Electronic Arts (NASDAQ:EA) Stock Rating Reaffirmed by Wedbush

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research report issued on Wednesday, Benzinga reports. They presently have a $162.00 target price on the game software company’s stock. Wedbush’s price objective would suggest a potential upside of 27.44% from the stock’s previous close.

Several other equities analysts have also recently issued reports on EA. Roth Mkm lowered their price objective on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Benchmark reaffirmed a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. BMO Capital Markets began coverage on Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target on the stock. Robert W. Baird lowered their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Oppenheimer reissued an “outperform” rating and set a $150.00 price target on shares of Electronic Arts in a report on Tuesday, April 23rd. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.61.

Electronic Arts Stock Performance

EA stock opened at $127.12 on Wednesday. The stock has a market capitalization of $33.99 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $144.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $131.02 and its 200 day simple moving average is $134.40.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the transaction, the chief executive officer now owns 28,430 shares in the company, valued at $4,048,147.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the sale, the insider now owns 26,283 shares in the company, valued at $3,328,479.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,272 shares of company stock worth $4,420,459. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of 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 worth $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. Norges Bank purchased a new stake in Electronic Arts during the fourth quarter valued at $281,054,000. DNB Asset Management AS raised its stake in Electronic Arts by 82.3% during the fourth quarter. DNB Asset Management AS now owns 2,357,238 shares of the game software company’s stock valued at $322,494,000 after purchasing an additional 1,064,022 shares in the last quarter. Schroder Investment Management Group lifted its position in Electronic Arts by 350.6% during 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 during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Electronic Arts by 480.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 499,277 shares of the game software company’s stock worth $60,113,000 after buying an additional 413,276 shares in the last quarter. 90.23% of the stock is 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.