Electronic Arts (NASDAQ:EA) Price Target Raised to $185.00

Electronic Arts (NASDAQ:EA - Get Free Report) had its price objective raised by equities research analysts at Oppenheimer from $170.00 to $185.00 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm presently has an "outperform" rating on the game software company's stock. Oppenheimer's target price would indicate a potential upside of 20.68% from the stock's previous close.

EA has been the subject of several other research reports. Ascendiant Capital Markets raised their price target on Electronic Arts from $157.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Moffett Nathanson reissued a "neutral" rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday. Stifel Nicolaus decreased their price target on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley boosted their price objective on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, HSBC upgraded shares of Electronic Arts from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Wednesday. Fifteen 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 company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $161.83.

Electronic Arts Price Performance

Shares of EA traded down $2.36 on Wednesday, reaching $153.30. The stock had a trading volume of 2,921,660 shares, compared to its average volume of 2,700,805. Electronic Arts has a twelve month low of $115.21 and a twelve month high of $168.50. The firm has a market capitalization of $39.95 billion, a PE ratio of 39.01, a PEG ratio of 3.58 and a beta of 0.74. The firm has a 50-day moving average of $143.36 and a 200 day moving average of $144.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Sell-side analysts expect that Electronic Arts will post 4.71 EPS for the current year.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the sale, the insider now owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. The trade was a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now directly owns 26,216 shares in the company, valued at $3,801,320. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock valued at $3,118,120 in the last ninety days. Insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Electronic Arts in the 1st quarter worth about $1,766,000. Charles Schwab Investment Management Inc. boosted its position in shares of Electronic Arts by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,477,089 shares of the game software company's stock valued at $213,469,000 after purchasing an additional 20,569 shares during the period. ASR Vermogensbeheer N.V. purchased a new position in Electronic Arts in the 1st quarter worth about $2,469,000. Vanguard Group Inc. raised its holdings in Electronic Arts by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock worth $4,198,607,000 after buying an additional 150,438 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Electronic Arts by 62.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after purchasing an additional 1,254,194 shares in the last quarter. Institutional investors own 90.23% 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.