TD Cowen Boosts Electronic Arts (NASDAQ:EA) Price Target to $172.00

Electronic Arts (NASDAQ:EA) had its target price increased by TD Cowen from $160.00 to $172.00 in a report released on Wednesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the game software company’s stock. TD Cowen’s price objective would indicate a potential upside of 10.50% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on EA. Morgan Stanley lifted their price objective on Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a report on Wednesday. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Wedbush reiterated an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a research note on Thursday, January 23rd. Stifel Nicolaus reduced their target price 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $161.83.

Electronic Arts Stock Up 0.1 %

Shares of EA stock opened at $155.66 on Wednesday. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a fifty day moving average price of $142.93 and a 200 day moving average price of $144.84. Electronic Arts has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 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%. Analysts predict that Electronic Arts will post 4.71 earnings per share for the current year.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $130.14, for a total transaction of $650,700.00. Following the transaction, the chief executive officer now owns 37,615 shares in the company, valued at approximately $4,895,216.10. This trade represents a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $145.56, for a total value of $145,560.00. Following the transaction, the insider now owns 25,216 shares of the company’s stock, valued at $3,670,440.96. The trade was a 3.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,500 shares of company stock valued at $2,729,195. 0.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently made changes to their positions in EA. Putney Financial Group LLC acquired a new stake in Electronic Arts during the 4th quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in Electronic Arts in the first quarter valued at about $28,000. Pinnacle Bancorp Inc. increased its holdings in shares of Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after acquiring an additional 117 shares in the last quarter. Bank of Jackson Hole Trust raised its position in shares of Electronic Arts by 56.4% during the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in shares of Electronic Arts during the 4th quarter valued at about $32,000. 90.23% of the stock is owned by institutional investors.

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.