Electronic Arts (NASDAQ:EA) Price Target Raised to $167.00
by Kim Johansen · The Markets DailyElectronic Arts (NASDAQ:EA – Free Report) had its price objective increased by UBS Group from $152.00 to $167.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have a neutral rating on the game software company’s stock.
EA has been the topic of a number of other research reports. Moffett Nathanson restated a “neutral” rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday. Oppenheimer increased their target price on Electronic Arts from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. TD Cowen upped their price target on Electronic Arts from $160.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets cut their target price on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $161.63.
Check Out Our Latest Stock Analysis on Electronic Arts
Electronic Arts Stock Up 0.6 %
Electronic Arts stock opened at $155.50 on Wednesday. The stock has a market cap of $40.53 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a fifty day moving average of $142.40 and a 200 day moving average of $144.78. Electronic Arts has a one year low of $115.21 and a one year high of $168.50.
Electronic Arts (NASDAQ:EA – Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, sell-side analysts predict that Electronic Arts will post 4.71 EPS for the current year.
Electronic Arts Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.49%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.
Insider Activity
In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total value of $218,475.00. Following the transaction, the executive vice president now directly owns 19,033 shares of the company’s stock, valued at $2,772,156.45. This trade represents a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the completion of the sale, the chief executive officer now owns 37,615 shares of the company’s stock, valued at $4,895,216.10. This trade represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock worth $2,729,195 over the last 90 days. 0.22% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Electronic Arts
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EA. Capital International Investors raised its holdings in shares of Electronic Arts by 5.2% during the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock worth $1,778,553,000 after acquiring an additional 605,796 shares during the period. Geode Capital Management LLC increased its position in Electronic Arts by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock worth $978,650,000 after purchasing an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Electronic Arts by 6.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock worth $648,169,000 after purchasing an additional 270,991 shares during the period. Northern Trust Corp raised its stake in Electronic Arts by 12.4% during the fourth quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company’s stock worth $476,540,000 after purchasing an additional 360,563 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Electronic Arts by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company’s stock valued at $472,362,000 after buying an additional 120,632 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.
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.
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