In yesterday’s Wall Street session, Electronic Arts Inc. (NASDAQ:EA) shares traded at $138.83, down -0.53% from the previous session.
29 analysts cover Electronic Arts Inc. (NASDAQ:EA), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $161.00 and a low of $126.00, we find $140.00. Given the previous closing price of $139.57, this indicates a potential upside of 0.31 percent. EA stock price is now 7.18% away from the 50-day moving average and 11.75% away from the 200-day moving average. The market capitalization of the company currently stands at $37.80B.
The stock has received a hold rating from 13 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $142.04 as their price target over the next twelve months.
With the price target of $128, HSBC Securities recently initiated with Hold rating for Electronic Arts Inc. (NASDAQ: EA).
In other news, Wilson Andrew, CEO and Board Chair sold 5,000 shares of the company’s stock on Jun 26. The stock was sold for $624,563 at an average price of $124.91. Upon completion of the transaction, the CEO and Board Chair now directly owns 82,809 shares in the company, valued at $11.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Chief Operating Officer Miele Laura sold 1,500 shares of the business’s stock. A total of $192,000 was realized by selling the stock at an average price of $128.00. This leaves the insider owning 38,586 shares of the company worth $5.36 million. Insiders disposed of 280,146 shares of company stock worth roughly $38.89 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EA stock. A new stake in Electronic Arts Inc. shares was purchased by ALYESKA INVESTMENT GROUP, L.P. during the first quarter worth $108,963,000. TWINBEECH CAPITAL LP invested $20,161,000 in shares of EA during the first quarter. In the first quarter, AQUATIC CAPITAL MANAGEMENT LLC acquired a new stake in Electronic Arts Inc. valued at approximately $20,144,000. CARTENNA CAPITAL, LP acquired a new stake in EA for approximately $13,883,000. MYDA ADVISORS LLC purchased a new stake in EA valued at around $9,996,000 in the second quarter. In total, there are 1,469 active investors with 94.00% ownership of the company’s stock.
On Wednesday morning Electronic Arts Inc. (NASDAQ: EA) stock kicked off with the opening price of $139.04. During the past 12 months, Electronic Arts Inc. has had a low of $108.53 and a high of $140.30. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $36.96B, which is based on a 48.41 price-to-earnings ratio, a 8.67 price-to-earnings-growth ratio, and a beta of 0.87. The fifty day moving average price for EA is $129.79 and a two-hundred day moving average price translates $124.30 for the stock.
The latest earnings results from Electronic Arts Inc. (NASDAQ: EA) was released for Mar, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at $1.78, beating analysts’ expectations of $1.31 by 0.47. This compares to $0.80 EPS in the same period last year. The net profit margin was 10.80% and return on equity was 10.60% for EA. The company reported revenue of $1.87 billion for the quarter, compared to $1.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.68 percent. For the current quarter, analysts expect EA to generate $1.59B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/21/2023. Investors who held shares on 05/31/2023 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 0.55% percent yield. There was an ex-dividend date of 05/30/2023 for this dividend. In terms of dividend payout ratio, EA is presently at 26.30%.
Electronic Arts Inc.(EA) 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. The company licenses its games to third parties to distribute and host its games. It markets and sells its games and services through digital distribution and retail channels, as well as directly to mass market retailers, specialty stores, and distribution arrangements. Electronic Arts Inc. was incorporated in 1982 and is headquartered in Redwood City, California.
