Electronic Arts (NASDAQ:EA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Electronic Arts (NASDAQ:EA - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $125.00 to $135.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the game software company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 7.91% from the stock's current price.

A number of other brokerages have also issued reports on EA. Oppenheimer cut their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Citigroup reduced their price target on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Robert W. Baird cut their price objective on Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. BNP Paribas downgraded Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Finally, Morgan Stanley dropped their price objective on Electronic Arts from $150.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $154.22.

Electronic Arts Trading Up 0.3 %

EA stock traded up $0.41 on Tuesday, reaching $146.60. The company's stock had a trading volume of 1,836,648 shares, compared to its average volume of 2,644,747. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The business has a fifty day simple moving average of $139.36 and a two-hundred day simple moving average of $144.46. The firm has a market cap of $38.21 billion, a PE ratio of 37.30, a PEG ratio of 3.58 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts forecast that Electronic Arts will post 4.71 EPS for the current year.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the transaction, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.03, for a total transaction of $122,030.00. Following the completion of the transaction, the insider now directly owns 28,216 shares in the company, valued at $3,443,198.48. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,000 shares of company stock worth $3,032,740. Company insiders own 0.22% of the company's stock.

Hedge Funds Weigh In On Electronic Arts

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors boosted its position in shares of Electronic Arts by 5.2% in the 4th quarter. Capital International Investors now owns 12,156,791 shares of the game software company's stock worth $1,778,553,000 after buying an additional 605,796 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Electronic Arts by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,702,586 shares of the game software company's stock valued at $978,650,000 after purchasing an additional 30,929 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Electronic Arts by 6.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,430,409 shares of the game software company's stock worth $648,169,000 after purchasing an additional 270,991 shares in the last quarter. Northern Trust Corp raised its position in shares of Electronic Arts by 12.4% during the 4th quarter. Northern Trust Corp now owns 3,257,281 shares of the game software company's stock worth $476,540,000 after purchasing an additional 360,563 shares during the last quarter. Finally, Invesco Ltd. increased its position in Electronic Arts by 3.9% during the fourth quarter. Invesco Ltd. now owns 3,228,721 shares of the game software company's stock worth $472,362,000 after buying an additional 120,632 shares in 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.