Electronic Arts (NASDAQ:EA) Price Target Raised to $170.00

Electronic Arts (NASDAQ:EA) had its price target raised by stock analysts at Robert W. Baird from $150.00 to $170.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the game software company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 14.00% from the stock’s previous close.

Several other brokerages have also issued reports on EA. StockNews.com raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Jefferies Financial Group initiated coverage on shares of Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 target price on the stock. 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 report on Monday. The Goldman Sachs Group boosted their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Oppenheimer raised their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Moderate Buy” and an average target price of $154.37.

Electronic Arts Stock Up 0.9 %

Shares of NASDAQ:EA opened at $149.12 on Wednesday. Electronic Arts has a 12 month low of $117.47 and a 12 month high of $150.90. 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 quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $139.29 and its two-hundred day moving average price is $135.71.

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

Insider Activity at Electronic Arts

In other news, CAO Eric Charles Kelly sold 3,000 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now owns 7,458 shares of the company’s stock, valued at $997,507.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Eric Charles Kelly sold 3,000 shares of the firm’s 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 completion of the transaction, the chief accounting officer now directly owns 7,458 shares of the company’s stock, valued at approximately $997,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the transaction, the chief executive officer now owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The disclosure for this sale can be found here. In the last three months, insiders sold 23,239 shares of company stock worth $3,197,469. 0.22% of the stock is owned by company insiders.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently modified their holdings of EA. Raymond James & Associates increased its position in shares of Electronic Arts by 24.1% during the 4th 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. grew its stake in shares of 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 valued at $4,423,000 after buying an additional 4,344 shares in the last quarter. Blue Trust Inc. increased its holdings in Electronic Arts by 58.5% during the fourth quarter. Blue Trust Inc. now owns 618 shares of the game software company’s stock worth $85,000 after buying an additional 228 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Electronic Arts during the fourth quarter worth $227,000. Finally, Venturi Wealth Management LLC lifted its stake 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 valued at $31,000 after acquiring an additional 102 shares during the last quarter. 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.