Electronic Arts (NASDAQ:EA) Stock Rating Reaffirmed by Wedbush

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research report issued on Wednesday, Benzinga reports. They presently have a $162.00 price objective on the game software company’s stock. Wedbush’s target price would suggest a potential upside of 27.44% from the stock’s current price.

Several other research analysts also recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Benchmark restated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Robert W. Baird lowered their price objective on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday. UBS Group lowered their price target on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Finally, BMO Capital Markets initiated coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They set an “outperform” rating and a $160.00 price target for the company. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.61.

Electronic Arts Trading Up 1.5 %

Shares of EA stock opened at $127.12 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market cap of $33.99 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78. The stock has a 50 day simple moving average of $131.02 and a 200 day simple moving average of $134.40. Electronic Arts has a 1 year low of $117.47 and a 1 year high of $144.53.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares of the company’s stock, valued at $4,048,147.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the sale, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the completion of the sale, the insider now owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,272 shares of company stock valued at $4,420,459. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Electronic Arts

Several large investors have recently made changes to their positions in the company. Cumberland Partners Ltd grew its stake in shares of Electronic Arts by 81.8% in the 1st quarter. Cumberland Partners Ltd now owns 10,000 shares of the game software company’s stock valued at $1,327,000 after buying an additional 4,500 shares during the period. Taylor Hoffman Wealth Management lifted its position in Electronic Arts by 1.8% in the 1st quarter. Taylor Hoffman Wealth Management now owns 24,018 shares of the game software company’s stock valued at $3,186,000 after acquiring an additional 425 shares in the last quarter. Great Lakes Retirement Inc. lifted its position in Electronic Arts by 6.4% in the 1st quarter. Great Lakes Retirement Inc. now owns 5,226 shares of the game software company’s stock valued at $693,000 after acquiring an additional 313 shares in the last quarter. Midwest Professional Planners LTD. lifted its position in Electronic Arts by 2.8% in the 1st quarter. Midwest Professional Planners LTD. now owns 6,745 shares of the game software company’s stock valued at $895,000 after acquiring an additional 184 shares in the last quarter. Finally, Managed Asset Portfolios LLC lifted its position in Electronic Arts by 1.8% in the 1st quarter. Managed Asset Portfolios LLC now owns 51,140 shares of the game software company’s stock valued at $6,785,000 after acquiring an additional 882 shares in 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.