Electronic Arts Inc. (NASDAQ:EA) received a $143.00 target price from investment analysts at Buckingham Research in a research report issued on Sunday. The firm currently has a “buy” rating on the game software company’s stock. Buckingham Research’s price target points to a potential upside of 32.85% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Jefferies Group LLC reissued a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research report on Thursday, August 31st. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Benchmark Co. increased their price objective on shares of Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Wedbush set a $136.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.38.
Shares of Electronic Arts (EA) opened at $107.64 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts has a 1-year low of $73.74 and a 1-year high of $122.79. The firm has a market capitalization of $33,508.45, a PE ratio of 27.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.65.
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In related news, CEO Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $119.56, for a total value of $1,202,534.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $117.14, for a total transaction of $1,171,400.00. Following the completion of the transaction, the chief financial officer now owns 199,614 shares of the company’s stock, valued at $23,382,783.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,524 shares of company stock valued at $14,538,985. 2.55% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its holdings in Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Electronic Arts by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after purchasing an additional 1,063 shares during the period. Dupont Capital Management Corp bought a new position in Electronic Arts in the 3rd quarter valued at $183,000. GHP Investment Advisors Inc. bought a new position in Electronic Arts in the 3rd quarter valued at $202,000. Finally, Texas Yale Capital Corp. bought a new position in Electronic Arts in the 3rd quarter valued at $205,000. Institutional investors and hedge funds own 93.59% of the company’s stock.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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