Electronic Arts (NASDAQ:EA) PT Raised to $150.00

Electronic Arts (NASDAQ:EA) had its price target upped by stock analysts at Deutsche Bank Aktiengesellschaft from $135.00 to $150.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the game software company’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 10.75% from the stock’s previous close.

A number of other analysts have also weighed in on the company. UBS Group lowered Electronic Arts from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $140.00 to $142.00 in a research report on Wednesday, August 2nd. Robert W. Baird lifted their price objective on Electronic Arts from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Credit Suisse Group raised their target price on shares of Electronic Arts from $161.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Wells Fargo & Company raised their target price on Electronic Arts from $145.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Electronic Arts Stock Down 0.0 %

Shares of NASDAQ EA traded down $0.01 during midday trading on Tuesday, hitting $135.44. The company’s stock had a trading volume of 247,905 shares, compared to its average volume of 2,219,956. Electronic Arts has a 1 year low of $108.53 and a 1 year high of $140.30. The business’s fifty day simple moving average is $125.80 and its two-hundred day simple moving average is $126.65. The firm has a market capitalization of $36.43 billion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 2.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Insider Buying and Selling

In other news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $134.45, for a total transaction of $134,450.00. Following the completion of the transaction, the insider now owns 20,922 shares of the company’s stock, valued at approximately $2,812,962.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the sale, the chief executive officer now directly owns 39,203 shares in the company, valued at approximately $4,704,360. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $134.45, for a total value of $134,450.00. Following the transaction, the insider now directly owns 20,922 shares in the company, valued at approximately $2,812,962.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,900 shares of company stock worth $4,207,770. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently made changes to their positions in EA. Hohimer Wealth Management LLC grew its holdings in shares of Electronic Arts by 1.8% during the third quarter. Hohimer Wealth Management LLC now owns 6,356 shares of the game software company’s stock valued at $765,000 after purchasing an additional 112 shares during the last quarter. Creative Planning grew its position in shares of Electronic Arts by 10.7% during the third quarter. Creative Planning now owns 19,177 shares of the game software company’s stock worth $2,309,000 after acquiring an additional 1,852 shares during the last quarter. FineMark National Bank & Trust increased its stake in Electronic Arts by 25.6% during the 3rd quarter. FineMark National Bank & Trust now owns 2,626 shares of the game software company’s stock valued at $316,000 after buying an additional 535 shares during the period. Morgan Stanley boosted its holdings in shares of Electronic Arts by 13.0% in the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after acquiring an additional 389,063 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Electronic Arts by 3.4% during the third quarter. Integrated Wealth Concepts LLC now owns 5,532 shares of the game software company’s stock valued at $666,000 after acquiring an additional 180 shares during the period. 90.42% 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. 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.