Electronic Arts (NASDAQ:EA) Rating Reiterated by BMO Capital Markets

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating restated by investment analysts at BMO Capital Markets in a note issued to investors on Wednesday, Benzinga reports. They currently have a $154.00 price objective on the game software company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 6.80% from the company’s previous close.

Several other brokerages have also commented on EA. Citigroup lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $148.00 to $161.00 in a report on Monday, July 15th. TD Cowen raised their price objective on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus raised their target price on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group began coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 target price for the company. Finally, Bank of America raised their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $161.94.

Electronic Arts Stock Performance

Electronic Arts stock opened at $144.20 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $145.21 and a 200-day moving average of $138.94. The firm has a market cap of $38.32 billion, a P/E ratio of 30.81, a P/E/G ratio of 1.95 and a beta of 0.79. Electronic Arts has a 1-year low of $119.92 and a 1-year high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a net margin of 15.77% and a return on equity of 16.34%. Sell-side analysts expect that Electronic Arts will post 5.93 EPS for the current year.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total transaction of $356,050.00. Following the transaction, the chief executive officer now owns 59,247 shares in the company, valued at approximately $8,437,957.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the transaction, the insider now owns 30,190 shares in the company, valued at approximately $4,579,823. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $142.42, for a total transaction of $356,050.00. Following the transaction, the chief executive officer now owns 59,247 shares in the company, valued at approximately $8,437,957.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock worth $3,643,785 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Electronic Arts

Several hedge funds have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Electronic Arts by 82.6% in 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 during the last quarter. FORA Capital LLC increased its holdings in shares of Electronic Arts by 209.7% in the 1st quarter. FORA Capital LLC now owns 45,985 shares of the game software company’s stock worth $6,101,000 after buying an additional 31,136 shares during the last quarter. Duality Advisers LP bought a new stake in shares of Electronic Arts in the 1st quarter worth about $1,711,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Electronic Arts by 13.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 348,670 shares of the game software company’s stock worth $46,258,000 after buying an additional 41,567 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.