Electronic Arts' (EA) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Electronic Arts (NASDAQ:EA - Free Report) in a research note published on Wednesday, MarketBeat reports. They currently have a $167.00 price target on the game software company's stock.

Several other research analysts have also recently commented on the company. Roth Mkm boosted their price target on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Argus increased their target price on Electronic Arts from $161.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 31st. Finally, DZ Bank upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and increased their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $165.37.

Electronic Arts Stock Down 3.1 %

NASDAQ EA traded down $4.87 during trading hours on Wednesday, hitting $149.92. The company had a trading volume of 3,617,055 shares, compared to its average volume of 2,061,520. The firm's 50 day moving average is $156.64 and its 200 day moving average is $147.94. 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 has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The company has a market capitalization of $39.32 billion, a price-to-earnings ratio of 38.54, a P/E/G ratio of 2.14 and a beta of 0.79.

Electronic Arts Dividend Announcement

The company 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 $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, November 27th. Electronic Arts's payout ratio is 19.54%.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the sale, the insider now directly owns 29,190 shares in the company, valued at approximately $4,181,175.60. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares of the company's stock, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $3,100,805 over the last 90 days. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Huntington National Bank increased its stake in shares of Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company's stock worth $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in Electronic Arts in the third quarter worth $5,597,000. Dai ichi Life Insurance Company Ltd increased its position in Electronic Arts by 20.8% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company's stock worth $9,205,000 after buying an additional 11,058 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Electronic Arts by 5.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company's stock worth $12,078,000 after buying an additional 4,702 shares during the last quarter. Finally, Chesapeake Capital Corp IL bought a new position in Electronic Arts during the third quarter valued at about $950,000. 90.23% of the stock is 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.