Electronic Arts Inc. (NASDAQ:EA) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Electronic Arts Inc. (NASDAQ:EA - Get Free Report) have received an average rating of "Hold" from the twenty-three ratings firms that are presently covering the stock, Marketbeat.com reports. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $154.78.

A number of research firms recently commented on EA. DA Davidson initiated coverage on shares of Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 target price for the company. BMO Capital Markets lowered their price objective on Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Oppenheimer reduced their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their price target on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Finally, Robert W. Baird cut their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd.

Electronic Arts Stock Up 0.7 %

Electronic Arts stock traded up $1.05 during mid-day trading on Tuesday, reaching $144.30. 3,505,284 shares of the company were exchanged, compared to its average volume of 2,406,976. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The business has a fifty day moving average of $132.69 and a 200 day moving average of $144.70. The firm has a market cap of $37.61 billion, a P/E ratio of 36.72, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

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Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Research analysts anticipate that Electronic Arts will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. Electronic Arts's payout ratio is 19.34%.

Insider Transactions at Electronic Arts

In other news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $130.11, for a total transaction of $130,110.00. Following the transaction, the chief financial officer now owns 9,516 shares in the company, valued at $1,238,126.76. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the sale, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $2,454,240 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors have recently bought and sold shares of the company. Prime Capital Investment Advisors LLC boosted its stake in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company's stock worth $225,000 after acquiring an additional 76 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Electronic Arts by 28.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,403 shares of the game software company's stock valued at $775,000 after purchasing an additional 1,200 shares in the last quarter. Natixis Advisors LLC boosted its stake in Electronic Arts by 16.0% during the 3rd quarter. Natixis Advisors LLC now owns 263,298 shares of the game software company's stock worth $37,768,000 after purchasing an additional 36,262 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Electronic Arts by 4.9% during the third quarter. Thrivent Financial for Lutherans now owns 62,486 shares of the game software company's stock worth $8,963,000 after buying an additional 2,898 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Electronic Arts by 9,077.4% during the third quarter. Quest Partners LLC now owns 15,051 shares of the game software company's stock worth $2,159,000 after buying an additional 14,887 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.