Electronic Arts (NASDAQ:EA) had its price target upped by UBS Group from $126.00 to $170.00 in a report issued on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the game software company’s stock. UBS Group’s target price indicates a potential upside of 20.04% from the stock’s previous close.
EA has been the subject of a number of other research reports. Benchmark boosted their price objective on Electronic Arts from $143.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. SunTrust Banks lifted their price objective on shares of Electronic Arts to $153.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Stifel Nicolaus restated a “buy” rating and issued a $154.00 price target (up from $130.00) on shares of Electronic Arts in a research note on Tuesday, July 21st. Nomura upped their target price on Electronic Arts from $120.00 to $132.00 in a report on Wednesday, May 6th. Finally, BidaskClub lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $139.96.
EA opened at $141.62 on Friday. Electronic Arts has a 12-month low of $85.69 and a 12-month high of $142.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market capitalization of $40.89 billion, a PE ratio of 26.27, a P/E/G ratio of 4.93 and a beta of 0.94. The firm’s fifty day moving average price is $133.51 and its 200 day moving average price is $115.65.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 5th. The game software company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.36. Electronic Arts had a net margin of 34.27% and a return on equity of 21.69%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. On average, equities research analysts forecast that Electronic Arts will post 3.94 earnings per share for the current fiscal year.
In other news, insider Laura Miele sold 785 shares of Electronic Arts stock in a transaction on Monday, June 1st. The stock was sold at an average price of $123.04, for a total value of $96,586.40. Following the transaction, the insider now directly owns 23,688 shares in the company, valued at approximately $2,914,571.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $138.18, for a total transaction of $138,180.00. Following the completion of the transaction, the general counsel now owns 25,435 shares of the company’s stock, valued at $3,514,608.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,467 shares of company stock valued at $21,007,091. 0.92% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in EA. Hennessy Advisors Inc. purchased a new position in Electronic Arts during the first quarter valued at approximately $2,413,000. 180 Wealth Advisors LLC boosted its holdings in Electronic Arts by 35.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 3,283 shares of the game software company’s stock valued at $454,000 after purchasing an additional 855 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Electronic Arts during the first quarter valued at about $217,000. Western Wealth Management LLC bought a new position in Electronic Arts during the second quarter valued at about $239,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in Electronic Arts by 57.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 63,890 shares of the game software company’s stock valued at $8,437,000 after acquiring an additional 23,350 shares in the last quarter. 88.08% of the stock is currently 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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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