Electronic Arts (NASDAQ:EA) Upgraded by DA Davidson to “Hold” Rating

Electronic Arts (NASDAQ:EA) was upgraded by analysts at DA Davidson to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on EA. UBS Group increased their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird reduced 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 report on Thursday, January 23rd. Citigroup lowered their price target on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Friday, January 31st. Finally, Benchmark decreased their target price on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and a consensus price target of $154.55.

Electronic Arts Trading Up 0.8 %

Shares of EA opened at $129.34 on Tuesday. Electronic Arts has a 1-year low of $115.21 and a 1-year high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $138.27 and its 200-day moving average price is $146.45. The firm has a market capitalization of $33.71 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 3.54 and a beta of 0.79.

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

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares in the company, 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 in the last ninety days. 0.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Electronic Arts

Institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank grew its stake in shares of Electronic Arts by 9.5% during the 4th quarter. Toronto Dominion Bank now owns 137,319 shares of the game software company’s stock valued at $20,090,000 after acquiring an additional 11,891 shares during the period. GF Fund Management CO. LTD. purchased a new position in Electronic Arts during the fourth quarter valued at approximately $7,272,000. Neo Ivy Capital Management purchased a new position in Electronic Arts during the fourth quarter valued at approximately $359,000. Vise Technologies Inc. bought a new position in shares of Electronic Arts in the fourth quarter worth approximately $370,000. Finally, JT Stratford LLC increased its stake in shares of Electronic Arts by 4.7% in the fourth quarter. JT Stratford LLC now owns 10,152 shares of the game software company’s stock worth $1,485,000 after purchasing an additional 452 shares in the last quarter. 90.23% of the stock is owned by 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.