Electronic Arts (NASDAQ:EA) Given New $163.00 Price Target at Stifel Nicolaus

Electronic Arts (NASDAQ:EA) had its price objective increased by analysts at Stifel Nicolaus from $150.00 to $163.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the game software company’s stock. Stifel Nicolaus’ target price points to a potential upside of 17.20% from the company’s previous close.

EA has been the subject of several other reports. UBS Group reduced their price target on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Wedbush reissued an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, May 8th. Roth Mkm dropped their price objective on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Robert W. Baird dropped their price objective on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, Benchmark reissued a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.50.

Electronic Arts Stock Performance

Shares of EA opened at $139.08 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $36.96 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 2.20 and a beta of 0.80. The stock has a 50 day moving average of $131.34 and a 200 day moving average of $134.80. Electronic Arts has a 12 month low of $117.47 and a 12 month high of $144.53.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.78 billion. As a group, sell-side analysts forecast that Electronic Arts will post 5.7 earnings per share for the current year.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the transaction, the chief executive officer now owns 66,747 shares in the company, valued at approximately $8,954,110.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Andrew Wilson sold 4,639 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total value of $622,321.85. Following the sale, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Eric Charles Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $133.75, for a total value of $401,250.00. Following the completion of the sale, the chief accounting officer now directly owns 7,458 shares in the company, valued at $997,507.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,039 shares of company stock worth $2,763,319. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Electronic Arts

A number of hedge funds have recently made changes to their positions in EA. North Star Investment Management Corp. lifted its position in Electronic Arts by 333.3% in the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after acquiring an additional 101 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts in the 1st quarter valued at approximately $27,000. Leith Wheeler Investment Counsel Ltd. lifted its position in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after acquiring an additional 154,989 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in Electronic Arts in the 4th quarter valued at approximately $30,000. 90.23% of the stock is owned by 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.