Electronic Arts (NASDAQ:EA) Price Target Raised to $183.00

Electronic Arts (NASDAQ:EA) had its price objective upped by Argus from $161.00 to $183.00 in a research report report published on Thursday morning,Benzinga reports. Argus currently has a buy rating on the game software company’s stock.

EA has been the topic of several other research reports. The Goldman Sachs Group lifted their price target on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus increased their price target on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Oppenheimer upped their price objective on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, Benchmark reaffirmed a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Price Performance

NASDAQ:EA opened at $157.91 on Thursday. Electronic Arts has a one year low of $124.92 and a one year high of $160.31. The stock has a market cap of $41.42 billion, a PE ratio of 40.59, a P/E/G ratio of 2.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. The stock has a 50 day moving average price of $145.66 and a 200 day moving average price of $141.34.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.48%. Electronic Arts’s payout ratio is 19.54%.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the sale, the chief executive officer now owns 56,747 shares of the company’s stock, valued at $8,448,493.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the sale, the chief financial officer now directly owns 7,553 shares in the company, valued at $1,120,638.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the transaction, the chief executive officer now owns 56,747 shares of the company’s stock, valued at $8,448,493.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,144 shares of company stock worth $3,886,282 in the last quarter. 0.22% of the stock is owned by company insiders.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Alpha LLC raised its holdings in shares of Electronic Arts by 51.0% in the first quarter. Advisory Alpha LLC now owns 2,238 shares of the game software company’s stock valued at $297,000 after buying an additional 756 shares during the last quarter. Duality Advisers LP purchased a new stake in Electronic Arts during the 1st quarter valued at approximately $1,711,000. Empirical Finance LLC lifted its position in Electronic Arts by 3.2% during the 1st quarter. Empirical Finance LLC now owns 9,620 shares of the game software company’s stock worth $1,276,000 after acquiring an additional 296 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Electronic Arts by 25.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 32,947 shares of the game software company’s stock valued at $4,371,000 after purchasing an additional 6,766 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Electronic Arts by 23.7% in the first quarter. Empowered Funds LLC now owns 9,631 shares of the game software company’s stock valued at $1,278,000 after purchasing an additional 1,844 shares during the period. Hedge funds and other 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.