Electronic Arts (NASDAQ:EA) Rating Increased to Buy at Moffett Nathanson

Moffett Nathanson upgraded shares of Electronic Arts (NASDAQ:EA) from a neutral rating to a buy rating in a research note released on Friday morning, Marketbeat Ratings reports. The firm currently has $145.00 target price on the game software company’s stock.

Several other research analysts have also recently weighed in on EA. Benchmark reaffirmed a “buy” rating and issued a $163.00 price target on shares of Electronic Arts in a report on Wednesday, October 30th. Roth Mkm lowered their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.43.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $122.91 on Friday. The company has a 50 day moving average of $147.66 and a 200 day moving average of $147.94. 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 stock has a market cap of $32.24 billion, a P/E ratio of 31.60, a P/E/G ratio of 2.38 and a beta of 0.80. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50.

Insiders Place Their Bets

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 transaction of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares in the company, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the sale, the chief financial officer now owns 8,750 shares in the company, valued at $1,296,575. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock worth $3,835,555. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Swedbank AB grew its stake in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. bought a new position in Electronic Arts in the 4th quarter worth about $217,000. Huntington National Bank grew its position in Electronic Arts by 983.4% during the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Dai ichi Life Insurance Company Ltd increased its stake in Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after purchasing an additional 11,058 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Electronic Arts by 5.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock worth $12,078,000 after buying an additional 4,702 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other 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.