Electronic Arts (NASDAQ:EA) Upgraded by Moffett Nathanson to Buy Rating

Electronic Arts (NASDAQ:EA) was upgraded by investment analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat reports. The brokerage presently has a $145.00 price target on the game software company’s stock. Moffett Nathanson’s price objective points to a potential upside of 22.18% from the company’s previous close.

Several other research analysts have also weighed in on EA. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and upped their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Bank of America downgraded Electronic Arts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $170.00 to $130.00 in a report on Thursday, January 23rd. BNP Paribas downgraded shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a research report on Monday. Oppenheimer reduced their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Finally, UBS Group increased their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.43.

Electronic Arts Price Performance

EA opened at $118.68 on Friday. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $31.13 billion, a P/E ratio of 30.51, a PEG ratio of 2.38 and a beta of 0.80. The stock has a fifty day moving average of $148.54 and a 200-day moving average of $148.09.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the transaction, the insider now owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $3,835,555 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. lifted its stake in Electronic Arts by 51.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock valued at $160,893,000 after purchasing an additional 373,730 shares during the last quarter. abrdn plc raised its holdings in Electronic Arts by 59.2% in the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company’s stock valued at $123,484,000 after acquiring an additional 319,335 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Electronic Arts by 8,503.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company’s stock worth $45,626,000 after purchasing an additional 314,388 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $40,154,000. Finally, Huntington National Bank increased its stake in shares of Electronic Arts by 983.4% in the 3rd quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the last quarter. Institutional investors 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.