DA Davidson Upgrades Electronic Arts (NASDAQ:EA) to “Hold”

Electronic Arts (NASDAQ:EA) was upgraded by analysts at DA Davidson to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. Wedbush restated an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a report on Friday, January 31st. Roth Mkm cut their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Finally, Robert W. Baird cut their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $154.55.

Electronic Arts Price Performance

Shares of EA stock opened at $129.34 on Tuesday. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $33.71 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 3.54 and a beta of 0.79. The stock’s 50-day simple moving average is $138.27 and its 200-day simple moving average is $146.45.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, equities analysts forecast that Electronic Arts will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now directly owns 47,514 shares of the company’s stock, valued at $6,216,256.62. The trade was a 5.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,500 shares of company stock worth $2,812,285. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Several institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its stake in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after acquiring an additional 70 shares in the last quarter. Claro Advisors LLC increased its position in shares of Electronic Arts by 3.4% during the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after purchasing an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position 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 worth $225,000 after purchasing an additional 76 shares in the last quarter. Intrust Bank NA boosted its position in shares of Electronic Arts by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock valued at $362,000 after purchasing an additional 78 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock worth $119,000 after buying an additional 81 shares during the last quarter. Hedge funds and other 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.