Electronic Arts’ (EA) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report released on Friday, MarketBeat.com reports. They currently have a $170.00 price objective on the game software company’s stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their price target on Electronic Arts from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a research note on Wednesday, October 16th. Bank of America upped their price target on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research note on Wednesday, September 18th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $154.00 target price on shares of Electronic Arts in a report on Thursday, September 19th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.76.

Electronic Arts Stock Up 0.1 %

Shares of EA opened at $145.20 on Friday. The company has a market capitalization of $38.36 billion, a PE ratio of 34.16, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts has a 12 month low of $119.92 and a 12 month high of $153.51. The stock’s 50-day moving average price is $145.01 and its two-hundred day moving average price is $139.65. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, analysts anticipate that Electronic Arts will post 5.93 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total value of $217,080.00. Following the sale, the executive vice president now directly owns 24,860 shares of the company’s stock, valued at $3,597,739.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $148.88, for a total value of $372,200.00. Following the completion of the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at $8,448,493.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $144.72, for a total transaction of $217,080.00. Following the completion of the sale, the executive vice president now owns 24,860 shares of the company’s stock, valued at $3,597,739.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,270 shares of company stock valued at $3,287,735 over the last ninety days. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently made changes to their positions in EA. Vanguard Group Inc. lifted its holdings in shares of Electronic Arts by 14.7% during the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock valued at $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Electronic Arts by 496.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after acquiring an additional 2,090,504 shares in the last quarter. Swedbank AB purchased a new stake in Electronic Arts in the 1st quarter worth approximately $201,935,000. Jericho Capital Asset Management L.P. purchased a new stake in Electronic Arts in the 1st quarter worth approximately $189,055,000. Finally, Manning & Napier Advisors LLC purchased a new stake in Electronic Arts in the 2nd quarter worth approximately $188,159,000. 90.23% of the stock is currently 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.