Goldman Sachs Group Raises Electronic Arts (NASDAQ: EA) Price Target to $ 133.00

Electronic Arts (NASDAQ: EA-Evaluated) In a note issued to investors Thursday by Goldman Sachs Group equity researchers, The Fly reports that it has raised its price target from $ 125.00 to $ 133.00. The Goldman Sachs Group’s pricing targets indicate that it could fall 2.07% from the company’s current price.

Several other research analysts have also commented on EA. Deutsche Bank Akш lowered its stock price target for Electronic Arts from $ 170.00 to $ 165.00 in a report Wednesday, May 11. Raymond James lowered its share price target for Electronic Arts from $ 158.00 to $ 150.00 in a report Wednesday, May 11. TheStreet raised its share of Electronic Arts from “c +” to “b” in its report on Friday, May 20th. In a report Thursday, April 21, Stifel Nicolaus lowered Electronic Arts’ share price target from $ 165.00 to $ 155.00. Finally, StockNews.com raised its shares in Electronic Arts from a “hold” valuation to a “buy” valuation in a research note on Thursday, May 19th. Five research analysts evaluated the shares by hold rating and 17 issued biratings to the company. According to MarketBeat.com, the average rating for this stock is “buy” and the consensus target price is $ 155.04.

Electronic Arts shares fell $ 3.41 to $ 135.81 during Thursday noon trading. 2,229,395 shares were exchanged for an average trading volume of 2,488,842 shares. Electronic Arts has a minimum annual price of $ 109.24 and a maximum annual price of $ 148.93. The company has a market capitalization of $ 38.01 billion, a price-earnings ratio of 49.21, a price-earnings ratio of 2.29 and a beta of 0.81. The company has a debt-to-capital ratio of 0.25, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50-day moving average of $ 127.60 and a 200-day moving average of $ 128.84.

Electronic Arts (NASDAQ: EA-Get Rating) announced its financial results on Tuesday, May 10. Gaming software companies reported quarterly earnings per share of $ 0.82, which is below the consensus estimate of $ 1.04 ($ 0.22). The company’s first-quarter revenue was $ 1.75 billion, while a consensus estimate was $ 1.77 billion. Electronic Arts had a return on equity of 18.99% and a net profit margin of 11.29%. Electronic Arts quarterly revenue increased 17.5% year-on-year. During the same period last year, the company posted an EPS of $ 0.72. As a group, analysts predict that Electronic Arts will post 5.52 EPS this year.

In other Electronic Arts news, COO Laura Miele sold 3,100 shares of the company in a transaction that took place on Friday, April 1. The shares were sold for an average price of $ 124.91 and a total of $ 387,221.00. After the transaction, the Chief Operating Officer now owns 23,429 shares of the company, worth approximately $ 2,926,516.39. This transaction is disclosed in a document filed with the SEC and can be accessed via this link. Insider Vijayanthimala Singh also sold 800 shares of the company in a transaction that took place on Friday, April 1. The shares were sold at an average price of $ 126.85 and the total transaction value was $ 101,480.00. Disclosure of this sale can be found here. Insiders have sold 53,638 shares worth $ 6,984,354 in the last 90 days. 0.65% of the shares are owned by insiders of the company.

Recently, many institutional investors have increased or decreased their investment in EA. BlackRock Inc. increased its position in Electronic Arts by 1.9% in the fourth quarter. BlackRock Inc. owns 23,528,573 shares of a gaming software company for $ 3,103,418,000 after acquiring an additional 436,684 shares in the previous quarter. Vanguard Group Inc. increased its position in Electronic Arts by 0.7% in the first quarter. Vanguard Group Inc. owns 21,802,596 shares of the gaming software company for $ 2,758,246,000 after acquiring an additional 149,746 shares in the previous quarter. State Street Corporation increased its position in Electronic Arts by 0.5% in the fourth quarter. State Street Corporation owns 14,178,078 shares of the game software company for $ 1,870,088,000 after acquiring an additional 74,982 shares in the previous quarter. Wellington Management Group LLP increased its position in Electronic Arts by 18.7% in the first quarter. Wellington Management Group LLP owns 11,792,775 shares of a gaming software company for $ 1,491,902,000 after acquiring an additional 1,859,869 shares in the previous quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Electronic Arts by 3.8% in the first quarter. Massachusetts Financial Services Co. MA owns 11,078,541 shares of a gaming software company for $ 1,401,546,000 after acquiring an additional 409,382 shares in the previous quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.

Profile of ElectronicArts Company (Get evaluation)

Electronic Arts Inc develops, sells, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets around the world. Mainly Battlefield, The Sims, Apex Legends, Need for Speed, Plant vs.

References

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Analyst Recommendations for Electronic Arts (NASDAQ: EA)

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