Electronic Arts (NASDAQ:EA) Price Target Raised to $152.00 at UBS Group

Electronic Arts (NASDAQ:EA) had its target price boosted by equities research analysts at UBS Group from $138.00 to $152.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the game software company’s stock. UBS Group’s target price suggests a potential upside of 5.18% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Bank of America lifted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, January 27th. Benchmark raised their price target on shares of Electronic Arts from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Robert W. Baird dropped their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Finally, BMO Capital Markets reduced their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average price target of $155.30.

Electronic Arts Trading Down 0.2 %

EA stock traded down $0.35 during trading on Thursday, hitting $144.52. The company had a trading volume of 1,482,388 shares, compared to its average volume of 2,546,982. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts has a one year low of $115.21 and a one year high of $168.50. The business has a 50-day moving average of $133.20 and a 200-day moving average of $144.63. The stock has a market cap of $37.66 billion, a PE ratio of 36.77, a PEG ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Research analysts predict that Electronic Arts will post 4.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the completion of the transaction, the executive vice president now directly owns 23,386 shares of the company’s stock, valued at $3,354,721.70. This trade represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. The trade was a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,015,990 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Putney Financial Group LLC purchased a new stake in shares of Electronic Arts during the 4th quarter valued at $26,000. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth about $32,000. LGT Financial Advisors LLC purchased a new position in shares of Electronic Arts in the 4th quarter worth about $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at about $37,000. 90.23% of the stock is currently owned by institutional investors.

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.