Electronic Arts (NASDAQ:EA) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Electronic Arts (NASDAQ:EA) in a research report released on Wednesday morning, Marketbeat.com reports. The firm currently has a $167.00 price objective on the game software company’s stock.

A number of other research firms have also weighed in on EA. Robert W. Baird boosted their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Argus boosted their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. Benchmark reiterated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, Roth Mkm increased their target price on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.37.

Electronic Arts Price Performance

EA stock traded down $0.26 during trading on Wednesday, hitting $149.66. The stock had a trading volume of 522,449 shares, compared to its average volume of 2,054,906. The stock has a market cap of $39.25 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company’s 50 day moving average price is $156.64 and its two-hundred day moving average price is $147.94. Electronic Arts has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Insiders Place Their Bets

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the sale, the executive vice president now owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 29,190 shares of the company’s stock, valued at approximately $4,181,175.60. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $3,100,805 in the last 90 days. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Electronic Arts by 18.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,419 shares of the game software company’s stock worth $1,173,000 after acquiring an additional 1,294 shares during the period. Raymond James & Associates increased its stake in shares of Electronic Arts by 61.9% in the second quarter. Raymond James & Associates now owns 116,919 shares of the game software company’s stock valued at $16,290,000 after purchasing an additional 44,721 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Electronic Arts during the second quarter valued at approximately $285,000. Atria Wealth Solutions Inc. boosted its position in shares of Electronic Arts by 3.4% during the second quarter. Atria Wealth Solutions Inc. now owns 7,088 shares of the game software company’s stock worth $988,000 after buying an additional 233 shares during the period. Finally, &PARTNERS bought a new position in Electronic Arts in the 2nd quarter worth approximately $287,000. 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.