Weiss Ratings Reaffirms Hold (C) Rating for Electronic Arts (NASDAQ:EA)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Electronic Arts (NASDAQ:EA), reflecting a recent trend among analysts to downgrade their ratings on the company's stock.
• As of Wednesday, EA's stock was trading at $200.01, with a market cap of $50.04 billion and a consensus rating of "Hold" among analysts.
• Insider transactions show significant sales, with the CFO recently selling 6,500 shares at an average price of $203.40, indicating notable insider activity.

Electronic Arts (NASDAQ:EA - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also recently commented on EA. Wall Street Zen cut Electronic Arts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Roth Capital lowered Electronic Arts from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $185.00 to $210.00 in a research note on Thursday, October 2nd. Cowen lowered Electronic Arts from a "buy" rating to a "hold" rating in a research note on Wednesday, October 1st. Hsbc Global Res lowered Electronic Arts from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, Oppenheimer lowered Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $177.00.

Electronic Arts Price Performance

Shares of EA traded down $0.01 during trading hours on Wednesday, hitting $200.01. 3,883,058 shares of the stock were exchanged, compared to its average volume of 5,158,993. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $203.75. The company has a market cap of $50.04 billion, a price-to-earnings ratio of 50.13, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The stock's 50-day moving average price is $175.34 and its two-hundred day moving average price is $157.75.

Insider Transactions at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $155.49, for a total transaction of $388,725.00. Following the transaction, the insider owned 58,092 shares of the company's stock, valued at approximately $9,032,725.08. This represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 6,500 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the transaction, the chief financial officer directly owned 5,140 shares in the company, valued at approximately $1,045,476. The trade was a 55.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,000 shares of company stock worth $7,247,635 in the last 90 days. Insiders own 0.24% of the company's stock.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC increased its holdings in Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company's stock worth $26,000 after purchasing an additional 68 shares during the period. Moody National Bank Trust Division increased its holdings in shares of Electronic Arts by 1.4% in the 3rd quarter. Moody National Bank Trust Division now owns 5,125 shares of the game software company's stock valued at $1,034,000 after acquiring an additional 71 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company's stock valued at $323,000 after acquiring an additional 72 shares during the last quarter. Bank of Jackson Hole Trust increased its holdings in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after acquiring an additional 75 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in shares of Electronic Arts by 13.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company's stock valued at $102,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company's stock.

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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