Electronic Arts (NASDAQ:EA) Receives Hold Rating from Stifel Nicolaus

Electronic Arts (NASDAQ:EA)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a $167.00 price target on the game software company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 12.92% from the company’s current price.

A number of other equities analysts have also recently weighed in on EA. Robert W. Baird raised their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Stock Down 1.4 %

EA opened at $147.89 on Wednesday. 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 business’s fifty day simple moving average is $156.76 and its 200 day simple moving average is $147.94. Electronic Arts has a 52 week low of $124.92 and a 52 week high of $168.50. The stock has a market cap of $38.79 billion, a PE ratio of 38.02, a P/E/G ratio of 2.14 and a beta of 0.79.

Insider Activity at Electronic Arts

In other Electronic Arts news, 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 transaction, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the transaction, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at $3,888,935.22. This represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $3,100,805 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently modified their holdings of EA. Larson Financial Group LLC grew its stake in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of Electronic Arts by 5.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Electronic Arts by 2.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after purchasing an additional 79 shares during the last quarter. Shepherd Financial Partners LLC boosted its stake in Electronic Arts by 1.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after purchasing an additional 88 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in Electronic Arts by 23.5% in the 2nd quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after purchasing an additional 94 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.