Electronic Arts (NASDAQ:EA) Given New $175.00 Price Target at Robert W. Baird

Electronic Arts (NASDAQ:EA) had its price objective lifted by Robert W. Baird from $170.00 to $175.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the game software company’s stock.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. 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 research report on Wednesday, July 31st. Roth Mkm reaffirmed a “neutral” rating and issued a $154.00 price target on shares of Electronic Arts in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $163.65.

Electronic Arts Stock Performance

Shares of EA opened at $149.14 on Wednesday. The firm’s fifty day simple moving average is $144.81 and its two-hundred day simple moving average is $139.95. Electronic Arts has a 12 month low of $121.63 and a 12 month high of $153.51. The stock has a market capitalization of $39.63 billion, a P/E ratio of 31.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. 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 (NASDAQ:EA) last released its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion for 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%. As a group, analysts predict that Electronic Arts will post 5.93 EPS for the current year.

Insider Activity at Electronic Arts

In other news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total transaction of $223,980.00. Following the transaction, the executive vice president now owns 27,860 shares of the company’s stock, valued at $4,160,055.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,770 shares of company stock worth $3,652,410. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Hedge funds have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after acquiring an additional 11,343 shares during the last quarter. FORA Capital LLC lifted its holdings in shares of Electronic Arts by 209.7% during the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after acquiring an additional 31,136 shares during the last quarter. Duality Advisers LP bought a new stake in shares of Electronic Arts during the 1st quarter worth $1,711,000. State Board of Administration of Florida Retirement System lifted its stake in Electronic Arts by 13.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after purchasing an additional 41,567 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

About Electronic Arts

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.