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

Electronic Arts (NASDAQ:EAGet Rating) had its target price decreased by research analysts at Morgan Stanley from $145.00 to $140.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the game software company’s stock. Morgan Stanley’s price objective suggests a potential upside of 13.16% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Benchmark lowered their price target on shares of Electronic Arts from $188.00 to $150.00 in a research report on Tuesday. Wedbush lowered their price target on shares of Electronic Arts from $170.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 2nd. Truist Financial lowered their price target on shares of Electronic Arts from $154.00 to $150.00 in a research report on Monday, November 28th. Credit Suisse Group decreased their target price on shares of Electronic Arts from $144.00 to $143.00 and set an “outperform” rating on the stock in a report on Wednesday, November 2nd. Finally, StockNews.com lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.95.

Electronic Arts Stock Up 0.0 %

EA stock opened at $123.72 on Wednesday. The stock has a market capitalization of $34.16 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.99 and a beta of 0.88. The firm has a 50-day simple moving average of $125.71 and a 200-day simple moving average of $125.88. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.24. Electronic Arts has a 52 week low of $109.24 and a 52 week high of $142.79.

Electronic Arts (NASDAQ:EAGet Rating) last released its earnings results on Tuesday, November 1st. The game software company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Electronic Arts had a return on equity of 16.42% and a net margin of 12.37%. Equities analysts forecast that Electronic Arts will post 5.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,885 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $128.55, for a total transaction of $756,516.75. Following the sale, the chief executive officer now directly owns 24,242 shares of the company’s stock, valued at approximately $3,116,309.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Andrew Wilson sold 5,885 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $128.55, for a total transaction of $756,516.75. Following the sale, the chief executive officer now directly owns 24,242 shares of the company’s stock, valued at approximately $3,116,309.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Eric Charles Kelly sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $129.56, for a total transaction of $129,560.00. Following the sale, the chief accounting officer now directly owns 5,730 shares in the company, valued at $742,378.80. The disclosure for this sale can be found here. Insiders have sold a total of 35,785 shares of company stock valued at $4,550,770 in the last ninety days. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

A number of large investors have recently modified their holdings of EA. Northern Oak Wealth Management Inc. purchased a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $29,000. MCF Advisors LLC increased its position in shares of Electronic Arts by 2,500.0% in the 3rd quarter. MCF Advisors LLC now owns 260 shares of the game software company’s stock valued at $30,000 after purchasing an additional 250 shares during the last quarter. Neo Ivy Capital Management increased its position in shares of Electronic Arts by 70.1% in the 2nd quarter. Neo Ivy Capital Management now owns 262 shares of the game software company’s stock valued at $31,000 after purchasing an additional 108 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Electronic Arts in the 3rd quarter valued at approximately $32,000. 89.46% of the stock is owned by hedge funds and other institutional investors.

About Electronic Arts

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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.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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