Electronic Arts (NASDAQ:EA) Stock Rating Upgraded by Wall Street Zen

Electronic Arts (NASDAQ:EA) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Several other analysts have also recently issued reports on the stock. Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Citigroup upped their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $196.64.

Electronic Arts Trading Down 0.2%

EA opened at $203.00 on Friday. The stock has a market capitalization of $50.90 billion, a PE ratio of 58.17, a P/E/G ratio of 2.24 and a beta of 0.65. The firm’s fifty day moving average price is $202.21 and its 200 day moving average price is $202.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts has a 12-month low of $145.54 and a 12-month high of $204.88.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $200.81, for a total transaction of $240,972.00. Following the sale, the insider directly owned 27,560 shares of the company’s stock, valued at approximately $5,534,323.60. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,066 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the sale, the chief executive officer directly owned 85,974 shares in the company, valued at $17,337,516.84. This trade represents a 5.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 39,906 shares of company stock valued at $8,032,336 in the last ninety days. 0.24% of the stock is owned by insiders.

Institutional Trading of Electronic Arts

Institutional investors and hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts during the first quarter worth $27,000. MV Capital Management Inc. bought a new position in shares of Electronic Arts during the fourth quarter worth about $28,000. Ameriflex Group Inc. grew its position in shares of Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. Asset Planning Inc bought a new position in shares of Electronic Arts during the first quarter worth about $32,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Electronic Arts during the first quarter worth about $32,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.