronic Arts by 43.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after purchasing an additional 420,382 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of 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 worth $160,893,000 after purchasing an additional 373,730 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.