ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Thematic Investing Channel
  2. Electronic Arts Helps Cut Loses in Video Gaming ETF
Thematic Investing Channel
Share

Electronic Arts Helps Cut Loses in Video Gaming ETF

Max ChenMay 11, 2022
2022-05-11

Electronic Arts (NasdaqGS: EA) jumped Wednesday, paring losses in video game sector-related exchange traded funds, after the gaming publisher raised its dividends and analysts upgraded the company.

On Wednesday, the Global X Video Games & Esports ETF (HERO B-) dropped 0.3%.

Meanwhile, Electronic Arts shares jumped 7.9% on Wednesday. EA makes up 7.0% of HERO’s underlying portfolio.

“With amazing games, built around powerful IP, made by incredibly talented teams, and outstanding engagement in our live services, FY23 is set to be a year of innovation and growth for Electronic Arts,” said chief executive officer Andrew Wilson in a statement.

The video game publisher said that the adjusted revenue for the three months ending June 30 will be $1.2 billion to $1.25 billion, or slightly lower than the expected $1.45 billion, Bloomberg reports.

EA also announced a quarterly dividend of 19 cents per share, up 12% from the previous quarter, Investing.com reports.

MoffettNathanson analyst Clay Griffin upgraded EA to a “buy” rating with a $141.00 per share price target.

“With a clean balance sheet, consistent and strong free cash flow generation, and a stable of other healthy franchises already in hand, EA is set up pretty well to weather continued market volatility. Rising rates are a drag on every financial asset, but with a significantly cheaper stock and relative advantages, we think EA is worthy of an upgrade to Buy,” Griffin said in a client note.

Raymond James analyst Andrew Marok trimmed its price target to $150.00 per share from $158.00, but he remains optimistic with an overall “outperform” rating on EA.

“EA’s pipeline for FY23 looks robust (concentrated in 2H), with 4Q bringing a major IP (potentially Jedi FallenOrder 2), a high profile remake (we believe Dead Space), an unannounced Partner IP, and a new sports title (Super Mega Baseball) in addition to a strong mobile lineup featuring a revamped FIFA, Apex Legends Mobile, and a new Lord of the Rings title. While industry metrics remain hit-and-miss, EA’s F4Q results demonstrate stability driven by top-class IP and content resonating with players,” Marok told clients.

For more news, information, and strategy, visit the Thematic Investing Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X