Electronic Arts (NASDAQ:EA) Stock Rating Reaffirmed by Wedbush

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

A number of other analysts also recently issued reports on EA. Robert W. Baird dropped their price target on Electronic Arts from $160.00 to $150.00 and set an outperform rating for the company in a research report on Wednesday. Benchmark reissued a buy rating and issued a $153.00 price target on shares of Electronic Arts in a research note on Thursday, April 18th. BMO Capital Markets started coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They set an outperform rating and a $160.00 price objective on the stock. Roth Mkm cut their target price on shares of Electronic Arts from $140.00 to $135.00 and set a neutral rating for the company in a research report on Wednesday, May 1st. Finally, Oppenheimer reissued an outperform rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Tuesday, April 23rd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $146.71.

Electronic Arts Trading Up 0.0 %

Shares of EA stock opened at $127.14 on Wednesday. The company has a 50-day simple moving average of $130.75 and a two-hundred day simple moving average of $134.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.37. Electronic Arts has a 52-week low of $117.47 and a 52-week high of $144.53. The company has a market capitalization of $33.99 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.72 and a beta of 0.78.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Wednesday, May 29th. Electronic Arts’s dividend payout ratio is 16.24%.

Insider Buying and Selling

In other Electronic Arts news, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total transaction of $256,300.00. Following the completion of the transaction, the chief operating officer now directly owns 32,772 shares of the company’s stock, valued at $4,199,731.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,328,479.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Laura Miele sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total value of $256,300.00. Following the completion of the transaction, the chief operating officer now owns 32,772 shares in the company, valued at $4,199,731.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,272 shares of company stock worth $4,420,459. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bray Capital Advisors boosted its holdings in Electronic Arts by 100.0% during the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock valued at $26,000 after acquiring an additional 110 shares during the period. North Star Investment Management Corp. grew its holdings in shares of Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares in the last quarter. Cape Investment Advisory Inc. increased its stake in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter worth approximately $27,000. Finally, Leith Wheeler Investment Counsel Ltd. boosted its position in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after buying an additional 154,989 shares during the period. 90.23% of the stock is currently owned by hedge funds and other 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.