Electronic Arts (NASDAQ:EA) Price Target Cut to $134.00 by Analysts at Roth Mkm

Electronic Arts (NASDAQ:EA) had its target price cut by Roth Mkm from $158.00 to $134.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the game software company’s stock.

A number of other equities research analysts have also recently issued reports on EA. Oppenheimer dropped their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Finally, BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $159.79.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $118.58 on Thursday. Electronic Arts has a fifty-two week low of $115.45 and a fifty-two week high of $168.50. The stock has a market capitalization of $31.10 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50-day moving average of $153.33 and a 200-day moving average of $148.99.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.64%. Electronic Arts’s payout ratio is presently 19.54%.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,000 shares of company stock worth $3,986,385. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Legal & General Group Plc raised its holdings in Electronic Arts by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after buying an additional 53,800 shares during the last quarter. Swedbank AB boosted its position in Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after acquiring an additional 420,382 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after acquiring an additional 373,730 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.