Robert W. Baird Raises Electronic Arts (NASDAQ:EA) Price Target to $170.00

Electronic Arts (NASDAQ:EA) had its price objective boosted by equities research analysts at Robert W. Baird from $168.00 to $170.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the game software company’s stock. Robert W. Baird’s price objective points to a potential upside of 11.48% from the company’s previous close.

Several other equities analysts also recently issued reports on EA. Moffett Nathanson reiterated a “neutral” rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, May 7th. Wells Fargo & Company set a $168.00 price target on Electronic Arts and gave the stock an “equal weight” rating in a research report on Monday. Oppenheimer raised their price target on Electronic Arts from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Argus set a $170.00 price objective on shares of Electronic Arts in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $164.21.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $152.49 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $151.22 and its two-hundred day moving average price is $143.14. Electronic Arts has a 52-week low of $115.21 and a 52-week high of $168.50. The stock has a market capitalization of $38.32 billion, a P/E ratio of 38.22, a P/E/G ratio of 2.12 and a beta of 0.73.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $159.50, for a total transaction of $398,750.00. Following the completion of the transaction, the insider directly owned 60,592 shares in the company, valued at $9,664,424. This represents a 3.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the transaction, the executive vice president owned 28,448 shares in the company, valued at approximately $4,219,407.36. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,729 shares of company stock valued at $4,677,324. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently bought and sold shares of EA. Resonant Capital Advisors LLC raised its holdings in shares of Electronic Arts by 4.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 17,371 shares of the game software company’s stock worth $2,774,000 after buying an additional 693 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in Electronic Arts by 1.6% in the 2nd quarter. Wealthfront Advisers LLC now owns 22,642 shares of the game software company’s stock valued at $3,616,000 after buying an additional 347 shares in the last quarter. Prudent Man Advisors LLC grew its position in Electronic Arts by 17.6% in the second quarter. Prudent Man Advisors LLC now owns 9,689 shares of the game software company’s stock valued at $1,547,000 after acquiring an additional 1,450 shares during the period. Brighton Jones LLC raised its stake in Electronic Arts by 35.7% during the second quarter. Brighton Jones LLC now owns 4,736 shares of the game software company’s stock worth $756,000 after acquiring an additional 1,247 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of Electronic Arts during the second quarter valued at $289,000. 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.