Electronic Arts (NASDAQ:EA) Upgraded at Zacks Research

Zacks Research upgraded shares of Electronic Arts (NASDAQ:EA) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Several other analysts also recently commented on EA. Wall Street Zen downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. UBS Group set a $210.00 price objective on shares of Electronic Arts and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Bank of America raised their price objective on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Hsbc Global Res downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, DA Davidson raised their price objective on shares of Electronic Arts from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $179.38.

Electronic Arts Trading Down 0.1%

Shares of Electronic Arts stock opened at $200.62 on Tuesday. The stock has a market capitalization of $50.20 billion, a PE ratio of 50.28, a P/E/G ratio of 3.05 and a beta of 0.77. Electronic Arts has a 1-year low of $115.21 and a 1-year high of $203.75. The company’s fifty day simple moving average is $182.72 and its 200-day simple moving average is $162.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Insider Transactions at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,200 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.80, for a total value of $240,960.00. Following the sale, the executive vice president directly owned 24,880 shares in the company, valued at $4,995,904. The trade was a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $201.79, for a total transaction of $504,475.00. Following the completion of the sale, the insider owned 53,092 shares in the company, valued at approximately $10,713,434.68. This trade represents a 4.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,900 shares of company stock worth $7,748,187. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Electronic Arts

A number of large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC increased its holdings in shares of Electronic Arts by 70.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after buying an additional 68 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of Electronic Arts by 1.4% in the 3rd quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company’s stock worth $1,034,000 after buying an additional 71 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Electronic Arts by 3.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after purchasing an additional 72 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Electronic Arts by 2.1% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 3,467 shares of the game software company’s stock worth $699,000 after purchasing an additional 72 shares during the period. Finally, Bank of Jackson Hole Trust boosted its stake in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 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.