Electronic Arts (NASDAQ:EA) Price Target Raised to $160.00

Electronic Arts (NASDAQ:EA) had its target price hoisted by UBS Group from $155.00 to $160.00 in a research report report published on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the game software company’s stock.

Several other brokerages have also recently weighed in on EA. Bank of America raised their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Benchmark restated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday. Roth Mkm reaffirmed a “neutral” rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Thursday, September 19th. Raymond James increased their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price target (up from $154.00) on shares of Electronic Arts in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.39.

Electronic Arts Price Performance

EA stock opened at $151.26 on Wednesday. The business’s fifty day moving average price is $144.96 and its 200 day moving average price is $140.19. Electronic Arts has a 12-month low of $124.92 and a 12-month high of $153.51. The company has a market capitalization of $39.96 billion, a PE ratio of 38.88, a P/E/G ratio of 2.04 and a beta of 0.79. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, sell-side analysts anticipate that Electronic Arts will post 5.93 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts’s dividend payout ratio is presently 19.54%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at $1,120,638.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the transaction, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at approximately $1,120,638.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,644 shares of company stock worth $3,491,207. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Several hedge funds have recently modified their holdings of EA. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after purchasing an additional 11,343 shares during the period. FORA Capital LLC lifted its position in shares of Electronic Arts by 209.7% during the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after acquiring an additional 31,136 shares during the period. Duality Advisers LP purchased a new stake in shares of Electronic Arts during the 1st quarter worth approximately $1,711,000. State Board of Administration of Florida Retirement System grew its holdings in shares of Electronic Arts by 13.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after acquiring an additional 41,567 shares during the period. Finally, Vanguard Group Inc. increased its stake in Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

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.