Electronic Arts (NASDAQ:EA) Price Target Raised to $132.00 at Bank of America

Electronic Arts (NASDAQ:EA) had its price objective raised by stock analysts at Bank of America from $130.00 to $132.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the game software company’s stock. Bank of America‘s price target suggests a potential upside of 8.87% from the stock’s current price.

Several other research analysts have also recently commented on EA. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.48.

Electronic Arts Price Performance

EA stock opened at $121.25 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $31.80 billion, a PE ratio of 31.17, a P/E/G ratio of 2.50 and a beta of 0.79. The business’s fifty day moving average price is $145.96 and its 200 day moving average price is $147.66. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. On average, sell-side analysts anticipate that Electronic Arts will post 5.02 EPS for the current year.

Insider Transactions at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,500 shares of company stock worth $3,562,510. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Electronic Arts by 0.4% during the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after buying an additional 26,505 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Electronic Arts by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock worth $261,772,000 after acquiring an additional 23,289 shares in the last quarter. Swedbank AB grew its holdings in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the period. Los Angeles Capital Management LLC increased its stake in Electronic Arts by 353.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,269,258 shares of the game software company’s stock valued at $185,692,000 after purchasing an additional 989,319 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after purchasing an additional 373,730 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.