Electronic Arts’ (EA) “Outperform” Rating Reiterated at Wedbush

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating restated by analysts at Wedbush in a report issued on Thursday,Benzinga reports. They currently have a $173.00 price target on the game software company’s stock. Wedbush’s price objective indicates a potential upside of 48.42% from the company’s previous close.

A number of other brokerages have also recently commented on EA. UBS Group upped their price target on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Bank of America downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a research note on Thursday. Argus raised their price objective on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.79.

Electronic Arts Trading Down 1.7 %

NASDAQ:EA opened at $116.56 on Thursday. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $152.43 and its 200 day moving average is $148.83. The stock has a market capitalization of $30.57 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $150.83, for a total transaction of $150,830.00. Following the transaction, the insider now owns 28,190 shares in the company, valued at $4,251,897.70. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock valued at $3,986,385. Insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Several hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Electronic Arts during the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. boosted its position in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after buying an additional 117 shares during the period. Reston Wealth Management LLC bought a new stake in Electronic Arts in the 3rd quarter worth $36,000. Bruce G. Allen Investments LLC grew its holdings in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. 90.23% of the stock is 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.