Electronic Arts (NASDAQ:EA) Coverage Initiated by Analysts at DA Davidson

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

EA has been the subject of several other research reports. 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 report on Tuesday, January 21st. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird dropped their target price on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Benchmark dropped their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $154.55.

Electronic Arts Trading Down 0.8 %

NASDAQ:EA opened at $128.35 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market cap of $33.45 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 3.54 and a beta of 0.79. The company has a 50 day simple moving average of $138.96 and a two-hundred day simple moving average of $146.57.

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

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. The trade was a 3.42 % 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 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 1,351 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 1,733 shares during the period. Raymond James & Associates lifted its stake in shares of 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 purchasing an additional 12,468 shares during the period. Signaturefd LLC raised its stake in Electronic Arts by 5.8% during 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 period. Finally, GAM Holding AG grew its holdings in Electronic Arts by 14.2% during the 3rd quarter. GAM Holding AG now owns 72,657 shares of the game software company’s stock valued at $10,422,000 after buying an additional 9,035 shares in the last quarter. 90.23% of the stock is currently owned by 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.