UBS Group Raises Electronic Arts (NASDAQ:EA) Price Target to $152.00

Electronic Arts (NASDAQ:EA - Free Report) had its price objective raised by UBS Group from $138.00 to $152.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the game software company's stock.

A number of other equities analysts have also recently weighed in on EA. Roth Mkm decreased their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Robert W. Baird lowered their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Benchmark increased their target price on shares of Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 24th. Bank of America boosted their price target on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, Wedbush reiterated an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $155.30.

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Electronic Arts Stock Performance

Shares of NASDAQ:EA traded down $0.56 during midday trading on Thursday, reaching $134.06. 872,190 shares of the company traded hands, compared to its average volume of 2,580,494. The firm's fifty day moving average price is $134.43 and its two-hundred day moving average price is $144.56. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 3.58 and a beta of 0.79. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced 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 net margin of 14.28% and a return on equity of 17.80%. On average, equities analysts expect that Electronic Arts will post 4.71 earnings per share for the current year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Wednesday, February 26th. Electronic Arts's payout ratio is 19.34%.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the sale, the insider now directly owns 26,216 shares of the company's stock, valued at $3,801,320. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,000 shares of company stock worth $3,015,990. Company insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Electronic Arts

Institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB lifted its stake in Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock worth $235,224,000 after purchasing an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. bought a new position in Electronic Arts during the fourth quarter valued at approximately $217,000. Charles Schwab Investment Management Inc. grew its holdings in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock valued at $213,089,000 after buying an additional 36,153 shares in the last quarter. Fisher Funds Management LTD bought a new stake in Electronic Arts in the 4th quarter worth approximately $3,730,000. Finally, Huntington National Bank raised its holdings in shares of Electronic Arts by 31.4% during the 4th quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock worth $49,577,000 after acquiring an additional 80,968 shares in the last quarter. Institutional investors own 90.23% of the company's stock.

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.