Electronic Arts (NASDAQ:EA) Given New $135.00 Price Target at Roth Mkm

Electronic Arts (NASDAQ:EA) had its target price trimmed by Roth Mkm from $140.00 to $135.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the game software company’s stock.

Several other research analysts have also recently weighed in on EA. Wedbush reissued an outperform rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. Benchmark reissued a buy rating and set a $153.00 price objective on shares of Electronic Arts in a report on Thursday, April 18th. UBS Group decreased their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a neutral rating for the company in a report on Wednesday, March 27th. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the company a buy rating in a report on Thursday, January 18th. Finally, Oppenheimer reaffirmed an outperform rating and set a $150.00 target price on shares of Electronic Arts in a report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of Moderate Buy and a consensus target price of $146.72.

Electronic Arts Trading Up 0.8 %

Shares of NASDAQ EA opened at $129.56 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.33 and a current ratio of 1.33. The firm’s 50 day moving average price is $132.25 and its 200-day moving average price is $134.44. Electronic Arts has a 52-week low of $117.47 and a 52-week high of $144.53. The company has a market cap of $34.64 billion, a PE ratio of 32.61, a P/E/G ratio of 1.71 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm earned $2.29 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Electronic Arts will post 5.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the transaction, the chief executive officer now directly owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the transaction, the chief executive officer now directly owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $128.15, for a total transaction of $256,300.00. Following the transaction, the chief operating officer now directly owns 32,772 shares of the company’s stock, valued at $4,199,731.80. The disclosure for this sale can be found here. Insiders sold 37,144 shares of company stock valued at $5,087,143 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after buying an additional 3,600,388 shares in the last quarter. Capital International Investors lifted its holdings in Electronic Arts by 8.3% during the 4th quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock valued at $693,318,000 after buying an additional 386,630 shares in the last quarter. Invesco Ltd. lifted its holdings in Electronic Arts by 7.8% during the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after buying an additional 301,194 shares in the last quarter. FIL Ltd lifted its holdings in Electronic Arts by 4.4% during the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after buying an additional 145,466 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after buying an additional 389,063 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other 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.