Electronic Arts (NASDAQ:EA) Price Target Cut to $139.00 by Analysts at Citigroup

Electronic Arts (NASDAQ:EA) had its target price cut by Citigroup from $163.00 to $139.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the game software company’s stock.

Several other research firms have also recently issued reports on EA. Bank of America cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $130.00 in a research note on Thursday, January 23rd. Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Stifel Nicolaus reduced their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Robert W. Baird reduced their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Finally, BMO Capital Markets cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $160.00 to $145.00 in a research report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.38.

Electronic Arts Stock Performance

EA opened at $121.25 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a fifty day moving average price of $145.96 and a 200 day moving average price of $147.66. Electronic Arts has a 1 year low of $115.21 and a 1 year high of $168.50. The stock has a market cap of $31.80 billion, a P/E ratio of 31.17, a P/E/G ratio of 2.50 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. Equities research analysts anticipate that Electronic Arts will post 5.02 earnings per share for the current year.

Insider Activity at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the transaction, the executive vice president now owns 23,360 shares of the company’s stock, valued at $3,814,688. This trade represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,500 shares of company stock valued at $3,562,510. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EA. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. raised its holdings in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Electronic Arts during the third quarter worth approximately $36,000. Bruce G. Allen Investments LLC raised its holdings in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock worth $39,000 after purchasing an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in 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.