Electronic Arts Inc. (NASDAQ:EA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Electronic Arts Inc. (NASDAQ:EA) has received an average recommendation of “Moderate Buy” from the twenty analysts that are covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $159.79.

EA has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Robert W. Baird cut their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday. Oppenheimer decreased their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Finally, Benchmark restated a “buy” rating and set a $163.00 price target on shares of Electronic Arts in a research report on Wednesday, October 30th.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the sale, the insider now directly owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This trade represents a 3.43 % 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. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock worth $3,986,385 in the last ninety days. 0.22% of the stock is owned by company insiders.

Institutional Trading of Electronic Arts

Several large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its position in Electronic Arts by 51.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after acquiring an additional 373,730 shares during the period. abrdn plc lifted its holdings in shares of Electronic Arts by 59.2% during the third quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after purchasing an additional 319,335 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock valued at $45,626,000 after purchasing an additional 314,388 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $40,154,000. Finally, Huntington National Bank grew its stake in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after buying an additional 234,098 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Shares of EA stock opened at $116.56 on Monday. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The stock has a market capitalization of $30.57 billion, a P/E ratio of 29.96, a PEG ratio of 1.87 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $152.43 and its 200 day moving average is $148.92.

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.