UBS Group Raises Electronic Arts (NASDAQ:EA) Price Target to $152.00

Electronic Arts (NASDAQ:EA) had its target price raised by analysts at UBS Group from $138.00 to $152.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the game software company’s stock. UBS Group’s target price indicates a potential upside of 5.18% from the company’s current price.

A number of other research firms also recently weighed in on EA. Stifel Nicolaus decreased their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Bank of America boosted their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Moffett Nathanson raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Friday, January 31st. Ascendiant Capital Markets upped their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, StockNews.com downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.30.

Electronic Arts Stock Down 0.2 %

NASDAQ EA traded down $0.35 during trading on Thursday, hitting $144.52. The stock had a trading volume of 1,482,388 shares, compared to its average volume of 2,546,982. The company has a market capitalization of $37.66 billion, a PE ratio of 36.77, a P/E/G ratio of 3.58 and a beta of 0.78. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The company’s 50-day moving average price is $133.20 and its two-hundred day moving average price is $144.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts forecast that Electronic Arts will post 4.71 EPS for the current year.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,000 shares of company stock valued at $3,015,990. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jacobs & Co. CA boosted its position in Electronic Arts by 1.2% in the first quarter. Jacobs & Co. CA now owns 59,117 shares of the game software company’s stock valued at $8,543,000 after buying an additional 681 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Electronic Arts by 4.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,951 shares of the game software company’s stock valued at $282,000 after purchasing an additional 84 shares in the last quarter. DSG Capital Advisors LLC bought a new stake in shares of Electronic Arts during the fourth quarter worth about $677,000. California State Teachers Retirement System raised its holdings in Electronic Arts by 2.8% in the 4th quarter. California State Teachers Retirement System now owns 434,672 shares of the game software company’s stock valued at $63,593,000 after buying an additional 11,949 shares during the last quarter. Finally, 111 Capital bought a new stake in Electronic Arts during the 4th quarter worth approximately $624,000. 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.