Brokerages Set Electronic Arts Inc. (NASDAQ:EA) PT at $188.30

Electronic Arts Inc. (NASDAQ:EA) has received a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $188.30.

EA has been the subject of a number of research analyst reports. Citigroup decreased their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th.

Electronic Arts Price Performance

Shares of EA stock opened at $203.58 on Friday. Electronic Arts has a 12-month low of $131.15 and a 12-month high of $204.88. The firm has a market capitalization of $50.95 billion, a price-to-earnings ratio of 76.53, a price-to-earnings-growth ratio of 2.43 and a beta of 0.73. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $201.26 and a 200-day moving average of $199.97.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.69, for a total value of $239,628.00. Following the completion of the transaction, the insider owned 29,960 shares in the company, valued at $5,982,712.40. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the sale, the chief executive officer directly owned 38,858 shares of the company’s stock, valued at $7,937,135.08. This represents a 11.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,600 shares of company stock worth $5,553,319 over the last ninety days. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in shares of Electronic Arts by 8.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,643 shares of the game software company’s stock worth $949,000 after buying an additional 346 shares during the period. World Investment Advisors acquired a new stake in Electronic Arts in the 4th quarter valued at approximately $206,000. Corient Private Wealth LLC raised its position in Electronic Arts by 73.2% in the 4th quarter. Corient Private Wealth LLC now owns 45,435 shares of the game software company’s stock valued at $9,284,000 after buying an additional 19,206 shares during the last quarter. Reflection Asset Management bought a new stake in Electronic Arts in the 4th quarter valued at approximately $309,000. Finally, DGS Capital Management LLC lifted its stake in Electronic Arts by 19.0% in the 4th quarter. DGS Capital Management LLC now owns 2,077 shares of the game software company’s stock valued at $424,000 after acquiring an additional 332 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.