Electronic Arts (NASDAQ:EA) Price Target Lowered to $158.00 at Robert W. Baird

Electronic Arts (NASDAQ:EA) had its price target lowered by analysts at Robert W. Baird from $175.00 to $158.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the game software company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 10.99% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $160.00 to $145.00 in a research note on Thursday. Bank of America lowered Electronic Arts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $130.00 in a research note on Thursday. Argus lifted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Benchmark reiterated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, UBS Group lifted their price target on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts presently has an average rating of “Moderate Buy” and a consensus price target of $160.89.

Electronic Arts Trading Down 0.6 %

Shares of EA stock opened at $142.35 on Thursday. The company has a market capitalization of $37.33 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.88 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $154.24 and a 200 day moving average price of $149.20. Electronic Arts has a twelve month low of $124.92 and a twelve month high of $168.50.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now owns 28,190 shares of the company’s stock, valued at $4,251,897.70. This trade represents a 3.43 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares in the company, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,500 shares of company stock valued at $4,351,060 over the last three months. 0.22% of the stock is owned by company insiders.

Institutional Trading of Electronic Arts

Several large investors have recently modified their holdings of the business. Foster Victor Wealth Advisors LLC boosted its stake in shares of Electronic Arts by 2.6% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 124,052 shares of the game software company’s stock valued at $17,615,000 after buying an additional 3,138 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Electronic Arts by 51.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after buying an additional 373,730 shares during the last quarter. Stonegate Investment Group LLC raised its holdings in Electronic Arts by 25.3% in the fourth quarter. Stonegate Investment Group LLC now owns 1,939 shares of the game software company’s stock valued at $284,000 after acquiring an additional 391 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Electronic Arts by 2.4% during the 4th quarter. Perigon Wealth Management LLC now owns 6,321 shares of the game software company’s stock valued at $894,000 after acquiring an additional 147 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in Electronic Arts by 6.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,632 shares of the game software company’s stock worth $239,000 after acquiring an additional 94 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.