Electronic Arts (NASDAQ:EA) Given New $202.00 Price Target at Citigroup

Electronic Arts (NASDAQ:EAGet Free Report) had its price target reduced by Citigroup from $207.00 to $202.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the game software company’s stock. Citigroup’s price target would indicate a potential upside of 2.29% from the stock’s current price.

Several other research analysts also recently commented on EA. Zacks Research downgraded Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Argus set a $210.00 target price on Electronic Arts in a report on Thursday, October 30th. Morgan Stanley lifted their price target on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Finally, Benchmark restated a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $186.95.

View Our Latest Stock Analysis on EA

Electronic Arts Stock Performance

Shares of Electronic Arts stock traded down $3.91 during trading on Wednesday, hitting $197.48. 7,434,833 shares of the stock were exchanged, compared to its average volume of 2,387,419. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $203.87 and a 200-day moving average price of $190.21. The stock has a market capitalization of $49.39 billion, a price-to-earnings ratio of 57.64, a price-to-earnings-growth ratio of 2.45 and a beta of 0.74. Electronic Arts has a 1-year low of $125.95 and a 1-year high of $204.88.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $204.30, for a total transaction of $245,160.00. Following the completion of the sale, the insider owned 32,360 shares in the company, valued at $6,611,148. This trade represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $204.27, for a total value of $510,675.00. Following the transaction, the insider directly owned 50,648 shares of the company’s stock, valued at approximately $10,345,866.96. This trade represents a 4.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 123,769 shares of company stock valued at $24,943,734 in the last three months. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Electronic Arts

Several large investors have recently added to or reduced their stakes in EA. EverSource Wealth Advisors LLC raised its position in Electronic Arts by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after purchasing an additional 50 shares during the last quarter. Salomon & Ludwin LLC boosted its position in shares of Electronic Arts by 32.8% in the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after purchasing an additional 57 shares in the last quarter. Ballentine Partners LLC boosted its position in Electronic Arts by 1.2% in the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Electronic Arts by 5.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after buying an additional 59 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in Electronic Arts by 3.6% in the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock worth $392,000 after acquiring an additional 67 shares during the period. Institutional investors own 90.23% of the company’s stock.

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Electronic Arts Company Profile

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Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.

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