Electronic Arts (NASDAQ:EA) Rating Increased to Strong-Buy at StockNews.com

Electronic Arts (NASDAQ:EA - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Thursday.

Several other analysts also recently commented on EA. JPMorgan Chase & Co. reduced their target price on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Wednesday. Oppenheimer lifted their price target on Electronic Arts from $150.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, July 16th. Roth Mkm upped their price objective on Electronic Arts from $154.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday. Robert W. Baird lifted their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has an average rating of "Moderate Buy" and an average target price of $164.39.

Electronic Arts Stock Up 1.1 %

Shares of Electronic Arts stock traded up $1.71 on Thursday, reaching $150.85. 2,645,647 shares of the company were exchanged, compared to its average volume of 2,059,914. Electronic Arts has a one year low of $121.63 and a one year high of $153.51. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $144.89 and a 200 day moving average of $140.02. The company has a market capitalization of $40.09 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. On average, equities research analysts forecast that Electronic Arts will post 5.93 earnings per share for the current year.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now owns 31,190 shares of the company's stock, valued at approximately $4,675,692.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the transaction, the chief executive officer now directly owns 51,747 shares of the company's stock, valued at $7,548,334.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the sale, the insider now directly owns 31,190 shares of the company's stock, valued at $4,675,692.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,770 shares of company stock worth $3,652,410. Insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. increased its holdings in shares of Electronic Arts by 2.9% during the second quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company's stock valued at $394,000 after acquiring an additional 79 shares in the last quarter. Shepherd Financial Partners LLC increased its stake in Electronic Arts by 1.6% during the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company's stock valued at $816,000 after purchasing an additional 88 shares in the last quarter. Grove Bank & Trust raised its holdings in Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company's stock worth $69,000 after buying an additional 94 shares during the last quarter. CWM LLC lifted its stake in shares of Electronic Arts by 1.5% in the third quarter. CWM LLC now owns 6,302 shares of the game software company's stock valued at $904,000 after buying an additional 95 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company's stock valued at $291,000 after buying an additional 97 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.

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