Electronic Arts (NASDAQ:EA) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Electronic Arts (NASDAQ:EA) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird dropped their price objective on shares of Electronic Arts from $160.00 to $150.00 and set an outperform rating on the stock in a research note on Wednesday, May 8th. BMO Capital Markets dropped their price target on Electronic Arts from $160.00 to $154.00 and set an outperform rating on the stock in a research report on Thursday, May 9th. Benchmark reiterated a buy rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Oppenheimer reissued an outperform rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Friday, June 21st. Finally, Wedbush reaffirmed an outperform rating and issued a $162.00 price target on shares of Electronic Arts in a research report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has an average rating of Moderate Buy and a consensus price target of $147.50.

Electronic Arts Price Performance

EA stock opened at $139.33 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $132.71 and its two-hundred day moving average price is $134.91. The stock has a market capitalization of $37.02 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.22 and a beta of 0.80. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. As a group, equities analysts predict that Electronic Arts will post 5.72 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, May 29th. Electronic Arts’s dividend payout ratio (DPR) is 16.24%.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $141.01, for a total value of $211,515.00. Following the sale, the chief financial officer now directly owns 10,553 shares in the company, valued at $1,488,078.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $141.01, for a total value of $211,515.00. Following the completion of the transaction, the chief financial officer now owns 10,553 shares of the company’s stock, valued at approximately $1,488,078.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $132.82, for a total value of $106,256.00. Following the sale, the insider now owns 27,083 shares in the company, valued at $3,597,164.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,039 shares of company stock valued at $3,325,484. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EA. North Star Investment Management Corp. lifted its holdings in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares during the period. Redmont Wealth Advisors LLC bought a new position in Electronic Arts during the 1st quarter worth about $27,000. Leith Wheeler Investment Counsel Ltd. increased its position in Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after purchasing an additional 154,989 shares during the period. Finally, Larson Financial Group LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $30,000. Hedge funds and other 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.