Electronic Arts (NASDAQ:EA) Price Target Cut to $135.00

Electronic Arts (NASDAQ:EA - Get Free Report) had its price objective decreased by stock analysts at Roth Mkm from $140.00 to $135.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the game software company's stock. Roth Mkm's price target suggests a potential upside of 5.32% from the company's previous close.

EA has been the topic of several other reports. Wedbush reiterated an "outperform" rating and issued a $162.00 target price on shares of Electronic Arts in a research note on Wednesday, January 31st. Benchmark restated a "buy" rating and issued a $153.00 target price on shares of Electronic Arts in a research note on Thursday, April 18th. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a "neutral" rating for the company in a research report on Wednesday, March 27th. Finally, Oppenheimer reiterated an "outperform" rating and set a $150.00 target price on shares of Electronic Arts in a research report on Tuesday, April 23rd. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.72.

Electronic Arts Stock Performance

NASDAQ EA traded up $1.36 on Wednesday, reaching $128.18. The stock had a trading volume of 1,819,787 shares, compared to its average volume of 1,984,558. The stock has a market cap of $34.27 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. Electronic Arts has a 12-month low of $117.47 and a 12-month high of $144.53. The business's 50-day moving average price is $132.81 and its 200 day moving average price is $134.52. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33.

Electronic Arts (NASDAQ:EA - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a return on equity of 20.58% and a net margin of 14.09%. The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The company's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts expect that Electronic Arts will post 5.35 earnings per share for the current year.

Insider Activity

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $137.43, for a total transaction of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares of the company's stock, valued at $3,941,904.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Laura Miele sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total transaction of $274,860.00. Following the sale, the chief operating officer now owns 38,548 shares in the company, valued at $5,297,651.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vijayanthimala Singh sold 800 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $137.43, for a total value of $109,944.00. Following the completion of the transaction, the insider now owns 28,683 shares of the company's stock, valued at $3,941,904.69. The disclosure for this sale can be found here. Insiders have sold 37,144 shares of company stock worth $5,114,335 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Electronic Arts

Hedge funds have recently modified their holdings of the stock. Retirement Systems of Alabama raised its position in shares of Electronic Arts by 3.6% in the 1st quarter. Retirement Systems of Alabama now owns 664,662 shares of the game software company's stock worth $88,181,000 after buying an additional 23,218 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company's stock worth $26,000 after purchasing an additional 150 shares during the period. Norden Group LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at about $1,236,000. Van ECK Associates Corp grew its holdings in shares of Electronic Arts by 18.2% during the 1st quarter. Van ECK Associates Corp now owns 404,713 shares of the game software company's stock worth $53,693,000 after purchasing an additional 62,415 shares during the period. Finally, SpiderRock Advisors LLC acquired a new stake in Electronic Arts during the 1st quarter worth approximately $359,000. 90.23% of the stock is owned by institutional investors and hedge funds.

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.