Electronic Arts (NASDAQ:EA – Get Rating) had its price objective boosted by Barclays from $114.00 to $125.00 in a research note issued to investors on Tuesday, The Fly reports. Barclays’s price objective would indicate a potential upside of 1.12% from the company’s current price.
Several other research analysts also recently commented on EA. Robert W. Baird dropped their price target on Electronic Arts from $165.00 to $140.00 in a research report on Wednesday, May 11th. Ascendiant Capital Markets set a $160.00 price objective on Electronic Arts in a report on Monday, June 20th. Raymond James reduced their price objective on Electronic Arts from $158.00 to $150.00 in a research report on Wednesday, May 11th. Morgan Stanley reduced their price target on Electronic Arts from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, June 13th. Finally, Stifel Nicolaus cut their price objective on Electronic Arts from $165.00 to $155.00 in a research report on Thursday, April 21st. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.10.
Electronic Arts Stock Up 0.4 %
EA opened at $123.62 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.18 and a current ratio of 1.18. Electronic Arts has a 1 year low of $109.24 and a 1 year high of $147.76. The firm has a 50 day moving average price of $129.24 and a 200 day moving average price of $128.39. The company has a market cap of $34.56 billion, a PE ratio of 44.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.84.
Electronic Arts (NASDAQ:EA – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The game software company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.22). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.77 billion. Electronic Arts had a return on equity of 18.99% and a net margin of 11.29%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. Sell-side analysts expect that Electronic Arts will post 5.5 earnings per share for the current year.
Insiders Place Their Bets
In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $120.90, for a total value of $96,720.00. Following the completion of the transaction, the insider now owns 28,514 shares of the company’s stock, valued at $3,447,342.60. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, COO Laura Miele sold 3,100 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $119.23, for a total transaction of $369,613.00. Following the transaction, the chief operating officer now directly owns 20,329 shares in the company, valued at $2,423,826.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $120.90, for a total transaction of $96,720.00. Following the completion of the sale, the insider now directly owns 28,514 shares in the company, valued at $3,447,342.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,295 shares of company stock valued at $7,610,472. Insiders own 0.37% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Electronic Arts by 18.7% in the 1st quarter. Wellington Management Group LLP now owns 11,792,775 shares of the game software company’s stock valued at $1,491,902,000 after purchasing an additional 1,859,869 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Electronic Arts by 136.0% in the fourth quarter. Brown Advisory Inc. now owns 2,933,340 shares of the game software company’s stock worth $386,907,000 after acquiring an additional 1,690,224 shares during the last quarter. Norges Bank acquired a new stake in shares of Electronic Arts in the fourth quarter worth approximately $218,333,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Electronic Arts by 60.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,474,669 shares of the game software company’s stock worth $186,559,000 after acquiring an additional 557,935 shares during the last quarter. Finally, Pictet Asset Management SA raised its holdings in Electronic Arts by 84.0% in the fourth quarter. Pictet Asset Management SA now owns 1,186,652 shares of the game software company’s stock valued at $156,519,000 after buying an additional 541,858 shares during the period. Institutional investors and hedge funds own 89.28% 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.