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

Electronic Arts Inc. (NASDAQ:EA) has received an average recommendation of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $165.37.

EA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. decreased their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

Electronic Arts Stock Down 3.1 %

Shares of NASDAQ EA opened at $157.62 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $156.02 and a 200-day moving average of $147.49. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.14 and a beta of 0.79. Electronic Arts has a 12 month low of $124.92 and a 12 month high of $168.50.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.48%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the sale, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $3,086,270 over the last quarter. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EA. Huntington National Bank boosted its holdings in Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after acquiring an additional 234,098 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of Electronic Arts in the 3rd quarter worth about $5,597,000. Dai ichi Life Insurance Company Ltd boosted its stake in Electronic Arts by 20.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after purchasing an additional 11,058 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in Electronic Arts during the 3rd quarter valued at about $950,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Electronic Arts by 5.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock valued at $12,078,000 after purchasing an additional 4,702 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other 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.