Electronic Arts’ (EA) Outperform Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report issued on Thursday, Benzinga reports. They currently have a $162.00 target price on the game software company’s stock.

Several other analysts also recently weighed in on the company. Stifel Nicolaus increased their target price on Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a research note on Thursday, January 18th. Roth Mkm decreased their price target on shares of Electronic Arts from $140.00 to $135.00 and set a neutral rating on the stock in a research report on Wednesday. UBS Group cut their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating for the company in a research report on Wednesday, March 27th. Benchmark reissued a buy rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, BMO Capital Markets started coverage on Electronic Arts in a report on Tuesday, January 9th. They issued an outperform rating and a $160.00 price target for the company. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $146.72.

Electronic Arts Trading Up 0.8 %

Shares of NASDAQ EA traded up $1.06 during mid-day trading on Thursday, hitting $129.56. 1,650,180 shares of the company traded hands, compared to its average volume of 1,685,682. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts has a 1 year low of $117.47 and a 1 year high of $144.53. The stock has a market capitalization of $34.64 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 1.72 and a beta of 0.78. The business has a 50 day moving average of $131.99 and a two-hundred day moving average of $134.43.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. On average, sell-side analysts anticipate that Electronic Arts will post 5.34 earnings per share for the current fiscal year.

Insider Transactions at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now directly owns 20,258 shares in the company, valued at $2,901,755.92. The sale was disclosed in a filing with the SEC, which is available through this link. In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Laura Miele sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $128.15, for a total value of $256,300.00. Following the completion of the sale, the chief operating officer now directly owns 32,772 shares of the company’s stock, valued at $4,199,731.80. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock worth $5,087,143 in the last three months. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently modified their holdings of EA. Vanguard Group Inc. grew its position in Electronic Arts by 16.3% during the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. Norges Bank acquired a new stake in shares of Electronic Arts during the 4th quarter worth $281,054,000. DNB Asset Management AS increased its position in shares of Electronic Arts by 82.3% in the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock worth $322,494,000 after purchasing an additional 1,064,022 shares during the period. AustralianSuper Pty Ltd acquired a new position in Electronic Arts in the third quarter valued at about $75,124,000. Finally, Schroder Investment Management Group raised its stake in Electronic Arts by 350.6% in the fourth quarter. Schroder Investment Management Group now owns 752,026 shares of the game software company’s stock valued at $102,885,000 after purchasing an additional 585,123 shares in the last quarter. Institutional investors and hedge funds 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.