Electronic Arts (NASDAQ:EA) Stock Rating Lowered by Baird R W

Baird R W cut shares of Electronic Arts (NASDAQ:EA) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Arete Research set a $192.00 target price on shares of Electronic Arts in a report on Tuesday, August 5th. HSBC cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price on the stock. in a report on Monday. Roth Capital raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and increased their price target for the company from $175.00 to $185.00 in a research report on Tuesday, June 24th. Bank of America increased their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, UBS Group set a $167.00 price target on shares of Electronic Arts and gave the company a “neutral” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nineteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and an average target price of $168.64.

Electronic Arts Stock Up 4.5%

Shares of Electronic Arts stock opened at $202.05 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Electronic Arts has a 1 year low of $115.21 and a 1 year high of $203.75. The firm’s 50-day moving average is $168.65 and its two-hundred day moving average is $155.12. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.94 and a beta of 0.75.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.05%.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $171.52, for a total value of $205,824.00. Following the completion of the transaction, the insider directly owned 34,731 shares of the company’s stock, valued at $5,957,061.12. This trade represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider directly owned 58,092 shares of the company’s stock, valued at $9,032,725.08. This represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,300 shares of company stock valued at $4,519,680. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently bought and sold shares of the business. Norden Group LLC purchased a new position in Electronic Arts during the 2nd quarter worth approximately $214,000. Focus Partners Advisor Solutions LLC purchased a new position in Electronic Arts during the 1st quarter worth approximately $319,000. CCM Investment Group LLC purchased a new position in Electronic Arts during the 1st quarter worth approximately $1,625,000. Sumitomo Mitsui Trust Group Inc. raised its position in Electronic Arts by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock worth $94,456,000 after buying an additional 13,461 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in Electronic Arts by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock worth $13,944,000 after buying an additional 3,999 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.