Electronic Arts (NASDAQ:EA) Price Target Raised to $158.00 at Roth Mkm

Electronic Arts (NASDAQ:EA) had its target price increased by Roth Mkm from $154.00 to $158.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a neutral rating on the game software company’s stock.

A number of other research analysts also recently weighed in on the company. Bank of America upped their price target on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price target for the company from $148.00 to $161.00 in a research report on Monday, July 15th. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised their price objective on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.65.

Electronic Arts Stock Up 2.4 %

Electronic Arts stock opened at $149.14 on Wednesday. The company has a market capitalization of $39.63 billion, a PE ratio of 31.87, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts has a 12-month low of $121.63 and a 12-month high of $153.51. The firm’s fifty day moving average is $144.81 and its 200 day moving average is $139.95. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. As a group, sell-side analysts predict that Electronic Arts will post 5.93 EPS for the current fiscal year.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares in the company, valued at $7,675,950.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the sale, the chief executive officer now owns 54,247 shares of the company’s stock, valued at approximately $7,675,950.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the transaction, the insider now directly owns 31,190 shares of the company’s stock, valued at $4,675,692.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock worth $3,652,410 in the last 90 days. Insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Several hedge funds have recently made changes to their positions in EA. Greenwood Capital Associates LLC purchased a new position in shares of Electronic Arts in the third quarter worth about $5,597,000. QRG Capital Management Inc. boosted its holdings in Electronic Arts by 1.2% in the 3rd quarter. QRG Capital Management Inc. now owns 31,361 shares of the game software company’s stock worth $4,498,000 after buying an additional 366 shares during the period. Asset Management One Co. Ltd. grew its stake in Electronic Arts by 0.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 152,653 shares of the game software company’s stock valued at $21,897,000 after buying an additional 1,127 shares in the last quarter. National Pension Service raised its holdings in Electronic Arts by 11.8% during the 3rd quarter. National Pension Service now owns 829,138 shares of the game software company’s stock valued at $118,932,000 after acquiring an additional 87,327 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Electronic Arts by 12.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 726,016 shares of the game software company’s stock worth $104,140,000 after acquiring an additional 81,784 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

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.