Electronic Arts (NASDAQ:EA) Given New $139.00 Price Target at Citigroup

Electronic Arts (NASDAQ:EA) had its price target decreased by Citigroup from $163.00 to $139.00 in a research note issued to investors on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the game software company’s stock.

A number of other equities analysts have also recently commented on EA. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. BNP Paribas cut shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a research note on Monday, January 27th. Robert W. Baird dropped their price target on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Stifel Nicolaus dropped their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Finally, Bank of America cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $170.00 to $130.00 in a research note on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus target price of $156.38.

Electronic Arts Stock Performance

EA opened at $121.25 on Tuesday. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.50 and a beta of 0.79. The company has a fifty day moving average of $145.96 and a 200 day moving average of $147.66. Electronic Arts has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.12% and a return on equity of 18.56%. As a group, sell-side analysts forecast that Electronic Arts will post 5.02 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total transaction of $244,950.00. Following the completion of the transaction, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. The trade was a 6.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the transaction, the insider now owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,500 shares of company stock worth $3,562,510. 0.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Electronic Arts

Several large investors have recently bought and sold shares of the stock. Larson Financial Group LLC grew its position in Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Claro Advisors LLC boosted its holdings in shares of Electronic Arts by 3.4% in the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock valued at $334,000 after acquiring an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of Electronic Arts by 5.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after acquiring an additional 76 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Electronic Arts by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after acquiring an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after acquiring an additional 83 shares during the last quarter. 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.