Electronic Arts (NASDAQ:EA) Rating Reiterated by Benchmark

Benchmark reaffirmed their buy rating on shares of Electronic Arts (NASDAQ:EA) in a report issued on Thursday, Benzinga reports. They currently have a $153.00 price objective on the game software company’s stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group began coverage on shares of Electronic Arts in a report on Thursday, July 11th. They set a buy rating and a $165.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Electronic Arts from $153.00 to $150.00 and set a hold rating for the company in a report on Thursday, May 9th. Citigroup lowered shares of Electronic Arts from a buy rating to a neutral rating and increased their target price for the stock from $148.00 to $161.00 in a report on Monday, July 15th. JPMorgan Chase & Co. increased their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the stock a neutral rating in a report on Monday, July 15th. Finally, Robert W. Baird lowered their price objective on shares of Electronic Arts from $160.00 to $150.00 and set an outperform rating for the company in a report on Wednesday, May 8th. Nine equities 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 currently has a consensus rating of Moderate Buy and a consensus target price of $151.33.

Electronic Arts Stock Performance

Electronic Arts stock opened at $140.20 on Thursday. The company has a market capitalization of $37.26 billion, a PE ratio of 29.96, a P/E/G ratio of 2.22 and a beta of 0.79. The firm has a fifty day simple moving average of $136.98 and a two-hundred day simple moving average of $135.35. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts has a twelve month low of $117.47 and a twelve month high of $148.22.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. Research analysts expect that Electronic Arts will post 5.72 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Wednesday, May 29th. Electronic Arts’s dividend payout ratio is 16.24%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the transaction, the insider now owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew Wilson sold 4,639 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the sale, the chief executive officer now owns 66,747 shares of the company’s stock, valued at $8,954,110.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now directly owns 26,283 shares of the company’s stock, valued at approximately $3,328,479.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,039 shares of company stock valued at $3,517,006. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Institutional investors and hedge funds have recently made changes to their positions in the company. FORA Capital LLC boosted its holdings in Electronic Arts by 209.7% in the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after purchasing an additional 31,136 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Electronic Arts by 82.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after purchasing an additional 11,343 shares during the last quarter. Duality Advisers LP purchased a new stake in Electronic Arts in the first quarter worth approximately $1,711,000. Eaton Financial Holdings Company LLC purchased a new stake in Electronic Arts in the fourth quarter worth approximately $1,259,000. Finally, Value Partners Investments Inc. boosted its holdings in Electronic Arts by 33.5% in the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock worth $53,761,000 after purchasing an additional 107,709 shares during the last quarter. 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.