Benchmark Lowers Electronic Arts (NASDAQ:EA) Price Target to $140.00

Electronic Arts (NASDAQ:EA) had its price objective dropped by stock analysts at Benchmark from $163.00 to $140.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the game software company’s stock. Benchmark’s price objective would suggest a potential upside of 9.92% from the stock’s previous close.

EA has been the subject of several other research reports. Robert W. Baird decreased their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Argus boosted their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research note on Monday, January 27th. Roth Mkm lowered their price objective on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 23rd. Finally, Bank of America increased their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and an average target price of $155.24.

Electronic Arts Stock Up 5.0 %

Shares of EA stock traded up $6.12 during trading hours on Wednesday, reaching $127.37. The company had a trading volume of 2,689,589 shares, compared to its average volume of 4,169,278. The business has a fifty day simple moving average of $145.96 and a 200-day simple moving average of $147.66. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The company has a market cap of $33.41 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. On average, research analysts expect that Electronic Arts will post 5.02 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. This represents a 6.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock valued at $3,562,510 in the last ninety days. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its position in shares of Electronic Arts by 28.3% during the fourth quarter. QRG Capital Management Inc. now owns 40,222 shares of the game software company’s stock worth $5,885,000 after purchasing an additional 8,861 shares in the last quarter. Versor Investments LP increased its position in Electronic Arts by 302.0% in the 4th quarter. Versor Investments LP now owns 7,003 shares of the game software company’s stock valued at $1,025,000 after acquiring an additional 5,261 shares during the period. Proficio Capital Partners LLC purchased a new stake in Electronic Arts during the 4th quarter valued at approximately $26,285,000. Mn Services Vermogensbeheer B.V. lifted its position in Electronic Arts by 1.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 99,600 shares of the game software company’s stock worth $14,571,000 after acquiring an additional 1,600 shares during the period. Finally, Walter Public Investments Inc. grew its position in Electronic Arts by 0.6% in the 4th quarter. Walter Public Investments Inc. now owns 115,184 shares of the game software company’s stock valued at $16,851,000 after buying an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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.