JPMorgan Chase & Co. Raises Electronic Arts (NASDAQ:EA) Price Target to $135.00

Electronic Arts (NASDAQ:EA - Get Free Report) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $125.00 to $135.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the game software company's stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 7.91% from the company's current price.

EA has been the topic of several other research reports. StockNews.com cut shares of Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Roth Mkm cut their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Morgan Stanley cut their target price on Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Oppenheimer reduced their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Finally, Stifel Nicolaus dropped their price target on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $154.22.

Electronic Arts Stock Performance

EA traded up $0.41 during trading hours on Tuesday, hitting $146.60. The company's stock had a trading volume of 1,836,648 shares, compared to its average volume of 2,650,466. The company has a 50-day simple moving average of $139.36 and a 200 day simple moving average of $144.47. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $38.21 billion, a PE ratio of 37.30, a PEG ratio of 3.58 and a beta of 0.79. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued 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 14.28% and a return on equity of 17.80%. As a group, sell-side analysts expect that Electronic Arts will post 4.71 EPS for the current year.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the transaction, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the sale, the chief executive officer now owns 27,615 shares of the company's stock, valued at approximately $4,014,392.55. This represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock valued at $3,032,740 over the last ninety days. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Putney Financial Group LLC acquired a new position in shares of Electronic Arts during the 4th quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in Electronic Arts during the 1st quarter worth approximately $28,000. Pinnacle Bancorp Inc. grew its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after purchasing an additional 117 shares during the period. Whipplewood Advisors LLC bought a new stake in Electronic Arts in the fourth quarter valued at approximately $32,000. Finally, LGT Financial Advisors LLC acquired a new stake in Electronic Arts in the fourth quarter worth $33,000. 90.23% of the stock is owned by institutional investors.

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.