Electronic Arts (NASDAQ:EA) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Electronic Arts (NASDAQ:EA)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday, Benzinga reports. They currently have a $160.00 price objective on the game software company’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 13.68% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Oppenheimer increased their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Bank of America increased their price target on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Roth Mkm boosted their price objective on Electronic Arts from $135.00 to $152.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group assumed coverage on Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and a consensus price target of $161.94.

Electronic Arts Stock Up 0.2 %

Shares of EA opened at $140.74 on Wednesday. The company has a market capitalization of $37.40 billion, a PE ratio of 30.07, a PEG ratio of 1.97 and a beta of 0.79. The stock’s 50-day moving average price is $146.36 and its two-hundred day moving average price is $137.68. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12 month low of $117.47 and a 12 month high of $153.51.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, analysts anticipate that Electronic Arts will post 5.89 EPS for the current year.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 800 shares of Electronic Arts stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total transaction of $111,768.00. Following the transaction, the insider now owns 38,574 shares of the company’s stock, valued at $5,389,173.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Electronic Arts news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total value of $350,650.00. Following the completion of the sale, the chief executive officer now owns 61,747 shares in the company, valued at approximately $8,660,634.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 800 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.71, for a total value of $111,768.00. Following the completion of the transaction, the insider now owns 38,574 shares in the company, valued at approximately $5,389,173.54. The disclosure for this sale can be found here. Insiders sold a total of 28,570 shares of company stock valued at $4,183,508 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. grew its position in shares of Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after acquiring an additional 150 shares during the period. Cape Investment Advisory Inc. lifted its stake in Electronic Arts by 102.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in Electronic Arts during the first quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new stake in Electronic Arts in the second quarter worth $28,000. Finally, YHB Investment Advisors Inc. purchased a new stake in Electronic Arts in the first quarter worth $30,000. 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.