Electronic Arts (NASDAQ:EA) Price Target Raised to $160.00 at UBS Group

Electronic Arts (NASDAQ:EA) had its price objective lifted by UBS Group from $155.00 to $160.00 in a research report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the game software company’s stock.

Other equities analysts have also recently issued reports about the stock. Oppenheimer upped their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group upped their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America upped their target price on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen lifted their price target on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $164.39.

Electronic Arts Stock Performance

Electronic Arts stock opened at $151.26 on Wednesday. The stock has a market cap of $39.96 billion, a PE ratio of 38.88, a P/E/G ratio of 2.04 and a beta of 0.79. The company has a quick ratio of 1.45, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $124.92 and a 12-month high of $153.51. The business’s 50-day moving average price is $144.96 and its two-hundred day moving average price is $140.19.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.50%. Electronic Arts’s payout ratio is currently 19.54%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the transaction, the chief executive officer now directly owns 56,747 shares in the company, valued at $8,448,493.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,644 shares of company stock worth $3,491,207. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EA. Atria Investments Inc raised its stake in Electronic Arts by 86.5% during the 3rd quarter. Atria Investments Inc now owns 12,362 shares of the game software company’s stock worth $1,773,000 after acquiring an additional 5,733 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Electronic Arts by 1.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 24,654 shares of the game software company’s stock valued at $3,536,000 after buying an additional 296 shares in the last quarter. Beta Wealth Group Inc. boosted its holdings in Electronic Arts by 10.7% in the 3rd quarter. Beta Wealth Group Inc. now owns 3,102 shares of the game software company’s stock worth $445,000 after buying an additional 301 shares during the period. Applied Finance Capital Management LLC increased its stake in Electronic Arts by 16.5% in the 3rd quarter. Applied Finance Capital Management LLC now owns 4,764 shares of the game software company’s stock worth $683,000 after buying an additional 674 shares in the last quarter. Finally, JB Capital LLC raised its holdings in Electronic Arts by 2.1% during the third quarter. JB Capital LLC now owns 21,685 shares of the game software company’s stock valued at $3,111,000 after acquiring an additional 444 shares during the period. 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.