Electronic Arts (NASDAQ:EA) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Electronic Arts (NASDAQ:EA) in a report released on Wednesday morning, MarketBeat.com reports. They currently have a $167.00 price objective on the game software company’s stock.

EA has been the subject of a number of other research reports. UBS Group increased their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Argus raised their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Stock Down 0.1 %

EA opened at $147.80 on Wednesday. Electronic Arts has a 12 month low of $124.92 and a 12 month high of $168.50. The stock has a market cap of $38.76 billion, a P/E ratio of 37.99, a P/E/G ratio of 2.14 and a beta of 0.79. The stock’s 50 day moving average price is $156.76 and its 200 day moving average price is $147.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now directly owns 29,190 shares of the company’s stock, valued at $4,181,175.60. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now directly owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock worth $3,840,805. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. raised its position in shares of Electronic Arts by 43.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after purchasing an additional 420,382 shares during the period. National Bank of Canada FI lifted its position in Electronic Arts by 214.8% during the 2nd quarter. National Bank of Canada FI now owns 533,548 shares of the game software company’s stock worth $73,264,000 after acquiring an additional 364,044 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after acquiring an additional 354,005 shares during the last quarter. abrdn plc grew its position in shares of Electronic Arts by 59.2% in the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after purchasing an additional 319,335 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Electronic Arts by 8,503.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after purchasing an additional 314,388 shares during the period. 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.