Electronic Arts Inc. (NASDAQ:EA) Receives $165.37 Consensus Target Price from Analysts

Shares of Electronic Arts Inc. (NASDAQ:EA - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-one brokerages that are presently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $165.37.

A number of research firms have commented on EA. UBS Group raised their price target on Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. BNP Paribas raised Electronic Arts to a "strong-buy" rating in a research note on Wednesday, October 9th. Robert W. Baird upped their price target on Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Roth Mkm lifted their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, DZ Bank raised shares of Electronic Arts from a "hold" rating to a "buy" rating and boosted their target price for the stock from $135.00 to $177.00 in a report on Thursday, October 31st.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $146.58, for a total value of $219,870.00. Following the completion of the sale, the executive vice president now directly owns 26,360 shares of the company's stock, valued at $3,863,848.80. The trade was a 5.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,000 shares of company stock valued at $3,086,270. Corporate insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds have recently made changes to their positions in EA. Inspire Trust Co. N.A. grew its position in Electronic Arts by 47.4% during the 3rd quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the game software company's stock worth $2,008,000 after purchasing an additional 4,499 shares during the period. Franklin Resources Inc. grew its holdings in Electronic Arts by 8.4% during the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company's stock worth $124,548,000 after acquiring an additional 66,797 shares during the period. Tidal Investments LLC raised its position in Electronic Arts by 20.6% during the third quarter. Tidal Investments LLC now owns 45,630 shares of the game software company's stock valued at $6,545,000 after acquiring an additional 7,786 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Electronic Arts in the third quarter valued at approximately $428,000. Finally, Sanctuary Advisors LLC lifted its holdings in Electronic Arts by 76.3% in the third quarter. Sanctuary Advisors LLC now owns 10,328 shares of the game software company's stock valued at $1,481,000 after acquiring an additional 4,471 shares during the period. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Performance

Shares of EA stock traded up $1.39 during mid-day trading on Friday, reaching $167.01. 1,651,787 shares of the company's stock traded hands, compared to its average volume of 1,744,879. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $43.80 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. Electronic Arts has a 12 month low of $124.92 and a 12 month high of $168.50. The firm has a 50 day moving average price of $153.97 and a two-hundred day moving average price of $146.48.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.46%. Electronic Arts's dividend payout ratio is currently 19.54%.

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.