Electronic Arts (NASDAQ:EA) Given New $160.00 Price Target at Benchmark

Electronic Arts (NASDAQ:EA - Free Report) had its price objective raised by Benchmark from $140.00 to $160.00 in a report released on Monday, Marketbeat Ratings reports. Benchmark currently has a buy rating on the game software company's stock.

Several other equities research analysts have also issued reports on the stock. Raymond James lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a report on Thursday, January 23rd. Robert W. Baird dropped their price target on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research note on Tuesday, January 21st. Finally, Wedbush reissued an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $155.65.

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Electronic Arts Stock Down 0.7 %

EA stock opened at $144.25 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $37.59 billion, a P/E ratio of 36.70, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The business has a 50-day moving average of $133.05 and a 200-day moving average of $144.62.

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 the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, sell-side analysts anticipate that Electronic Arts will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the sale, the insider now directly owns 29,216 shares of the company's stock, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,018,560 over the last three months. Company insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds have recently modified their holdings of EA. Putney Financial Group LLC purchased a new position in Electronic Arts during the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $32,000. LGT Financial Advisors LLC bought a new position in Electronic Arts during the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC purchased a new position in Electronic Arts during the 4th quarter valued at approximately $37,000. 90.23% of the stock is currently owned by institutional investors.

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.