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

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

A number of research firms have weighed in on EA. UBS Group boosted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. Benchmark reissued a "buy" rating and issued a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, TD Cowen boosted their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at $8,448,493.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at approximately $8,448,493.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the sale, the insider now owns 28,190 shares of the company's stock, valued at $4,251,897.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,144 shares of company stock worth $3,886,282 over the last three months. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its stake in Electronic Arts by 23.7% during the first quarter. Empowered Funds LLC now owns 9,631 shares of the game software company's stock valued at $1,278,000 after purchasing an additional 1,844 shares in the last quarter. Sei Investments Co. raised its stake in Electronic Arts by 17.0% during the first quarter. Sei Investments Co. now owns 130,988 shares of the game software company's stock valued at $17,379,000 after purchasing an additional 18,985 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in Electronic Arts by 5.9% during the first quarter. Meeder Advisory Services Inc. now owns 1,925 shares of the game software company's stock valued at $255,000 after purchasing an additional 108 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Electronic Arts by 6.9% during the first quarter. Avantax Advisory Services Inc. now owns 3,408 shares of the game software company's stock valued at $452,000 after purchasing an additional 220 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in Electronic Arts by 7.1% during the first quarter. Bleakley Financial Group LLC now owns 13,166 shares of the game software company's stock valued at $1,747,000 after acquiring an additional 868 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

Electronic Arts Stock Down 0.1 %

Shares of NASDAQ EA traded down $0.15 during mid-day trading on Wednesday, reaching $162.72. 2,320,243 shares of the company's stock traded hands, compared to its average volume of 2,057,564. The stock has a market cap of $42.68 billion, a P/E ratio of 41.83, a PEG ratio of 2.13 and a beta of 0.78. The business has a 50-day simple moving average of $146.46 and a 200 day simple moving average of $142.05. Electronic Arts has a 1-year low of $124.92 and a 1-year high of $163.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.47%. Electronic Arts's dividend payout ratio is presently 19.54%.

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.