Electronic Arts (NASDAQ:EA) Sets New 52-Week High – Here’s What Happened

Electronic Arts Inc. (NASDAQ:EA) hit a new 52-week high during trading on Tuesday . The stock traded as high as $153.81 and last traded at $153.60, with a volume of 107376 shares trading hands. The stock had previously closed at $152.89.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EA. Benchmark restated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group began coverage on Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.39.

Electronic Arts Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.43. The stock’s fifty day simple moving average is $145.05 and its two-hundred day simple moving average is $140.58. The company has a market capitalization of $40.96 billion, a price-to-earnings ratio of 39.69, a P/E/G ratio of 1.95 and a beta of 0.78.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.54%.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the transaction, the insider now owns 28,190 shares in the company, valued at approximately $4,251,897.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.32, for a total value of $223,980.00. Following the completion of the transaction, the executive vice president now directly owns 27,860 shares in the company, valued at approximately $4,160,055.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now directly owns 28,190 shares in the company, valued at $4,251,897.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,644 shares of company stock valued at $3,491,207 over the last three months. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts in the third quarter valued at $25,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the 2nd quarter worth $28,000. Family Firm Inc. acquired a new stake in shares of Electronic Arts during the second quarter worth $33,000. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts in the third quarter valued at about $36,000. Finally, Gradient Investments LLC increased its position in Electronic Arts by 592.1% during the second quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after acquiring an additional 225 shares during the period. 90.23% of the stock is 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.