Electronic Arts (NASDAQ:EA) Price Target Raised to $155.00

Electronic Arts (NASDAQ:EA) had its price target lifted by The Goldman Sachs Group from $135.00 to $155.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the game software company’s stock.

EA has been the topic of several other reports. Morgan Stanley increased their target price on Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a research note on Wednesday. DA Davidson assumed coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a “neutral” rating and a $140.00 price objective on the stock. Roth Mkm decreased their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Oppenheimer raised their price target on shares of Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets decreased their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $161.83.

Electronic Arts Trading Down 1.5 %

Shares of NASDAQ EA opened at $153.30 on Thursday. The firm’s 50 day moving average price is $143.36 and its 200-day moving average price is $144.90. Electronic Arts has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $39.95 billion, a PE ratio of 39.01, a P/E/G ratio of 3.58 and a beta of 0.74.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a $0.19 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.50%. Electronic Arts’s payout ratio is 19.34%.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $142.50, for a total transaction of $712,500.00. Following the transaction, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at $4,647,637.50. The trade was a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,118,120 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Electronic Arts during the 1st quarter valued at approximately $1,766,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Electronic Arts by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,477,089 shares of the game software company’s stock valued at $213,469,000 after purchasing an additional 20,569 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new position in shares of Electronic Arts in the first quarter valued at $2,469,000. Vanguard Group Inc. increased its position in Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock worth $4,198,607,000 after purchasing an additional 150,438 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Electronic Arts by 62.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. 90.23% of the stock is currently 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.