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

Electronic Arts Inc. (NASDAQ:EA) has received an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $147.00.

A number of research analysts recently weighed in on EA shares. UBS Group decreased their target price on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Stifel Nicolaus raised their target price on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Benchmark reissued a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Wedbush reissued an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Oppenheimer reissued an “outperform” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Tuesday.

Insider Buying and Selling at Electronic Arts

In related news, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was 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 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 company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EA. Vanguard Group Inc. grew its stake in shares of Electronic Arts by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock worth $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. Capital International Investors grew its stake in shares of Electronic Arts by 8.3% in the 4th quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock worth $693,318,000 after acquiring an additional 386,630 shares in the last quarter. Invesco Ltd. grew its stake in shares of Electronic Arts by 7.8% in the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock worth $500,449,000 after acquiring an additional 301,194 shares in the last quarter. FIL Ltd grew its stake in shares of Electronic Arts by 4.4% in the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock worth $469,011,000 after acquiring an additional 145,466 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Electronic Arts by 13.0% in the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock worth $408,084,000 after acquiring an additional 389,063 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of Electronic Arts stock opened at $127.90 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 1.78 and a beta of 0.76. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53. The firm’s 50-day moving average price is $133.38 and its two-hundred day moving average price is $134.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.40 billion. Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.29 earnings per share. On average, equities analysts predict that Electronic Arts will post 5.35 earnings per share for the current fiscal 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.