Electronic Arts Inc. (NASDAQ:EA) Receives $188.30 Consensus Price Target from Analysts

Shares of Electronic Arts Inc. (NASDAQ:EA) have been given an average rating of “Hold” by the twenty-three brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $188.30.

Several analysts have weighed in on EA shares. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Citigroup reduced their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total transaction of $997,500.00. Following the transaction, the chief executive officer owned 33,858 shares in the company, valued at $6,754,671. This represents a 12.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $200.63, for a total transaction of $240,756.00. Following the sale, the insider directly owned 31,160 shares in the company, valued at approximately $6,251,630.80. This represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,600 shares of company stock valued at $5,589,823. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently modified their holdings of the stock. Ameriflex Group Inc. raised its position in Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. MV Capital Management Inc. bought a new position in Electronic Arts in the 4th quarter valued at $28,000. MTM Investment Management LLC acquired a new stake in shares of Electronic Arts in the 2nd quarter valued at $30,000. Oakworth Capital Inc. bought a new stake in shares of Electronic Arts during the third quarter worth $30,000. Finally, NewSquare Capital LLC raised its holdings in Electronic Arts by 67.5% during the 2nd quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Stock Down 1.4%

Shares of NASDAQ:EA opened at $198.00 on Tuesday. The company’s fifty day moving average is $202.42 and its 200-day moving average is $196.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. Electronic Arts has a 52 week low of $131.15 and a 52 week high of $204.88. The company has a market capitalization of $49.55 billion, a PE ratio of 74.44, a P/E/G ratio of 2.36 and a beta of 0.75.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, February 25th. Electronic Arts’s dividend payout ratio is presently 28.57%.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.