Electronic Arts (EA) Price Target Lowered to $138.00 at UBS Group

Electronic Arts (NASDAQ:EA) had its price target lowered by UBS Group from $166.00 to $138.00 in a report released on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the game software company’s stock.

Other equities research analysts have also issued research reports about the stock. Wedbush restated an outperform rating and issued a $158.00 target price on shares of Electronic Arts in a report on Tuesday, July 31st. ValuEngine lowered shares of Electronic Arts from a buy rating to a hold rating in a report on Thursday, August 30th. Stifel Nicolaus upped their target price on shares of Electronic Arts from $157.00 to $159.00 and gave the stock a $146.56 rating in a report on Monday, July 23rd. SunTrust Banks lowered their target price on shares of Electronic Arts to $140.00 and set a buy rating on the stock in a report on Friday, August 31st. Finally, BidaskClub lowered shares of Electronic Arts from a buy rating to a hold rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Electronic Arts currently has a consensus rating of Buy and a consensus price target of $134.68.

EA stock opened at $92.46 on Wednesday. The stock has a market cap of $28.18 billion, a PE ratio of 26.88, a P/E/G ratio of 1.67 and a beta of 0.96. The company has a current ratio of 3.52, a quick ratio of 3.84 and a debt-to-equity ratio of 0.19. Electronic Arts has a 1 year low of $89.12 and a 1 year high of $151.26.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.46. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, sell-side analysts expect that Electronic Arts will post 3.87 EPS for the current fiscal year.

In other Electronic Arts news, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $102.81, for a total value of $102,810.00. Following the completion of the sale, the general counsel now owns 17,029 shares in the company, valued at approximately $1,750,751.49. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 29,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $113.13, for a total transaction of $3,280,770.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $2,262,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,500 shares of company stock valued at $11,628,780. Company insiders own 2.24% of the company’s stock.

Large investors have recently bought and sold shares of the business. Kaizen Advisory LLC grew its position in shares of Electronic Arts by 159.5% during the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock valued at $108,000 after acquiring an additional 469 shares during the period. Alpha Windward LLC bought a new position in shares of Electronic Arts during the 2nd quarter valued at approximately $113,000. Sun Life Financial INC grew its position in shares of Electronic Arts by 389.4% during the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock valued at $117,000 after acquiring an additional 662 shares during the period. Massey Quick Simon & CO. LLC grew its position in shares of Electronic Arts by 165.4% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock valued at $130,000 after acquiring an additional 675 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Electronic Arts during the 3rd quarter valued at approximately $134,000. Hedge funds and other institutional investors own 93.41% 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. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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