Electronic Arts Inc. (NASDAQ:EA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Electronic Arts Inc. (NASDAQ:EA) has earned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $147.00.

A number of brokerages have recently issued reports on EA. Benchmark reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Wedbush reissued an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday, May 8th. Robert W. Baird dropped their target price on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. UBS Group dropped their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th.

Electronic Arts Price Performance

Electronic Arts stock opened at $139.06 on Friday. The firm has a 50-day moving average price of $131.34 and a 200-day moving average price of $134.82. The firm 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 company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $144.53.

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). Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.78 billion. As a group, equities research analysts forecast that Electronic Arts will post 5.7 EPS for the current year.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s dividend payout ratio is currently 16.24%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the transaction, the chief executive officer now directly owns 66,747 shares in the company, valued at $8,954,110.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the transaction, the chief executive officer now directly owns 66,747 shares in the company, valued at $8,954,110.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Eric Charles Kelly sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total transaction of $401,250.00. Following the sale, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The disclosure for this sale can be found here. Insiders sold a total of 23,539 shares of company stock worth $3,089,969 in the last three months. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds have recently modified their holdings of EA. Jennison Associates LLC lifted its position in shares of Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock worth $867,000 after purchasing an additional 84 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its stake in Electronic Arts by 0.3% in the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company’s stock valued at $3,261,000 after purchasing an additional 87 shares during the last quarter. Mirador Capital Partners LP grew its position in shares of Electronic Arts by 2.9% during the fourth quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company’s stock worth $447,000 after acquiring an additional 91 shares during the last quarter. Whittier Trust Co. grew its position in shares of Electronic Arts by 4.1% during the fourth quarter. Whittier Trust Co. now owns 2,355 shares of the game software company’s stock worth $322,000 after acquiring an additional 93 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Electronic Arts by 7.5% during the third quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the game software company’s stock worth $164,000 after acquiring an additional 95 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.