Electronic Arts (NASDAQ:EA) Reaches New 1-Year High - Time to Buy?

Electronic Arts Inc. (NASDAQ:EA - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $153.81 and last traded at $153.60, with a volume of 107376 shares changing hands. The stock had previously closed at $152.89.

Wall Street Analyst Weigh In

EA has been the topic of a number of research analyst reports. Raymond James upped their target price on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Roth Mkm upped their target price on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price 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. Wedbush reaffirmed an "outperform" rating and issued a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. Finally, UBS Group upped their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $164.39.

Electronic Arts Stock Performance

The company has a market capitalization of $41.08 billion, a P/E ratio of 39.69, a P/E/G ratio of 1.95 and a beta of 0.78. The business has a 50-day moving average of $145.05 and a 200-day moving average of $140.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.49%. Electronic Arts's dividend payout ratio (DPR) is 19.54%.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total transaction of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the transaction, the chief financial officer now owns 7,553 shares in the company, valued at $1,120,638.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,644 shares of company stock worth $3,491,207. 0.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the third quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth about $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts during the second quarter worth about $33,000. New Covenant Trust Company N.A. acquired a new stake in shares of Electronic Arts during the first quarter worth about $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Electronic Arts during the third quarter worth about $36,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

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.