Electronic Arts (NASDAQ:EA) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Electronic Arts (NASDAQ:EA)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank Aktiengesellschaft in a report issued on Wednesday, Benzinga reports. They currently have a $160.00 target price on the game software company’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 13.33% from the company’s previous close.

A number of other equities research analysts also recently weighed in on EA. BMO Capital Markets reiterated an “outperform” rating and set a $154.00 price target on shares of Electronic Arts in a report on Tuesday, July 30th. TD Cowen lifted their price objective on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group raised their price objective on shares of Electronic Arts from $143.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Benchmark reiterated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus price target of $161.83.

Electronic Arts Trading Down 1.0 %

Shares of EA stock traded down $1.41 during trading hours on Wednesday, reaching $141.18. 1,764,286 shares of the stock traded hands, compared to its average volume of 2,095,842. 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 firm has a market capitalization of $37.52 billion, a PE ratio of 30.17, a PEG ratio of 1.97 and a beta of 0.79. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $153.51. The business has a fifty day moving average price of $146.40 and a 200 day moving average price of $137.65.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $1.26 billion for 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%. On average, equities research analysts forecast that Electronic Arts will post 5.89 EPS for the current year.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the sale, the chief executive officer now directly owns 61,747 shares of the company’s stock, valued at $8,660,634.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the transaction, the chief executive officer now owns 61,747 shares in the company, valued at approximately $8,660,634.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $141.01, for a total value of $211,515.00. Following the sale, the chief financial officer now owns 10,553 shares in the company, valued at approximately $1,488,078.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,570 shares of company stock worth $4,183,508. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

A number of large investors have recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Electronic Arts by 82.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,074 shares of the game software company’s stock worth $3,327,000 after buying an additional 11,343 shares in the last quarter. FORA Capital LLC lifted its stake in shares of Electronic Arts by 209.7% during the first quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock valued at $6,101,000 after acquiring an additional 31,136 shares during the period. Duality Advisers LP bought a new position in Electronic Arts in the first quarter valued at about $1,711,000. Eaton Financial Holdings Company LLC acquired a new stake in Electronic Arts in the fourth quarter worth about $1,259,000. Finally, Scotia Capital Inc. raised its holdings in Electronic Arts by 99.4% during the 4th quarter. Scotia Capital Inc. now owns 17,338 shares of the game software company’s stock worth $2,372,000 after purchasing an additional 8,644 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

About Electronic Arts

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.