Electronic Arts (NASDAQ:EA) Price Target Lowered to $140.00 at Benchmark

Electronic Arts (NASDAQ:EA) had its price objective reduced by equities researchers at Benchmark from $163.00 to $140.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the game software company’s stock. Benchmark’s price target suggests a potential upside of 9.92% from the stock’s previous close.

EA has been the topic of several other reports. Bank of America lifted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday. Robert W. Baird reduced their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Citigroup reduced their price objective on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Friday, January 31st. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.24.

Electronic Arts Price Performance

EA stock traded up $6.12 during trading on Wednesday, reaching $127.37. 2,689,589 shares of the company were exchanged, compared to its average volume of 4,169,278. Electronic Arts has a 52-week low of $115.21 and a 52-week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $33.41 billion, a P/E ratio of 32.89, a PEG ratio of 2.50 and a beta of 0.79. The stock’s 50 day moving average price is $145.96 and its 200 day moving average price is $147.66.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. As a group, analysts predict that Electronic Arts will post 5.02 earnings per share for the current fiscal year.

Insider Activity at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the sale, the insider now owns 28,216 shares in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $163.30, for a total transaction of $244,950.00. Following the sale, the executive vice president now directly owns 23,360 shares of the company’s stock, valued at approximately $3,814,688. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $3,562,510 over the last quarter. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts in the third quarter valued at $25,000. Pinnacle Bancorp Inc. lifted its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Electronic Arts in the fourth quarter valued at approximately $32,000. Reston Wealth Management LLC acquired a new position in shares of Electronic Arts during the 3rd quarter worth approximately $36,000. Finally, Bruce G. Allen Investments LLC raised its stake in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after acquiring an additional 166 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.