Roth Mkm Cuts Electronic Arts (NASDAQ:EA) Price Target to $134.00

Electronic Arts (NASDAQ:EA) had its price target cut by analysts at Roth Mkm from $158.00 to $134.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the game software company’s stock. Roth Mkm’s price target would suggest a potential upside of 15.80% from the stock’s previous close.

EA has been the subject of a number of other reports. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets lowered Electronic Arts from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $160.00 to $145.00 in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $159.63.

Electronic Arts Price Performance

EA stock traded down $26.63 during mid-day trading on Thursday, hitting $115.72. The company had a trading volume of 8,167,448 shares, compared to its average volume of 2,688,746. The company has a market capitalization of $30.35 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 1.88 and a beta of 0.80. The company has a 50-day moving average price of $154.24 and a 200 day moving average price of $149.20. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $116.30 and a 12-month high of $168.50.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stuart Canfield sold 1,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the transaction, the chief financial officer now owns 8,750 shares of the company’s stock, valued at approximately $1,296,575. This trade represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,500 shares of company stock worth $4,351,060 in the last ninety days. 0.22% of the stock is owned by insiders.

Institutional Trading of Electronic Arts

Institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its stake in Electronic Arts by 983.4% in the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after purchasing an additional 234,098 shares during the period. Dai ichi Life Insurance Company Ltd grew its holdings in shares of Electronic Arts by 20.8% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock worth $9,205,000 after buying an additional 11,058 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Electronic Arts by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock valued at $12,078,000 after acquiring an additional 4,702 shares during the period. Greenwood Capital Associates LLC acquired a new stake in Electronic Arts during the 3rd quarter worth approximately $5,597,000. Finally, Chesapeake Capital Corp IL purchased a new position in Electronic Arts during the 3rd quarter worth $950,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

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.