Electronic Arts (NASDAQ:EA) Rating Reiterated by Wedbush

Wedbush reiterated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a research report report published on Friday, Marketbeat reports. They currently have a $170.00 price target on the game software company’s stock.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets restated an “outperform” rating and issued a $154.00 target price on shares of Electronic Arts in a report on Wednesday, October 16th. The Goldman Sachs Group increased their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $148.00 to $161.00 in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.76.

Electronic Arts Stock Down 0.7 %

EA opened at $144.18 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. Electronic Arts has a fifty-two week low of $119.92 and a fifty-two week high of $153.51. The firm’s fifty day moving average is $144.90 and its 200 day moving average is $139.76. The stock has a market cap of $38.31 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. On average, sell-side analysts forecast that Electronic Arts will post 5.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, Director Luis A. Ubinas sold 2,126 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $146.77, for a total value of $312,033.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, Director Luis A. Ubinas sold 2,126 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $146.77, for a total value of $312,033.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the transaction, the chief executive officer now directly owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,270 shares of company stock worth $3,287,735 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EA. Mirador Capital Partners LP raised its holdings in shares of Electronic Arts by 15.4% during the first quarter. Mirador Capital Partners LP now owns 3,766 shares of the game software company’s stock worth $500,000 after purchasing an additional 502 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Electronic Arts by 90.0% during the first quarter. Diversified Trust Co now owns 15,150 shares of the game software company’s stock worth $2,010,000 after purchasing an additional 7,176 shares during the last quarter. Claro Advisors LLC increased its holdings in Electronic Arts by 5.6% in the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock valued at $250,000 after buying an additional 100 shares in the last quarter. Cullinan Associates Inc. increased its holdings in Electronic Arts by 5.2% in the first quarter. Cullinan Associates Inc. now owns 193,823 shares of the game software company’s stock valued at $25,714,000 after buying an additional 9,554 shares in the last quarter. Finally, Svenska Handelsbanken AB publ purchased a new position in Electronic Arts in the first quarter valued at $31,017,000. Hedge funds and other institutional investors 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.