Electronic Arts (NASDAQ:EA) Rating Reiterated by Oppenheimer

Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reissued by analysts at Oppenheimer in a note issued to investors on Tuesday, Benzinga reports. They presently have a $150.00 price target on the game software company’s stock. Oppenheimer’s price objective would suggest a potential upside of 17.06% from the company’s current price.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets began coverage on shares of Electronic Arts in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. Benchmark restated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. UBS Group lowered their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Stifel Nicolaus raised their price objective on shares of Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Wedbush restated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Electronic Arts Stock Performance

Shares of EA opened at $128.14 on Tuesday. The firm has a 50-day moving average price of $134.00 and a 200 day moving average price of $134.53. The firm has a market capitalization of $34.26 billion, a PE ratio of 32.28, a P/E/G ratio of 1.76 and a beta of 0.76. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.25. Electronic Arts has a 52-week low of $117.47 and a 52-week high of $144.53.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the business posted $2.29 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Electronic Arts will post 5.36 earnings per share for the current fiscal year.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the completion of the transaction, the insider now owns 18,426 shares in the company, valued at approximately $2,362,397.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the sale, the chief executive officer now owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $128.21, for a total value of $128,210.00. Following the sale, the insider now directly owns 18,426 shares in the company, valued at approximately $2,362,397.46. The disclosure for this sale can be found here. Insiders have sold a total of 34,644 shares of company stock valued at $4,796,360 over the last 90 days. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Several institutional investors and hedge funds have recently bought and sold shares of EA. Mercer Global Advisors Inc. ADV lifted its stake in shares of Electronic Arts by 23.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,867 shares of the game software company’s stock valued at $2,753,000 after purchasing an additional 4,411 shares during the period. Value Partners Investments Inc. lifted its position in Electronic Arts by 33.5% during the fourth quarter. Value Partners Investments Inc. now owns 429,536 shares of the game software company’s stock valued at $53,761,000 after purchasing an additional 107,709 shares in the last quarter. Metis Global Partners LLC lifted its position in Electronic Arts by 14.7% during the third quarter. Metis Global Partners LLC now owns 11,473 shares of the game software company’s stock valued at $1,381,000 after purchasing an additional 1,469 shares in the last quarter. Morgan Stanley lifted its position in Electronic Arts by 13.0% during the third quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after purchasing an additional 389,063 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Electronic Arts by 16.3% in the third quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after acquiring an additional 3,600,388 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

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.