Electronic Arts (NASDAQ:EA) Price Target Raised to $175.00 at Robert W. Baird

Electronic Arts (NASDAQ:EA) had its price objective upped by Robert W. Baird from $170.00 to $175.00 in a report issued on Wednesday, Benzinga reports. They currently have an outperform rating on the game software company’s stock.

A number of other equities analysts have also recently issued reports on EA. TD Cowen boosted their price objective on shares of Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 price objective on shares of Electronic Arts in a research report on Wednesday, September 18th. BNP Paribas upgraded shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Bank of America boosted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Wedbush reiterated an “outperform” rating and set a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $163.65.

Electronic Arts Stock Performance

Electronic Arts stock opened at $149.14 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $39.63 billion, a PE ratio of 31.87, a P/E/G ratio of 1.97 and a beta of 0.79. The firm has a fifty day simple moving average of $144.81 and a two-hundred day simple moving average of $139.95. Electronic Arts has a twelve month low of $121.63 and a twelve month high of $153.51.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Research analysts expect that Electronic Arts will post 5.93 EPS for the current year.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total transaction of $223,980.00. Following the transaction, the executive vice president now owns 27,860 shares in the company, valued at $4,160,055.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now owns 54,247 shares in the company, valued at approximately $7,675,950.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,770 shares of company stock worth $3,652,410. Corporate insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. raised its position in Electronic Arts by 2.9% in the second quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after acquiring an additional 79 shares during the period. Shepherd Financial Partners LLC raised its position in Electronic Arts by 1.6% in the third quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock worth $816,000 after acquiring an additional 88 shares during the period. Grove Bank & Trust raised its position in Electronic Arts by 23.5% in the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after acquiring an additional 94 shares during the period. CWM LLC raised its position in Electronic Arts by 1.5% in the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock worth $904,000 after acquiring an additional 95 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its position in Electronic Arts by 4.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock worth $291,000 after acquiring an additional 97 shares during the period. 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.