Electronic Arts’ (EA) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reiterated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a research note released on Thursday morning,Benzinga reports. The firm currently has a $173.00 price objective on the game software company’s stock.

A number of other research firms have also weighed in on EA. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. JPMorgan Chase & Co. cut their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and an average target price of $159.79.

Electronic Arts Stock Down 16.7 %

EA opened at $118.58 on Thursday. Electronic Arts has a 12 month low of $115.45 and a 12 month high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $153.33 and its 200-day moving average price is $148.99. The company has a market cap of $31.10 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.88 and a beta of 0.80.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

Insider Buying and Selling

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the transaction, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock worth $3,986,385 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

A number of institutional investors have recently made changes to their positions in EA. Caprock Group LLC lifted its position in Electronic Arts by 15.9% during the fourth quarter. Caprock Group LLC now owns 6,178 shares of the game software company’s stock valued at $904,000 after purchasing an additional 847 shares during the period. Cibc World Market Inc. lifted its holdings in shares of Electronic Arts by 10.3% during the 4th quarter. Cibc World Market Inc. now owns 94,741 shares of the game software company’s stock valued at $13,861,000 after buying an additional 8,874 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in shares of Electronic Arts in the 4th quarter worth $636,000. Swedbank AB grew its holdings in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its position in Electronic Arts by 2.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 124,052 shares of the game software company’s stock valued at $17,615,000 after acquiring an additional 3,138 shares during the last quarter. 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.