Electronic Arts (NASDAQ:EA) Rating Reiterated by Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Electronic Arts (NASDAQ:EA) in a research note released on Wednesday morning, Benzinga reports. They currently have a $150.00 price objective on the game software company’s stock.

Several other research firms also recently commented on EA. Raymond James boosted their target price on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. Bank of America boosted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a buy rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Electronic Arts from a hold rating to a buy rating in a research report on Wednesday, June 26th. Finally, Roth Mkm boosted their price objective on shares of Electronic Arts from $135.00 to $152.00 and gave the company a neutral rating in a research report on Monday, July 29th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $161.94.

Electronic Arts Stock Down 0.8 %

Shares of EA stock opened at $139.55 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. Electronic Arts has a one year low of $117.47 and a one year high of $153.51. The company’s fifty day moving average price is $146.27 and its 200-day moving average price is $137.70. The company has a market capitalization of $37.08 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Sell-side analysts expect that Electronic Arts will post 5.89 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, August 28th. Electronic Arts’s dividend payout ratio (DPR) is presently 16.24%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the sale, the insider now directly owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total value of $350,650.00. Following the transaction, the chief executive officer now owns 61,747 shares in the company, valued at approximately $8,660,634.22. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the completion of the transaction, the insider now owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,570 shares of company stock valued at $4,183,508. 0.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after purchasing an additional 11,343 shares during the period. FORA Capital LLC lifted its position in shares of Electronic Arts by 209.7% during the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after buying an additional 31,136 shares in the last quarter. Duality Advisers LP purchased a new position in shares of Electronic Arts during the 1st quarter valued at approximately $1,711,000. Eaton Financial Holdings Company LLC purchased a new position in Electronic Arts in the 4th quarter valued at $1,259,000. Finally, Scotia Capital Inc. lifted its holdings in Electronic Arts by 99.4% in the 4th quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock valued at $2,372,000 after purchasing an additional 8,644 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.