Benchmark Raises Electronic Arts (NASDAQ:EA) Price Target to $180.00

Electronic Arts (NASDAQ:EA) had its price objective lifted by Benchmark from $160.00 to $180.00 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the game software company’s stock. Benchmark’s price target points to a potential upside of 15.64% from the company’s current price.

Several other analysts also recently commented on EA. Bank of America raised their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. TD Cowen raised their price target on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group upped their price objective on shares of Electronic Arts from $152.00 to $167.00 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, DA Davidson initiated coverage on Electronic Arts in a research report on Wednesday, February 19th. They issued a “neutral” rating and a $140.00 target price for the company. Fifteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $161.83.

Electronic Arts Stock Performance

Shares of EA opened at $155.66 on Wednesday. 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’s fifty day simple moving average is $142.93 and its two-hundred day simple moving average is $144.84. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The stock has a market capitalization of $40.57 billion, a P/E ratio of 39.61, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 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%. As a group, analysts predict that Electronic Arts will post 4.71 EPS for the current year.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $145.56, for a total transaction of $145,560.00. Following the completion of the transaction, the insider now owns 25,216 shares in the company, valued at approximately $3,670,440.96. This represents a 3.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the sale, the chief executive officer now owns 32,615 shares in the company, valued at $4,647,637.50. This represents a 13.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,500 shares of company stock worth $2,729,195. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Financial Management Professionals Inc. boosted its position in shares of Electronic Arts by 15.0% in the first quarter. Financial Management Professionals Inc. now owns 560 shares of the game software company’s stock valued at $81,000 after acquiring an additional 73 shares during the period. Claro Advisors LLC boosted its holdings in Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after purchasing an additional 75 shares during the period. Bank of Jackson Hole Trust grew 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 purchasing an additional 75 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Electronic Arts by 34.2% in the first quarter. Whipplewood Advisors LLC now owns 298 shares of the game software company’s stock worth $43,000 after purchasing an additional 76 shares during the period. Finally, Clarius Group LLC raised its position in shares of Electronic Arts by 3.6% in the first quarter. Clarius Group LLC now owns 2,204 shares of the game software company’s stock worth $319,000 after buying an additional 77 shares in the last quarter. 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.