Electronic Arts' (EA) "Outperform" Rating Reaffirmed at Wedbush

Key Points

• Wedbush has reiterated Electronic Arts' (EA) "outperform" rating with a price target of $210.00, implying a potential upside of 21.39% from its current stock price.
• The average rating for Electronic Arts from analysts is a "Moderate Buy" with a consensus price target of $167.12, demonstrating varied predictions among institutional investors.
• Recent insider transactions indicate a decrease in ownership as executives sold shares, with corporate insiders owning just 0.24% of the company's stock.

Electronic Arts (NASDAQ:EA - Get Free Report)'s stock had its "outperform" rating reiterated by Wedbush in a note issued to investors on Monday,Benzinga reports. They currently have a $210.00 price objective on the game software company's stock. Wedbush's target price suggests a potential upside of 21.39% from the company's current price.

A number of other research analysts also recently issued reports on EA. Moffett Nathanson reissued a "neutral" rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. Arete Research set a $192.00 price target on shares of Electronic Arts in a research report on Tuesday, August 5th. Morgan Stanley lifted their price objective on Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Wall Street Zen cut Electronic Arts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Arete upgraded Electronic Arts from a "neutral" rating to a "buy" rating and set a $192.00 price target on the stock in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $167.12.

Electronic Arts Trading Up 0.9%

Shares of EA stock traded up $1.59 during trading hours on Monday, reaching $172.99. The company's stock had a trading volume of 193,675 shares, compared to its average volume of 3,470,141. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $43.28 billion, a P/E ratio of 43.34, a P/E/G ratio of 2.21 and a beta of 0.72. The firm's fifty day simple moving average is $158.41 and its 200 day simple moving average is $147.81. Electronic Arts has a one year low of $115.21 and a one year high of $180.90.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $148.69, for a total value of $223,035.00. Following the transaction, the executive vice president owned 29,948 shares in the company, valued at $4,452,968.12. The trade was a 4.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $159.53, for a total transaction of $159,530.00. Following the sale, the insider owned 37,131 shares of the company's stock, valued at approximately $5,923,508.43. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,200 shares of company stock worth $4,142,660 over the last quarter. Corporate insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in shares of Electronic Arts by 197.5% during the first quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock valued at $421,524,000 after purchasing an additional 1,936,313 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Electronic Arts during the 1st quarter valued at about $225,102,000. Nuveen LLC purchased a new stake in shares of Electronic Arts during the 1st quarter valued at about $203,537,000. Goldman Sachs Group Inc. boosted its holdings in shares of Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock valued at $470,197,000 after acquiring an additional 1,254,194 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Electronic Arts by 176.6% in the second quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company's stock worth $297,465,000 after acquiring an additional 1,189,455 shares during the period. 90.23% of the stock is 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.

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