Analysts Set Electronic Arts Inc. (NASDAQ:EA) Target Price at $165.37

Shares of Electronic Arts Inc. (NASDAQ:EA) have been given a consensus rating of “Moderate Buy” by the twenty analysts that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $165.37.

Several research firms recently issued reports on EA. Wedbush reissued an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a report on Friday, October 25th. Robert W. Baird upped their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their price target on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th.

Electronic Arts Stock Down 0.3 %

EA opened at $144.20 on Thursday. The stock has a market capitalization of $37.82 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.06 and a beta of 0.79. Electronic Arts has a one year low of $124.92 and a one year high of $168.50. The business’s 50-day simple moving average is $157.23 and its 200-day simple moving average is $149.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is currently 19.54%.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now owns 51,747 shares in the company, valued at approximately $7,548,334.89. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,500 shares of company stock valued at $3,639,565. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. 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 purchasing an additional 234,098 shares in the last quarter. Dai ichi Life Insurance Company Ltd grew its position in Electronic Arts by 20.8% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after buying an additional 11,058 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Electronic Arts by 5.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock valued at $12,078,000 after buying an additional 4,702 shares in the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Electronic Arts during the 3rd quarter worth $5,597,000. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Electronic Arts during the 3rd quarter worth $950,000. 90.23% of the stock is currently owned by institutional investors.

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.