Electronic Arts (NASDAQ:EA) Price Target Raised to $160.00

Electronic Arts (NASDAQ:EA) had its target price upped by Benchmark from $140.00 to $160.00 in a report released on Monday morning, MarketBeat.com reports. Benchmark currently has a buy rating on the game software company’s stock.

Several other analysts have also recently issued reports on the company. Roth Mkm cut their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Robert W. Baird dropped their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Ascendiant Capital Markets lifted their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Finally, Bank of America lifted their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $155.65.

Electronic Arts Trading Up 0.5 %

Electronic Arts stock opened at $145.19 on Monday. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market capitalization of $37.84 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 3.58 and a beta of 0.78. The firm has a 50 day moving average of $132.92 and a 200 day moving average of $144.62. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts predict that Electronic Arts will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.52%. Electronic Arts’s dividend payout ratio is 19.34%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the transaction, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,000 shares of company stock valued at $3,018,560. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently bought and sold shares of the business. Putney Financial Group LLC purchased a new position in Electronic Arts in the fourth quarter valued at about $26,000. Pinnacle Bancorp Inc. boosted its holdings in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the 4th quarter valued at about $32,000. LGT Financial Advisors LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth approximately $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Electronic Arts during the 4th quarter worth approximately $37,000. Institutional investors own 90.23% of the company’s stock.

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.