Electronic Arts Inc. (NASDAQ:EA) Receives Average Rating of “Hold” from Brokerages

Electronic Arts Inc. (NASDAQ:EA) has been assigned a consensus recommendation of “Hold” from the twenty-six brokerages that are currently covering the stock, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $161.88.

Several research analysts have issued reports on EA shares. HSBC raised Electronic Arts from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, May 7th. Hsbc Global Res raised Electronic Arts from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. Morgan Stanley lifted their price objective on Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. Roth Capital reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, May 7th. Finally, UBS Group lifted their price objective on Electronic Arts from $152.00 to $167.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th.

Electronic Arts Trading Up 1.1%

Electronic Arts stock opened at $149.57 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts has a one year low of $115.21 and a one year high of $168.50. The stock has a market capitalization of $37.51 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. The business’s fifty day moving average is $145.91 and its 200 day moving average is $143.75.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, May 28th. Electronic Arts’s dividend payout ratio is 17.92%.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at approximately $4,647,637.50. The trade was a 13.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now directly owns 26,216 shares of the company’s stock, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,729 shares of company stock worth $4,107,664. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Financial Management Professionals Inc. increased its holdings in shares of Electronic Arts by 15.0% in the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock valued at $81,000 after purchasing an additional 73 shares during the period. Bank of Jackson Hole Trust increased its holdings in shares of Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after purchasing an additional 75 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of Electronic Arts by 34.2% in the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock valued at $43,000 after purchasing an additional 76 shares during the period. Clarius Group LLC increased its holdings in shares of Electronic Arts by 3.6% in the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company’s stock valued at $319,000 after purchasing an additional 77 shares during the period. Finally, Intrust Bank NA increased its holdings in shares of Electronic Arts by 3.3% in the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock valued at $362,000 after purchasing an additional 78 shares during the period. 90.23% of the stock is 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.