JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Electronic Arts (NASDAQ:EA) Stock

Electronic Arts (NASDAQ:EA) had its price target increased by research analysts at JPMorgan Chase & Co. from $125.00 to $135.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the game software company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 6.13% from the company’s previous close.

Several other equities research analysts have also commented on EA. Morgan Stanley cut their price target on shares of Electronic Arts from $150.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Citigroup cut their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Oppenheimer decreased their target price on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. StockNews.com lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price objective on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts has a consensus rating of “Hold” and an average target price of $154.00.

Electronic Arts Price Performance

Electronic Arts stock opened at $143.82 on Tuesday. Electronic Arts has a 52-week low of $115.21 and a 52-week high of $168.50. The company’s 50 day moving average is $138.66 and its two-hundred day moving average is $144.41. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $37.48 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts expect that Electronic Arts will post 4.71 EPS for the current fiscal year.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total transaction of $122,030.00. Following the sale, the insider now directly owns 28,216 shares in the company, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total value of $327,075.00. Following the transaction, the insider now directly owns 47,514 shares of the company’s stock, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,000 shares of company stock worth $3,032,740 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its position in Electronic Arts by 5.2% during the fourth quarter. Capital International Investors now owns 12,156,791 shares of the game software company’s stock worth $1,778,553,000 after buying an additional 605,796 shares during the period. Geode Capital Management LLC lifted its position in Electronic Arts by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company’s stock worth $978,650,000 after acquiring an additional 30,929 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Electronic Arts by 6.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company’s stock valued at $648,169,000 after purchasing an additional 270,991 shares during the period. Northern Trust Corp boosted its position in Electronic Arts by 12.4% in the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company’s stock valued at $476,540,000 after buying an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Electronic Arts by 3.9% in the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company’s stock valued at $472,362,000 after purchasing an additional 120,632 shares during the last quarter. Hedge funds and other institutional investors 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.