Electronic Arts (NASDAQ:EA) Given New $150.00 Price Target at JPMorgan Chase & Co.

Electronic Arts (NASDAQ:EA) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $155.00 to $150.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the game software company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 0.56% from the stock’s previous close.

EA has been the topic of a number of other reports. Oppenheimer boosted their price objective on Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Jefferies Financial Group began coverage on shares of Electronic Arts in a research note on Thursday, July 11th. They issued a “buy” rating and a $165.00 price objective for the company. UBS Group lifted their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen increased their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird lifted their price objective on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.39.

Electronic Arts Stock Performance

NASDAQ:EA opened at $150.85 on Wednesday. The firm’s 50-day moving average is $144.89 and its 200-day moving average is $140.02. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 1.45. Electronic Arts has a 52-week low of $121.63 and a 52-week high of $153.51.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Equities research analysts anticipate that Electronic Arts will post 5.93 earnings per share for the current year.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,260 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $148.37, for a total transaction of $186,946.20. Following the sale, the chief financial officer now owns 7,553 shares of the company’s stock, valued at approximately $1,120,638.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the transaction, the chief executive officer now owns 54,247 shares in the company, valued at $7,675,950.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stuart Canfield sold 1,260 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $148.37, for a total transaction of $186,946.20. Following the completion of the sale, the chief financial officer now directly owns 7,553 shares in the company, valued at $1,120,638.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,644 shares of company stock valued at $3,340,377. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Hedge funds and other institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its holdings in Electronic Arts by 2.9% during the second quarter. Cullen Frost Bankers Inc. now owns 2,828 shares of the game software company’s stock worth $394,000 after purchasing an additional 79 shares during the last quarter. Shepherd Financial Partners LLC grew its holdings in shares of Electronic Arts by 1.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after acquiring an additional 88 shares in the last quarter. Grove Bank & Trust raised its holdings in Electronic Arts by 23.5% during the second quarter. Grove Bank & Trust now owns 494 shares of the game software company’s stock worth $69,000 after acquiring an additional 94 shares in the last quarter. CWM LLC boosted its position in Electronic Arts by 1.5% during the third quarter. CWM LLC now owns 6,302 shares of the game software company’s stock valued at $904,000 after purchasing an additional 95 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Electronic Arts by 4.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds 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.