Electronic Arts (NASDAQ:EA) Upgraded by Moffett Nathanson to “Buy” Rating

Moffett Nathanson upgraded shares of Electronic Arts (NASDAQ:EA) from a neutral rating to a buy rating in a report published on Friday morning, MarketBeat Ratings reports. They currently have $145.00 target price on the game software company’s stock.

A number of other equities analysts have also commented on EA. BMO Capital Markets lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $160.00 to $145.00 in a research report on Thursday, January 23rd. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus reduced their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Benchmark reissued a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a report on Wednesday, October 30th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus price target of $157.43.

Electronic Arts Stock Up 3.6 %

EA stock opened at $122.91 on Friday. The company has a market cap of $32.24 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 2.38 and a beta of 0.80. Electronic Arts has a twelve month low of $115.21 and a twelve month high of $168.50. The business has a 50 day moving average price of $147.66 and a two-hundred day moving average price of $147.94. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction 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 directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. This represents a 3.20 % 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 owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently made changes to their positions in the business. Bigelow Investment Advisors LLC increased its stake in shares of Electronic Arts by 10.3% during the 4th quarter. Bigelow Investment Advisors LLC now owns 3,235 shares of the game software company’s stock worth $473,000 after purchasing an additional 303 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in Electronic Arts by 53.8% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,947 shares of the game software company’s stock worth $1,602,000 after buying an additional 3,829 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Electronic Arts in the fourth quarter valued at $107,000. Beta Wealth Group Inc. lifted its position in shares of Electronic Arts by 9.7% during the 4th quarter. Beta Wealth Group Inc. now owns 3,402 shares of the game software company’s stock valued at $498,000 after buying an additional 300 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Electronic Arts by 269.0% during the 4th quarter. Venturi Wealth Management LLC now owns 797 shares of the game software company’s stock worth $117,000 after acquiring an additional 581 shares during the period. 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.