Electronic Arts (NASDAQ:EA) Receives “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a research report report published on Friday, Marketbeat.com reports. They currently have a $170.00 price target on the game software company’s stock.

EA has been the topic of several other reports. Bank of America upped their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Oppenheimer boosted their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. The Goldman Sachs Group increased their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus lifted their price target on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley restated an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.94.

Electronic Arts Price Performance

Shares of NASDAQ EA traded up $0.17 during mid-day trading on Friday, reaching $145.20. The company’s stock had a trading volume of 1,225,717 shares, compared to its average volume of 2,046,543. The stock has a fifty day moving average of $145.01 and a two-hundred day moving average of $139.52. The firm has a market capitalization of $38.58 billion, a PE ratio of 31.03, a P/E/G ratio of 1.95 and a beta of 0.79. Electronic Arts has a 52 week low of $119.92 and a 52 week high of $153.51. 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 (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, sell-side analysts anticipate that Electronic Arts will post 5.93 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is currently 16.24%.

Insider Buying and Selling at Electronic Arts

In related news, Director Luis A. Ubinas sold 2,126 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $146.77, for a total value of $312,033.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the transaction, the insider now owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Luis A. Ubinas sold 2,126 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $146.77, for a total transaction of $312,033.02. The disclosure for this sale can be found here. Insiders sold a total of 22,270 shares of company stock valued at $3,287,735 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. grew its stake in shares of Electronic Arts by 333.3% during the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after acquiring an additional 150 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Electronic Arts in the first quarter worth $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Electronic Arts during the second quarter worth $28,000. Family Firm Inc. purchased a new stake in shares of Electronic Arts during the second quarter valued at $33,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Electronic Arts in the 1st quarter valued at $35,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.