Electronic Arts (NASDAQ:EA) Receives “Buy” Rating from Benchmark

by · The Cerbat Gem

Benchmark reiterated their buy rating on shares of Electronic Arts (NASDAQ:EA – Free Report) in a research note released on Wednesday, Benzinga reports. They currently have a $163.00 price objective on the game software company’s stock.

A number of other equities research analysts have also commented on the company. Bank of America increased their price target on Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Oppenheimer raised their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group upped their target price on Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.65.

Read Our Latest Research Report on EA

Electronic Arts Trading Up 2.4 %

NASDAQ:EA opened at $149.14 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.45. Electronic Arts has a one year low of $121.63 and a one year high of $153.51. The company has a market cap of $39.63 billion, a PE ratio of 31.87, a PEG ratio of 1.97 and a beta of 0.79. The firm has a 50-day moving average of $144.81 and a 200-day moving average of $139.95.

Electronic Arts (NASDAQ:EA – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, equities research analysts expect that Electronic Arts will post 5.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 7,384 shares of Electronic Arts stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Vijayanthimala Singh sold 7,384 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the sale, the chief executive officer now directly owns 54,247 shares in the company, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,770 shares of company stock valued at $3,652,410. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Large investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the second quarter worth about $28,000. Family Firm Inc. bought a new stake in Electronic Arts during the second quarter valued at approximately $33,000. New Covenant Trust Company N.A. purchased a new position in Electronic Arts in the 1st quarter worth approximately $35,000. Reston Wealth Management LLC bought a new position in shares of Electronic Arts in the 3rd quarter worth $36,000. Finally, Gradient Investments LLC raised its position in shares of Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after buying an additional 225 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Company Profile

(Get Free Report)

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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