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

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Electronic Arts, reflecting cautious sentiment from analysts about the company's stock performance.
• Electronic Arts shares are currently priced around $200.84 with a market capitalization of $50.25 billion, showcasing a significant price increase from a 52-week low of $115.21.
• Institutional investors hold a significant stake in Electronic Arts, with 90.23% of shares owned by hedge funds and institutional investors.

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

A number of other analysts have also recently commented on the company. Oppenheimer cut Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 30th. Citigroup reissued a "neutral" rating on shares of Electronic Arts in a research note on Friday, September 26th. BMO Capital Markets boosted their target price on shares of Electronic Arts from $166.00 to $210.00 and gave the company a "market perform" rating in a research note on Tuesday, September 30th. Wedbush reissued a "neutral" rating and issued a $200.00 target price on shares of Electronic Arts in a research note on Monday, September 29th. Finally, Zacks Research raised shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $179.38.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $200.84 on Friday. The stock has a market cap of $50.25 billion, a price-to-earnings ratio of 50.34, a PEG ratio of 3.05 and a beta of 0.77. Electronic Arts has a 52 week low of $115.21 and a 52 week high of $203.75. The company's 50-day moving average price is $183.25 and its 200 day moving average price is $162.57. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $201.79, for a total transaction of $504,475.00. Following the completion of the sale, the insider owned 53,092 shares of the company's stock, valued at approximately $10,713,434.68. This represents a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,200 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.80, for a total transaction of $240,960.00. Following the sale, the executive vice president directly owned 24,880 shares of the company's stock, valued at approximately $4,995,904. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,900 shares of company stock worth $7,748,187. Insiders own 0.24% of the company's stock.

Institutional Trading of Electronic Arts

A number of institutional investors and hedge funds have recently bought and sold shares of EA. Ameriprise Financial Inc. increased its position in Electronic Arts by 197.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,916,693 shares of the game software company's stock worth $421,524,000 after purchasing an additional 1,936,313 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Electronic Arts during the 1st quarter worth approximately $225,102,000. Nuveen LLC purchased a new position in Electronic Arts in the 1st quarter worth approximately $203,537,000. Goldman Sachs Group Inc. grew its position in Electronic Arts by 62.7% in the first 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 in the last quarter. Finally, Acadian Asset Management LLC grew its position in 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 valued at $297,465,000 after acquiring an additional 1,189,455 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

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.

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