Morgan Stanley Forecasts Strong Price Appreciation for Electronic Arts (NASDAQ:EA) Stock

Electronic Arts (NASDAQ:EA - Get Free Report) had its target price boosted by analysts at Morgan Stanley from $135.00 to $148.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the game software company's stock. Morgan Stanley's target price would indicate a potential downside of 3.46% from the stock's previous close.

Several other equities analysts have also recently issued reports on the company. DA Davidson began coverage on Electronic Arts in a research note on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective for the company. UBS Group lifted their price target on shares of Electronic Arts from $138.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Ascendiant Capital Markets increased their price objective on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price objective for the company. in a research report on Monday, January 27th. Finally, Robert W. Baird dropped their target price on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Fifteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $161.83.

Electronic Arts Stock Down 1.5 %

Electronic Arts stock traded down $2.36 during mid-day trading on Wednesday, reaching $153.30. 2,921,660 shares of the company's stock were exchanged, compared to its average volume of 2,700,805. 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 has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a market cap of $39.95 billion, a P/E ratio of 39.01, a P/E/G ratio of 3.58 and a beta of 0.74. The company has a fifty day moving average of $143.36 and a 200-day moving average of $144.90.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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 Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $145.65, for a total transaction of $218,475.00. Following the transaction, the executive vice president now owns 19,033 shares in the company, valued at approximately $2,772,156.45. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the sale, the chief financial officer now directly owns 9,516 shares of the company's stock, valued at $1,238,126.76. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,000 shares of company stock worth $3,118,120. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Putney Financial Group LLC purchased a new position in shares of Electronic Arts in the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts during the first quarter worth about $28,000. Pinnacle Bancorp Inc. increased its holdings in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after buying an additional 117 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in shares of Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company's stock valued at $30,000 after acquiring an additional 75 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the 4th quarter worth approximately $32,000. Hedge funds and other 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.