Electronic Arts’ (EA) “Outperform” Rating Reiterated at BMO Capital Markets

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reaffirmed by equities researchers at BMO Capital Markets in a report issued on Wednesday, Benzinga reports. They presently have a $154.00 price objective on the game software company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 6.12% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Citigroup downgraded shares of Electronic Arts from a “buy” rating to a “neutral” rating and upped their price target for the stock from $148.00 to $161.00 in a research note on Monday, July 15th. Stifel Nicolaus upped their target price on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. UBS Group raised their price target on shares of Electronic Arts from $143.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Benchmark reissued a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $154.00 target price on shares of Electronic Arts in a research report on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.94.

Electronic Arts Stock Down 0.9 %

NASDAQ EA traded down $1.30 during trading on Wednesday, reaching $145.12. 596,649 shares of the company’s stock were exchanged, compared to its average volume of 2,065,722. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts has a fifty-two week low of $119.92 and a fifty-two week high of $153.51. The company’s fifty day simple moving average is $145.26 and its 200-day simple moving average is $138.86. The firm has a market capitalization of $38.56 billion, a PE ratio of 30.96, a P/E/G ratio of 1.95 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. Sell-side analysts predict that Electronic Arts will post 5.93 EPS for the current year.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now owns 30,190 shares in the company, valued at $4,579,823. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares in the company, valued at $7,675,950.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares in the company, valued at approximately $4,579,823. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,270 shares of company stock worth $3,426,705. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after acquiring an additional 3,727,251 shares in the last quarter. Capital International Investors boosted its stake in Electronic Arts by 16.4% in the first quarter. Capital International Investors now owns 5,901,257 shares of the game software company’s stock worth $782,920,000 after purchasing an additional 833,492 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Electronic Arts by 1.3% during the second quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after purchasing an additional 53,237 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Electronic Arts by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock valued at $583,162,000 after buying an additional 18,376 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Electronic Arts by 2.1% in the second quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after buying an additional 53,800 shares during the last quarter. 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.