Electronic Arts (NASDAQ:EA) Price Target Raised to $170.00 at UBS Group

Electronic Arts (NASDAQ:EA) had its price objective boosted by UBS Group from $126.00 to $170.00 in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the game software company’s stock.

A number of other equities research analysts also recently commented on the company. BidaskClub downgraded Electronic Arts from a buy rating to a hold rating in a research report on Friday, July 24th. Oppenheimer lifted their price objective on Electronic Arts from $125.00 to $150.00 and gave the company an outperform rating in a research note on Tuesday, July 7th. Bank of America lifted their price objective on Electronic Arts from $116.00 to $122.00 and gave the company a neutral rating in a research note on Wednesday, May 6th. Piper Sandler lifted their price objective on Electronic Arts from $133.00 to $157.00 and gave the company an overweight rating in a research note on Friday. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and issued a $150.00 price objective (up from $127.00) on shares of Electronic Arts in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $139.96.

Shares of NASDAQ EA traded up $3.03 during midday trading on Friday, hitting $141.62. The stock had a trading volume of 4,299,630 shares, compared to its average volume of 1,833,045. The company has a market capitalization of $40.89 billion, a PE ratio of 20.98, a P/E/G ratio of 4.83 and a beta of 0.94. The stock has a 50 day simple moving average of $133.51 and a 200-day simple moving average of $115.65. Electronic Arts has a 1 year low of $85.69 and a 1 year high of $142.84. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.05.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 5th. The game software company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.36. Electronic Arts had a return on equity of 21.69% and a net margin of 34.27%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. As a group, analysts expect that Electronic Arts will post 3.94 earnings per share for the current fiscal year.

In other news, CFO Blake J. Jorgensen sold 5,200 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $117.92, for a total value of $613,184.00. Following the completion of the sale, the chief financial officer now directly owns 62,818 shares of the company’s stock, valued at approximately $7,407,498.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $138.18, for a total value of $138,180.00. Following the completion of the sale, the general counsel now directly owns 25,435 shares of the company’s stock, valued at $3,514,608.30. The disclosure for this sale can be found here. Insiders have sold a total of 178,467 shares of company stock valued at $21,007,091 over the last ninety days. 0.92% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of EA. Sunbelt Securities Inc. purchased a new stake in Electronic Arts during the 4th quarter valued at approximately $5,026,000. M&R Capital Management Inc. raised its stake in Electronic Arts by 952.6% during the 2nd quarter. M&R Capital Management Inc. now owns 200 shares of the game software company’s stock valued at $26,000 after acquiring an additional 181 shares during the last quarter. Front Row Advisors LLC raised its stake in Electronic Arts by 904.0% during the 1st quarter. Front Row Advisors LLC now owns 251 shares of the game software company’s stock valued at $29,000 after acquiring an additional 226 shares during the last quarter. Arden Trust Co purchased a new stake in Electronic Arts during the 1st quarter valued at approximately $26,000. Finally, Modus Advisors LLC purchased a new stake in Electronic Arts during the 2nd quarter valued at approximately $35,000. 88.08% of the stock is owned by institutional investors and hedge funds.

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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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