Electronic Arts (NASDAQ:EA) Receives Outperform Rating from Wedbush

Wedbush reissued their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report published on Thursday, Benzinga reports. The firm currently has a $162.00 price target on the game software company’s stock.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus increased their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a buy rating in a report on Thursday, January 18th. Roth Mkm reduced their price target on Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a research note on Wednesday, May 1st. Benchmark reissued a buy rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Oppenheimer reissued an outperform rating and set a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Finally, UBS Group dropped their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating on the stock in a research note on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of Moderate Buy and a consensus target price of $146.72.

Electronic Arts Price Performance

EA stock opened at $129.56 on Thursday. The stock has a market capitalization of $34.64 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 1.73 and a beta of 0.78. The firm’s 50-day moving average price is $131.99 and its two-hundred day moving average price is $134.45. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $144.53.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the sale, the insider now directly owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the transaction, the insider now owns 26,283 shares in the company, valued at approximately $3,328,479.12. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock worth $5,087,143 over the last quarter. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Bray Capital Advisors raised its holdings in Electronic Arts by 100.0% in the 3rd quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after purchasing an additional 110 shares during the period. North Star Investment Management Corp. increased its position in Electronic Arts by 333.3% in the first quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after buying an additional 101 shares during the period. Redmont Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the 1st quarter valued at about $27,000. Finally, Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 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.