Electronic Arts (NASDAQ:EA) Price Target Cut to $142.00 by Analysts at BMO Capital Markets

Electronic Arts (NASDAQ:EA) had its target price decreased by BMO Capital Markets from $145.00 to $142.00 in a report released on Wednesday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the game software company’s stock.

A number of other equities analysts also recently issued reports on the company. Citigroup cut their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research note on Tuesday. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Bank of America lifted their target price on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday. Roth Mkm cut their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $155.24.

Electronic Arts Trading Up 7.6 %

Shares of Electronic Arts stock opened at $130.47 on Wednesday. The stock has a 50 day moving average price of $145.31 and a two-hundred day moving average price of $147.54. Electronic Arts has a 52 week low of $115.21 and a 52 week high of $168.50. 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 stock has a market capitalization of $34.22 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. As a group, equities analysts anticipate that Electronic Arts will post 5.02 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. The trade was a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares of the company’s stock, valued at approximately $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock valued at $3,562,510 in the last 90 days. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC boosted its holdings in Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after purchasing an additional 989,319 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after buying an additional 373,730 shares during the period. abrdn plc boosted its stake in Electronic Arts by 59.2% during the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after buying an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after acquiring an additional 314,388 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after acquiring an additional 234,098 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

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.