Electronic Arts (NASDAQ:EA) Given New $167.00 Price Target at UBS Group

Electronic Arts (NASDAQ:EA - Get Free Report) had its price objective raised by equities research analysts at UBS Group from $152.00 to $167.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has a "neutral" rating on the game software company's stock. UBS Group's price target indicates a potential upside of 8.94% from the stock's previous close.

Several other research analysts also recently commented on the stock. Morgan Stanley raised their price target on shares of Electronic Arts from $135.00 to $148.00 and gave the company an "equal weight" rating in a report on Wednesday. Benchmark lifted their price objective on Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Roth Mkm decreased their target price on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. DA Davidson began coverage on Electronic Arts in a research report on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target for the company. Finally, Wedbush restated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a research report on Thursday, January 23rd. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Electronic Arts presently has a consensus rating of "Hold" and a consensus price target of $161.83.

Electronic Arts Stock Performance

Shares of NASDAQ:EA traded down $2.36 during midday trading on Wednesday, reaching $153.30. 2,921,660 shares of the company traded hands, compared to its average volume of 2,700,805. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The firm's fifty day moving average price is $143.36 and its two-hundred day moving average price is $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. The firm has a market capitalization of $39.95 billion, a price-to-earnings ratio of 39.01, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

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

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $155.57, for a total value of $388,925.00. Following the completion of the transaction, the insider now owns 40,189 shares of the company's stock, valued at approximately $6,252,202.73. This represents a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total value of $650,700.00. Following the sale, the chief executive officer now owns 37,615 shares in the company, valued at $4,895,216.10. This represents a 11.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock worth $3,118,120 in the last 90 days. Company insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently added to or reduced their stakes in EA. Putney Financial Group LLC purchased a new position in Electronic Arts during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Electronic Arts during the first quarter valued at approximately $28,000. Pinnacle Bancorp Inc. grew its stake in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after buying an additional 117 shares during the last quarter. Bank of Jackson Hole Trust increased its position in 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 buying an additional 75 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Electronic Arts during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

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.