Stifel Nicolaus Reaffirms “Hold” Rating for Electronic Arts (NASDAQ:EA)

Electronic Arts (NASDAQ:EA)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a research note 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 indicates a potential upside of 7.89% from the stock’s previous close.

Several other research firms also recently weighed in on EA. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Robert W. Baird lifted their target price on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Argus increased their price target on Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Stock Performance

Shares of EA stock opened at $154.79 on Wednesday. The stock has a fifty day moving average price of $156.52 and a 200 day moving average price of $147.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $40.60 billion, a PE ratio of 39.79, a P/E/G ratio of 2.14 and a beta of 0.79. Electronic Arts has a 1 year low of $124.92 and a 1 year high of $168.50.

Insider Transactions at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were 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 29,190 shares of the company’s stock, valued at approximately $4,181,175.60. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $7,675,950.50. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,000 shares of company stock worth $3,100,805. 0.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

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.