Electronic Arts (NASDAQ:EA) Rating Reiterated by BMO Capital Markets

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reissued by analysts at BMO Capital Markets in a research note issued on Wednesday, Benzinga reports. They currently have a $160.00 target price on the game software company’s stock, up from their prior target price of $154.00. BMO Capital Markets’ target price points to a potential upside of 8.04% from the company’s previous close.

Several other research firms have also commented on EA. JPMorgan Chase & Co. raised their price target on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Citigroup downgraded Electronic Arts from a “buy” rating to a “neutral” rating and lifted their target price for the company from $148.00 to $161.00 in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Robert W. Baird upped their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Oppenheimer raised their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Eight equities research 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 stock. According to MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus target price of $163.71.

Electronic Arts Stock Up 1.7 %

Shares of NASDAQ EA traded up $2.48 during mid-day trading on Wednesday, reaching $148.10. The company had a trading volume of 353,175 shares, compared to its average volume of 2,041,667. The firm has a 50 day simple moving average of $144.83 and a two-hundred day simple moving average of $139.88. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock has a market cap of $39.36 billion, a P/E ratio of 31.36, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts has a 52-week low of $121.63 and a 52-week high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. Sell-side analysts predict that Electronic Arts will post 5.93 earnings per share for the current year.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 7,384 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares of the company’s stock, valued at approximately $4,675,692.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Stuart Canfield sold 1,260 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the transaction, the chief financial officer now owns 7,553 shares in the company, valued at approximately $1,120,638.61. This trade 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 accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock valued at $3,652,410 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Electronic Arts

Several institutional investors and hedge funds have recently bought and sold shares of EA. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Electronic Arts by 82.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock valued at $3,327,000 after buying an additional 11,343 shares during the last quarter. FORA Capital LLC grew its stake in shares of Electronic Arts by 209.7% in the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after acquiring an additional 31,136 shares during the period. Duality Advisers LP bought a new position in Electronic Arts during the first quarter valued at approximately $1,711,000. State Board of Administration of Florida Retirement System boosted its holdings in Electronic Arts by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after purchasing an additional 41,567 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares during the last quarter. 90.23% of the stock is currently 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.