Analysts Set Electronic Arts Inc. (NASDAQ:EA) Price Target at $206.50

Shares of Electronic Arts Inc. (NASDAQ:EA) have been given an average rating of “Reduce” by the sixteen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $206.50.

EA has been the topic of a number of research reports. Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th.

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the sale, the insider directly owned 73,513 shares in the company, valued at approximately $14,930,490.30. The trade was a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider directly owned 26,360 shares in the company, valued at approximately $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 8,700 shares of company stock valued at $1,766,950. 0.24% of the stock is owned by insiders.

Institutional Trading of Electronic Arts

A number of institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp purchased a new stake in shares of Electronic Arts during the second quarter worth $25,000. Ascentis Independent Advisors purchased a new position in shares of Electronic Arts in the first quarter valued at $27,000. Torren Management LLC raised its stake in shares of Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after purchasing an additional 94 shares during the period. MV Capital Management Inc. purchased a new stake in Electronic Arts during the 4th quarter worth about $28,000. Finally, Meeder Asset Management Inc. purchased a new stake in Electronic Arts during the 2nd quarter worth about $31,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $209.70 on Tuesday. The firm has a market cap of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. Electronic Arts has a 1 year low of $159.10 and a 1 year high of $210.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. The stock has a fifty day moving average price of $207.82 and a 200-day moving average price of $203.86.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The company had revenue of $1.99 billion for the quarter.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.