Electronic Arts (NASDAQ:EA) Earns “Outperform” Rating from Wedbush

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reissued by Wedbush in a research note issued to investors on Thursday,Benzinga reports. They currently have a $173.00 target price on the game software company’s stock. Wedbush’s target price would indicate a potential upside of 49.11% from the stock’s previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets lowered Electronic Arts from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $160.00 to $145.00 in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Raymond James downgraded Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Argus raised their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $159.79.

Electronic Arts Trading Down 18.5 %

Shares of Electronic Arts stock traded down $26.33 on Thursday, hitting $116.02. The stock had a trading volume of 9,713,348 shares, compared to its average volume of 2,725,020. The stock’s 50-day simple moving average is $154.24 and its two-hundred day simple moving average is $149.20. Electronic Arts has a one year low of $115.45 and a one year high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market cap of $30.43 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.88 and a beta of 0.80.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’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 directly owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the transaction, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,500 shares of company stock valued at $4,351,060 over the last three months. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EA. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts in the 3rd quarter worth $25,000. Pinnacle Bancorp Inc. grew its position in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Electronic Arts during the 3rd quarter valued at approximately $36,000. Bruce G. Allen Investments LLC lifted its holdings in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts 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.