Electronic Arts Inc. (NASDAQ:EA) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Electronic Arts Inc. (NASDAQ:EA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $147.00.

Several equities research analysts have recently commented on EA shares. Stifel Nicolaus lifted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. BMO Capital Markets started coverage on shares of Electronic Arts in a research note on Tuesday, January 9th. They set an "outperform" rating and a $160.00 price objective for the company. Wedbush reiterated an "outperform" rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Benchmark reiterated a "buy" rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Finally, Oppenheimer reiterated an "outperform" rating and set a $150.00 price objective on shares of Electronic Arts in a research note on Tuesday.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $127.19, for a total transaction of $317,975.00. Following the sale, the chief executive officer now directly owns 23,430 shares of the company's stock, valued at approximately $2,980,061.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Jacob J. Schatz sold 1,000 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now owns 20,258 shares in the company, valued at approximately $2,901,755.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the company's stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00. Following the transaction, the chief executive officer now owns 23,430 shares of the company's stock, valued at approximately $2,980,061.70. The disclosure for this sale can be found here. Insiders have sold a total of 37,144 shares of company stock valued at $5,114,335 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Electronic Arts

A number of hedge funds have recently bought and sold shares of the business. Jennison Associates LLC raised its holdings in Electronic Arts by 1.3% in the 4th quarter. Jennison Associates LLC now owns 6,339 shares of the game software company's stock valued at $867,000 after acquiring an additional 84 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in Electronic Arts by 0.3% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 34,102 shares of the game software company's stock valued at $4,106,000 after acquiring an additional 86 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Electronic Arts by 0.3% in the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 27,085 shares of the game software company's stock valued at $3,261,000 after buying an additional 87 shares during the period. Mirador Capital Partners LP grew its stake in shares of Electronic Arts by 2.9% in the 4th quarter. Mirador Capital Partners LP now owns 3,264 shares of the game software company's stock valued at $447,000 after buying an additional 91 shares during the period. Finally, Whittier Trust Co. grew its stake in shares of Electronic Arts by 4.1% in the 4th quarter. Whittier Trust Co. now owns 2,355 shares of the game software company's stock valued at $322,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 90.23% of the company's stock.

Electronic Arts Stock Up 0.5 %

NASDAQ EA traded up $0.59 on Friday, hitting $127.90. The stock had a trading volume of 1,220,603 shares, compared to its average volume of 1,679,358. The business's fifty day moving average price is $133.38 and its 200 day moving average price is $134.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. Electronic Arts has a 52-week low of $117.47 and a 52-week high of $144.53. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. Electronic Arts's revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Electronic Arts will post 5.35 earnings per share for the current year.

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.