Electronic Arts (NASDAQ:EA) Price Target Increased to $155.00 by Analysts at UBS Group

Electronic Arts (NASDAQ:EA) had its target price lifted by UBS Group from $143.00 to $155.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the game software company’s stock. UBS Group’s target price suggests a potential upside of 2.51% from the stock’s current price.

Several other brokerages have also recently weighed in on EA. The Goldman Sachs Group boosted their target price on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Jefferies Financial Group assumed coverage on Electronic Arts in a research note on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective on the stock. Roth Mkm upped their target price on shares of Electronic Arts from $135.00 to $152.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Morgan Stanley raised their price target on Electronic Arts from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.11.

Electronic Arts Stock Performance

NASDAQ EA traded up $2.09 during mid-day trading on Wednesday, reaching $151.21. 1,240,302 shares of the stock were exchanged, compared to its average volume of 2,156,442. Electronic Arts has a 1 year low of $117.47 and a 1 year high of $151.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $40.18 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.32 and a beta of 0.79. The business’s 50 day moving average is $139.29 and its 200-day moving average is $135.71.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.17). The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. On average, equities research analysts forecast that Electronic Arts will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Eric Charles Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total value of $401,250.00. Following the sale, the chief accounting officer now owns 7,458 shares in the company, valued at approximately $997,507.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $132.88, for a total value of $106,304.00. Following the completion of the transaction, the insider now owns 39,374 shares of the company’s stock, valued at $5,232,017.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Eric Charles Kelly sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total value of $401,250.00. Following the sale, the chief accounting officer now owns 7,458 shares in the company, valued at approximately $997,507.50. The disclosure for this sale can be found here. Insiders have sold 23,239 shares of company stock valued at $3,197,469 over the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EA. BI Asset Management Fondsmaeglerselskab A S grew its position in Electronic Arts by 82.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after acquiring an additional 11,343 shares during the period. FORA Capital LLC lifted its position in shares of Electronic Arts by 209.7% during the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after purchasing an additional 31,136 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Electronic Arts in the 1st quarter worth approximately $1,711,000. Eaton Financial Holdings Company LLC acquired a new position in Electronic Arts in the fourth quarter worth $1,259,000. Finally, Value Partners Investments Inc. increased its stake in Electronic Arts by 33.5% during the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after purchasing an additional 107,709 shares during the last quarter. Institutional investors and hedge funds 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.