Electronic Arts (NASDAQ:EA) PT Raised to $150.00

Electronic Arts (NASDAQ:EA) had its price target upped by equities research analysts at The Goldman Sachs Group from $139.00 to $150.00 in a research note issued on Wednesday, Briefing.com reports. The firm currently has a “neutral” rating on the game software company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 0.59% from the stock’s current price.

EA has been the subject of a number of other reports. BMO Capital Markets restated an “outperform” rating and set a $154.00 price objective on shares of Electronic Arts in a research note on Tuesday. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and issued a $162.00 price target on shares of Electronic Arts in a research note on Wednesday, May 8th. Benchmark reiterated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research note on Thursday, July 18th. Finally, Roth Mkm lifted their price target on shares of Electronic Arts from $135.00 to $152.00 and gave the stock a “neutral” rating in a research note on Monday. Ten 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 “Moderate Buy” and an average target price of $153.32.

Electronic Arts Stock Up 0.9 %

NASDAQ:EA opened at $149.12 on Wednesday. The firm has a market cap of $39.63 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37. Electronic Arts has a fifty-two week low of $117.47 and a fifty-two week high of $150.90. The firm has a 50-day simple moving average of $139.29 and a two-hundred day simple moving average of $135.71.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 7th. The game software company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. Analysts predict that Electronic Arts will post 5.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total transaction of $127,150.00. Following the transaction, the executive vice president now owns 17,426 shares of the company’s stock, valued at $2,215,715.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Eric Charles Kelly sold 3,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $133.75, for a total transaction of $401,250.00. Following the sale, the chief accounting officer now owns 7,458 shares in the company, valued at $997,507.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $127.15, for a total transaction of $127,150.00. Following the sale, the executive vice president now owns 17,426 shares in the company, valued at approximately $2,215,715.90. 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 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates increased its position in Electronic Arts by 24.1% in the fourth quarter. Raymond James & Associates now owns 77,201 shares of the game software company’s stock worth $10,562,000 after purchasing an additional 14,969 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Electronic Arts by 15.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,332 shares of the game software company’s stock worth $4,423,000 after purchasing an additional 4,344 shares during the last quarter. Blue Trust Inc. increased its position in Electronic Arts by 58.5% in the fourth quarter. Blue Trust Inc. now owns 618 shares of the game software company’s stock worth $85,000 after purchasing an additional 228 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Electronic Arts in the fourth quarter worth $227,000. Finally, Venturi Wealth Management LLC increased its position in Electronic Arts by 81.0% in the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after purchasing an additional 102 shares during the last quarter. Institutional investors 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.