Electronic Arts (NASDAQ:EA) Earns Neutral Rating from Analysts at DA Davidson

Stock analysts at DA Davidson started coverage on shares of Electronic Arts (NASDAQ:EA) in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $140.00 price target on the game software company’s stock. DA Davidson’s price target suggests a potential upside of 9.08% from the stock’s current price.

Several other research firms have also issued reports on EA. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Argus increased their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, January 31st. Oppenheimer reduced their price objective on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday, January 27th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $154.55.

Electronic Arts Stock Down 0.8 %

EA stock opened at $128.35 on Wednesday. The stock’s 50 day simple moving average is $138.96 and its 200 day simple moving average is $146.57. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $33.45 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 3.54 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, research analysts expect that Electronic Arts will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares in the company, valued at approximately $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the transaction, the insider now owns 47,514 shares of the company’s stock, valued at $6,216,256.62. The trade was a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock valued at $2,812,285 over the last ninety days. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently made changes to their positions in the business. Creative Planning raised its holdings in Electronic Arts by 5.3% in the 3rd quarter. Creative Planning now owns 26,676 shares of the game software company’s stock worth $3,826,000 after acquiring an additional 1,351 shares during the last quarter. Blue Trust Inc. raised its holdings in Electronic Arts by 139.5% in the 3rd quarter. Blue Trust Inc. now owns 2,975 shares of the game software company’s stock worth $414,000 after acquiring an additional 1,733 shares during the last quarter. Raymond James & Associates raised its holdings in Electronic Arts by 10.7% in the 3rd quarter. Raymond James & Associates now owns 129,387 shares of the game software company’s stock worth $18,559,000 after acquiring an additional 12,468 shares during the last quarter. Signaturefd LLC raised its holdings in Electronic Arts by 5.8% in the 3rd quarter. Signaturefd LLC now owns 4,371 shares of the game software company’s stock worth $627,000 after acquiring an additional 238 shares during the last quarter. Finally, GAM Holding AG raised its holdings in Electronic Arts by 14.2% in the 3rd quarter. GAM Holding AG now owns 72,657 shares of the game software company’s stock worth $10,422,000 after acquiring an additional 9,035 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other 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.