Brokerages Set Electronic Arts Inc. (NASDAQ:EA) Price Target at $159.79

Electronic Arts Inc. (NASDAQ:EA - Get Free Report) has received a consensus rating of "Hold" from the twenty analysts that are covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $158.05.

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. BMO Capital Markets lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $160.00 to $145.00 in a report on Thursday. Benchmark reaffirmed a "buy" rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. StockNews.com raised Electronic Arts from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 31st. Finally, UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the completion of the transaction, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at approximately $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,000 shares of the business's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $148.18, for a total transaction of $148,180.00. Following the completion of the sale, the chief financial officer now owns 8,750 shares in the company, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,000 shares of company stock worth $3,986,385. Company insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Electronic Arts during the third quarter valued at $25,000. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC bought a new position in shares of Electronic Arts during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC raised its holdings in shares of Electronic Arts by 156.6% in the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after buying an additional 166 shares during the period. Finally, Larson Financial Group LLC grew its position in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Price Performance

EA stock traded up $1.35 during mid-day trading on Monday, hitting $117.91. 5,963,019 shares of the stock were exchanged, compared to its average volume of 3,893,267. The stock has a market capitalization of $30.92 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.87 and a beta of 0.80. 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 has a 12 month low of $115.21 and a 12 month high of $168.50. The business has a fifty day moving average price of $152.43 and a 200 day moving average price of $148.92.

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.