Electronic Arts’ (EA) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Electronic Arts (NASDAQ:EA) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $163.00 target price on the game software company’s stock.

EA has been the subject of a number of other research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Raymond James upped their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Bank of America upped their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $154.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $164.39.

Electronic Arts Stock Up 0.3 %

Electronic Arts stock opened at $151.26 on Wednesday. The firm has a market cap of $39.96 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 2.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.45. Electronic Arts has a fifty-two week low of $124.92 and a fifty-two week high of $153.51. The firm has a fifty day moving average price of $144.96 and a two-hundred day moving average price of $140.19.

Electronic Arts Announces Dividend

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

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Stuart Canfield sold 1,260 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the sale, the chief financial officer now owns 7,553 shares of the company’s stock, valued at $1,120,638.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,644 shares of company stock valued at $3,491,207. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

A number of institutional investors have recently bought and sold shares of the business. Atria Investments Inc grew its holdings 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 boosted its position in shares of Electronic Arts by 1.2% during the third quarter. Verdence Capital Advisors LLC now owns 24,654 shares of the game software company’s stock worth $3,536,000 after purchasing an additional 296 shares in the last quarter. Beta Wealth Group Inc. boosted its position in shares of Electronic Arts by 10.7% during the third quarter. Beta Wealth Group Inc. now owns 3,102 shares of the game software company’s stock worth $445,000 after purchasing an additional 301 shares in the last quarter. Applied Finance Capital Management LLC boosted its position in shares of Electronic Arts by 16.5% during the third quarter. Applied Finance Capital Management LLC now owns 4,764 shares of the game software company’s stock worth $683,000 after purchasing an additional 674 shares in the last quarter. Finally, JB Capital LLC boosted its position in shares of Electronic Arts by 2.1% during the third quarter. JB Capital LLC now owns 21,685 shares of the game software company’s stock worth $3,111,000 after purchasing an additional 444 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.