UBS Group Raises Electronic Arts (NASDAQ:EA) Price Target to $160.00

Electronic Arts (NASDAQ:EA) had its target price upped by investment analysts at UBS Group from $155.00 to $160.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the game software company’s stock. UBS Group’s price objective would suggest a potential upside of 6.07% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Morgan Stanley restated an “equal weight” rating and set a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. Wedbush restated an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a report on Friday, October 25th. Jefferies Financial Group assumed coverage on Electronic Arts in a report on Thursday, July 11th. They issued a “buy” rating and a $165.00 price target for the company. JPMorgan Chase & Co. upped their target price on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Finally, Raymond James lifted their price target on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Electronic Arts has an average rating of “Moderate Buy” and an average target price of $164.39.

Electronic Arts Stock Performance

NASDAQ:EA opened at $150.85 on Wednesday. Electronic Arts has a 52 week low of $121.63 and a 52 week high of $153.51. The company has a fifty day simple moving average of $144.89 and a two-hundred day simple moving average of $140.02. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 38.78, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. As a group, equities analysts anticipate that Electronic Arts will post 5.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now directly owns 51,747 shares in the company, valued at $7,548,334.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, CFO Stuart Canfield sold 1,260 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the completion of the transaction, the chief financial officer now directly owns 7,553 shares of the company’s stock, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the sale, the chief executive officer now directly owns 51,747 shares in the company, valued at $7,548,334.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,644 shares of company stock valued at $3,340,377 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Electronic Arts by 14.7% in the 1st quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after buying an additional 3,727,251 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after acquiring an additional 2,090,504 shares during the last quarter. Swedbank AB acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $201,935,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $189,055,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Electronic Arts in the second quarter valued at approximately $188,159,000. 90.23% of the stock is owned by institutional investors and hedge funds.

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.