Brokerages Set Electronic Arts Inc. (NASDAQ:EA) PT at $206.50

Electronic Arts Inc. (NASDAQ:EA) has earned a consensus rating of “Reduce” from the sixteen research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $206.50.

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

Insider Buying and Selling

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the completion of the transaction, the insider directly owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the transaction, the chief executive officer owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. This trade represents a 5.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,700 shares of company stock valued at $1,766,950. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors have recently bought and sold shares of the company. Amundi boosted its position in Electronic Arts by 39.0% during the 2nd quarter. Amundi now owns 1,934,012 shares of the game software company’s stock worth $396,550,000 after acquiring an additional 542,861 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Electronic Arts by 19,439.0% in the second quarter. California State Teachers Retirement System now owns 74,736,875 shares of the game software company’s stock valued at $15,324,049,000 after purchasing an additional 74,354,374 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Electronic Arts by 24.0% in the second quarter. Wedmont Private Capital now owns 3,671 shares of the game software company’s stock valued at $758,000 after purchasing an additional 711 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Electronic Arts by 1.9% in the second quarter. HB Wealth Management LLC now owns 7,134 shares of the game software company’s stock valued at $1,463,000 after purchasing an additional 134 shares during the last quarter. Finally, Saudi Central Bank lifted its position in shares of Electronic Arts by 79.8% in the second quarter. Saudi Central Bank now owns 15,766 shares of the game software company’s stock worth $3,233,000 after purchasing an additional 6,996 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $209.70 on Tuesday. 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 market cap of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The stock has a 50-day moving average of $207.97 and a 200-day moving average of $203.90. Electronic Arts has a one year low of $159.10 and a one year high of $210.20.

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

Electronic Arts Company Profile

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.