Electronic Arts (NASDAQ:EA) Given Outperform Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report released on Wednesday, Benzinga reports. The firm currently has a $162.00 target price on the game software company’s stock.

Other equities analysts also recently issued reports about the stock. Oppenheimer reissued an outperform rating and set a $150.00 target price on shares of Electronic Arts in a research report on Tuesday, April 23rd. BMO Capital Markets initiated coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an outperform rating and a $160.00 target price for the company. Roth Mkm dropped their price target on shares of Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a research report on Wednesday, May 1st. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a report on Thursday, January 18th. Finally, UBS Group dropped their target price on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating on the stock in a report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $146.94.

Electronic Arts Stock Up 1.4 %

NASDAQ EA traded up $1.70 during trading on Wednesday, reaching $126.94. The company’s stock had a trading volume of 521,719 shares, compared to its average volume of 1,996,445. The business has a 50-day moving average price of $131.27 and a 200-day moving average price of $134.45. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53. The stock has a market capitalization of $33.94 billion, a PE ratio of 31.55, a PEG ratio of 1.73 and a beta of 0.78. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. Electronic Arts’s payout ratio is currently 19.14%.

Insider Buying and Selling

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the sale, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $140.26, for a total value of $210,390.00. Following the transaction, the chief financial officer now owns 4,894 shares of the company’s stock, valued at approximately $686,432.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. Insiders sold 32,272 shares of company stock worth $4,420,459 in the last 90 days. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Mercer Global Advisors Inc. ADV increased its stake in Electronic Arts by 23.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock worth $2,753,000 after purchasing an additional 4,411 shares in the last quarter. Value Partners Investments Inc. increased its position in shares of Electronic Arts by 33.5% during the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after acquiring an additional 107,709 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Electronic Arts by 14.7% during the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock worth $1,381,000 after acquiring an additional 1,469 shares during the period. Morgan Stanley lifted its position in Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares in the last quarter. Finally, West Family Investments Inc. acquired a new position in Electronic Arts in the 4th quarter worth $230,000. 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.