Electronic Arts (NASDAQ:EA) Price Target Cut to $150.00 by Analysts at Robert W. Baird

Electronic Arts (NASDAQ:EA) had its price target lowered by Robert W. Baird from $160.00 to $150.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the game software company’s stock.

A number of other analysts also recently commented on EA. Oppenheimer reiterated an outperform rating and issued a $150.00 target price on shares of Electronic Arts in a report on Tuesday, April 23rd. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a neutral rating for the company in a research note on Wednesday, March 27th. Roth Mkm cut their target price on Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a research report on Wednesday, May 1st. Wedbush reiterated an outperform rating and issued a $162.00 price target on shares of Electronic Arts in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus boosted their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $146.94.

Electronic Arts Stock Down 3.8 %

Electronic Arts stock opened at $125.24 on Wednesday. The company’s 50-day moving average price is $131.27 and its two-hundred day moving average price is $134.45. The stock has a market cap of $33.48 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.73 and a beta of 0.78. Electronic Arts has a 52 week low of $117.47 and a 52 week high of $144.53. 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 Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.61%. Electronic Arts’s payout ratio is presently 19.14%.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total value of $101,312.00. Following the completion of the transaction, the insider now directly owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the completion of the transaction, the chief executive officer now owns 23,430 shares in the company, valued at approximately $2,980,061.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total value of $101,312.00. Following the completion of the sale, the insider now directly owns 26,283 shares in the company, valued at approximately $3,328,479.12. The disclosure for this sale can be found here. Insiders sold a total of 32,272 shares of company stock valued at $4,420,459 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Electronic Arts

Several hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. grew its holdings in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares during the last quarter. Cape Investment Advisory Inc. lifted its position in shares of Electronic Arts by 102.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after purchasing an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Electronic Arts during the first quarter valued at approximately $27,000. Bray Capital Advisors increased its holdings in shares of Electronic Arts by 100.0% in the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after purchasing an additional 110 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in Electronic Arts in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds 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.