Electronic Arts (NASDAQ:EA) Upgraded at Moffett Nathanson

Moffett Nathanson upgraded shares of Electronic Arts (NASDAQ:EA) from a neutral rating to a buy rating in a research report report published on Friday morning, Marketbeat reports. Moffett Nathanson currently has $145.00 price target on the game software company’s stock.

Several other brokerages also recently weighed in on EA. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Robert W. Baird dropped their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. Wedbush reissued an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.43.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $122.91 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The company’s 50 day moving average price is $147.66 and its two-hundred day moving average price is $147.96. The firm has a market cap of $32.24 billion, a PE ratio of 31.60, a PEG ratio of 2.38 and a beta of 0.80.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $3,835,555 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of Electronic Arts by 51.5% in 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 last quarter. abrdn plc increased its stake in Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock worth $123,484,000 after purchasing an additional 319,335 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Electronic Arts by 8,503.9% in 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 purchased a new stake in shares of Electronic Arts during the third quarter valued at approximately $40,154,000. Finally, Huntington National Bank raised its holdings in Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after buying an additional 234,098 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

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.