Electronic Arts (NASDAQ:EA) Earns “Neutral” Rating from Roth Mkm

Roth Mkm restated their neutral rating on shares of Electronic Arts (NASDAQ:EA) in a report issued on Thursday, Benzinga reports. The brokerage currently has a $154.00 target price on the game software company’s stock.

A number of other brokerages have also weighed in on EA. Citigroup lowered shares of Electronic Arts from a buy rating to a neutral rating and raised their price target for the company from $148.00 to $161.00 in a research note on Monday, July 15th. TD Cowen raised their target price on Electronic Arts from $163.00 to $183.00 and gave the company a buy rating in a research report on Wednesday, July 31st. Wedbush boosted their price target on Electronic Arts from $162.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. BMO Capital Markets restated an outperform rating and issued a $154.00 price objective on shares of Electronic Arts in a report on Tuesday, July 30th. Finally, Benchmark reaffirmed a buy rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $161.94.

Electronic Arts Trading Down 0.8 %

Shares of Electronic Arts stock opened at $139.55 on Thursday. Electronic Arts has a fifty-two week low of $117.47 and a fifty-two week high of $153.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $37.08 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The firm has a 50-day simple moving average of $146.15 and a two-hundred day simple moving average of $137.71.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. As a group, equities analysts predict that Electronic Arts will post 5.89 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Wednesday, August 28th. Electronic Arts’s payout ratio is presently 16.24%.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the transaction, the insider now owns 38,574 shares of the company’s stock, valued at approximately $5,389,173.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total transaction of $223,980.00. Following the completion of the sale, the executive vice president now owns 27,860 shares of the company’s stock, valued at approximately $4,160,055.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,570 shares of company stock worth $4,183,508. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently modified their holdings of EA. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Electronic Arts by 16,966.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 204,457 shares of the game software company’s stock valued at $28,487,000 after purchasing an additional 203,259 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Electronic Arts in the second quarter worth $749,000. Ariadne Wealth Management LP purchased a new stake in shares of Electronic Arts during the second quarter worth $506,000. Advisory Alpha LLC raised its stake in shares of Electronic Arts by 41.6% in the second quarter. Advisory Alpha LLC now owns 3,169 shares of the game software company’s stock valued at $442,000 after acquiring an additional 931 shares in the last quarter. Finally, Old North State Trust LLC raised its stake in shares of Electronic Arts by 11.2% in the second quarter. Old North State Trust LLC now owns 1,679 shares of the game software company’s stock valued at $234,000 after acquiring an additional 169 shares in the last quarter. 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.