Electronic Arts (NASDAQ:EA) Price Target Raised to $160.00 at Benchmark

Electronic Arts (NASDAQ:EA) had its price target increased by investment analysts at Benchmark from $140.00 to $160.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the game software company’s stock. Benchmark’s target price points to a potential upside of 10.96% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets lowered their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. 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 report on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. Oppenheimer reduced their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Finally, Citigroup reduced their target price on shares of Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus price target of $155.65.

Electronic Arts Stock Performance

NASDAQ EA opened at $144.20 on Monday. Electronic Arts has a 1 year low of $115.21 and a 1 year high of $168.50. 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 market capitalization of $37.58 billion, a PE ratio of 36.69, a P/E/G ratio of 3.58 and a beta of 0.78. The company’s 50 day simple moving average is $132.76 and its two-hundred day simple moving average is $144.62.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 fiscal year.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the sale, the chief financial officer now owns 9,516 shares of the company’s stock, valued at $1,238,126.76. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total transaction of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares in the company, valued at $4,647,637.50. The trade was a 13.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,000 shares of company stock valued at $3,166,740. 0.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Electronic Arts

Institutional investors have recently added to or reduced their stakes in the stock. DSG Capital Advisors LLC purchased a new position in Electronic Arts in the 4th quarter valued at $677,000. California State Teachers Retirement System lifted its holdings in Electronic Arts by 2.8% in the 4th quarter. California State Teachers Retirement System now owns 434,672 shares of the game software company’s stock valued at $63,593,000 after purchasing an additional 11,949 shares in the last quarter. 111 Capital purchased a new position in Electronic Arts in the 4th quarter valued at $624,000. NorthCrest Asset Manangement LLC lifted its holdings in Electronic Arts by 1.1% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 33,521 shares of the game software company’s stock valued at $4,904,000 after purchasing an additional 378 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co purchased a new position in Electronic Arts in the 4th quarter valued at $1,463,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

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.