Stifel Nicolaus Cuts Electronic Arts (NASDAQ:EA) Price Target to $159.00

Electronic Arts (NASDAQ:EA) had its price target dropped by stock analysts at Stifel Nicolaus from $167.00 to $159.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the game software company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 11.42% from the stock’s previous close.

Several other analysts also recently issued reports on EA. Wedbush reissued an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research note on Friday, October 25th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Argus lifted their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group raised their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Roth Mkm upped their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.95.

Electronic Arts Trading Up 0.5 %

Shares of Electronic Arts stock traded up $0.71 during trading on Tuesday, hitting $142.71. The stock had a trading volume of 944,784 shares, compared to its average volume of 2,046,407. Electronic Arts has a 1 year low of $124.92 and a 1 year high of $168.50. The stock has a 50 day simple moving average of $155.04 and a 200 day simple moving average of $149.21. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $37.43 billion, a PE ratio of 36.70, a P/E/G ratio of 1.86 and a beta of 0.80.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares of the company’s stock, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,500 shares of company stock valued at $3,637,660 in the last quarter. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Several large investors have recently added to or reduced their stakes in EA. Frank Rimerman Advisors LLC boosted its position in shares of Electronic Arts by 8,641.4% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,535 shares of the game software company’s stock valued at $353,000 after acquiring an additional 2,506 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Electronic Arts by 28.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the game software company’s stock valued at $209,000 after purchasing an additional 306 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Electronic Arts by 97.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock valued at $1,110,000 after purchasing an additional 3,936 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Electronic Arts by 0.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 22,946 shares of the game software company’s stock worth $3,197,000 after buying an additional 159 shares in the last quarter. Finally, Providence Capital Advisors LLC lifted its position in shares of Electronic Arts by 0.5% during the 2nd quarter. Providence Capital Advisors LLC now owns 43,315 shares of the game software company’s stock worth $6,035,000 after buying an additional 200 shares during the period. 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.