Electronic Arts (NASDAQ:EA) Given New $145.00 Price Target at Deutsche Bank Aktiengesellschaft


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Electronic Arts (NASDAQ:EA) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $144.00 to $145.00 in a research report issued on Thursday, The Fly reports. The brokerage presently has a “hold” rating on the game software company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 6.35% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered shares of Electronic Arts from an “overweight” rating to a “neutral” rating and set a $155.00 target price for the company. in a research report on Wednesday, December 16th. They noted that the move was a valuation call. Credit Suisse Group increased their target price on shares of Electronic Arts from $149.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, November 2nd. Jefferies Financial Group cut their target price on shares of Electronic Arts from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, October 26th. Wells Fargo & Company cut their target price on shares of Electronic Arts from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 9th. Finally, Stifel Nicolaus cut their target price on shares of Electronic Arts from $163.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, November 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $142.24.

Shares of EA stock opened at $136.34 on Thursday. Electronic Arts has a one year low of $85.69 and a one year high of $147.36. The firm has a 50-day moving average of $136.65 and a 200-day moving average of $133.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market cap of $39.52 billion, a P/E ratio of 30.37, a P/E/G ratio of 2.94 and a beta of 0.90.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Thursday, November 5th. The game software company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.26. Electronic Arts had a net margin of 23.51% and a return on equity of 17.85%. The business had revenue of $910.00 million during the quarter, compared to the consensus estimate of $955.62 million. As a group, research analysts expect that Electronic Arts will post 4.14 earnings per share for the current fiscal year.

In other news, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $132.77, for a total transaction of $132,770.00. Following the completion of the sale, the general counsel now owns 17,503 shares of the company’s stock, valued at approximately $2,323,873.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Blake J. Jorgensen sold 5,975 shares of the company’s stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $132.64, for a total transaction of $792,524.00. Following the sale, the chief financial officer now directly owns 56,566 shares of the company’s stock, valued at approximately $7,502,914.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,452 shares of company stock worth $3,625,303. Company insiders own 0.92% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EA. Newfound Research LLC bought a new stake in Electronic Arts in the third quarter worth $31,000. Ellevest Inc. lifted its position in Electronic Arts by 59.5% in the third quarter. Ellevest Inc. now owns 268 shares of the game software company’s stock worth $35,000 after buying an additional 100 shares during the last quarter. Catalyst Private Wealth LLC bought a new stake in Electronic Arts in the third quarter worth $39,000. Trust Co. of Vermont lifted its position in Electronic Arts by 210.0% in the third quarter. Trust Co. of Vermont now owns 310 shares of the game software company’s stock worth $40,000 after buying an additional 210 shares during the last quarter. Finally, Ropes Wealth Advisors LLC lifted its position in Electronic Arts by 2,900.0% in the third quarter. Ropes Wealth Advisors LLC now owns 360 shares of the game software company’s stock worth $47,000 after buying an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 81.28% 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. 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, The Sims, Apex Legends, Need for Speed, and Plants v.

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