Sanford C. Bernstein initiated coverage on shares of Electronic Arts (NASDAQ:EA) in a report published on Thursday morning. The brokerage issued an outperform rating and a $139.00 target price on the game software company’s stock.
EA has been the topic of several other research reports. Vetr upgraded shares of Electronic Arts from a strong sell rating to a sell rating and set a $99.63 price objective on the stock in a research report on Tuesday. SunTrust Banks set a $130.00 price objective on shares of Electronic Arts and gave the company a buy rating in a research report on Friday, January 12th. Oppenheimer restated a buy rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday. Morgan Stanley restated an overweight rating and set a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Finally, Barclays started coverage on shares of Electronic Arts in a research report on Wednesday, October 4th. They set an overweight rating and a $129.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $122.85.
Shares of Electronic Arts (NASDAQ:EA) traded up $0.90 during trading hours on Thursday, reaching $116.18. 3,515,640 shares of the company’s stock traded hands, compared to its average volume of 3,490,000. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. Electronic Arts has a 1 year low of $78.89 and a 1 year high of $122.79. The company has a market cap of $36,150.00, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 31st. The game software company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. sell-side analysts forecast that Electronic Arts will post 3.69 earnings per share for the current fiscal year.
In other news, EVP Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $113.78, for a total transaction of $170,670.00. Following the sale, the executive vice president now owns 40,662 shares of the company’s stock, valued at approximately $4,626,522.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the sale, the chief financial officer now directly owns 159,114 shares in the company, valued at approximately $17,956,014.90. The disclosure for this sale can be found here. Insiders have sold a total of 66,516 shares of company stock worth $7,243,795 in the last ninety days. Insiders own 2.55% of the company’s stock.
Large investors have recently bought and sold shares of the stock. First Bank & Trust bought a new stake in Electronic Arts during the fourth quarter worth about $134,000. Bessemer Group Inc. boosted its stake in Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after acquiring an additional 783 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after acquiring an additional 1,063 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Electronic Arts during the third quarter worth about $183,000. Finally, GHP Investment Advisors Inc. bought a new stake in Electronic Arts during the third quarter worth about $202,000. 93.53% of the stock is currently owned by institutional investors and hedge funds.
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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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