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

Electronic Arts Inc. (NASDAQ:EA) has been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $147.00.

Several research firms recently weighed in on EA. 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. Stifel Nicolaus increased their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. BMO Capital Markets assumed coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $162.00 target price on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, Benchmark reissued a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th.

Electronic Arts Price Performance

Shares of EA opened at $127.90 on Friday. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.78 and a beta of 0.76. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53. The company’s fifty day simple moving average is $133.38 and its 200 day simple moving average is $134.50. 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 (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 EPS for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Electronic Arts’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts forecast that Electronic Arts will post 5.35 earnings per share for the current fiscal year.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the sale, the insider now owns 28,683 shares of the company’s stock, valued at approximately $3,941,904.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $109,944.00. Following the transaction, the insider now directly owns 28,683 shares in the company, valued at approximately $3,941,904.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Laura Miele sold 2,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total value of $274,860.00. Following the completion of the transaction, the chief operating officer now owns 38,548 shares in the company, valued at $5,297,651.64. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock valued at $5,114,335 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently bought and sold shares of EA. Vanguard Group Inc. lifted its stake in Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. Norges Bank bought a new stake in shares of Electronic Arts during the 4th quarter worth $281,054,000. DNB Asset Management AS raised its stake in shares of Electronic Arts by 82.3% during the 4th 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 bought a new stake in shares of Electronic Arts during the 3rd quarter worth $75,124,000. Finally, Schroder Investment Management Group raised its stake in shares of Electronic Arts by 350.6% during the 4th quarter. Schroder Investment Management Group now owns 752,026 shares of the game software company’s stock worth $102,885,000 after purchasing an additional 585,123 shares during the period. 90.23% of the stock is currently owned by 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.