Electronic Arts (EA) Trading Up 0.8% After Analyst Upgrade

Electronic Arts Inc. (NASDAQ:EA)’s share price was up 0.8% during mid-day trading on Thursday after Stifel Nicolaus raised their price target on the stock from $129.00 to $141.00. Stifel Nicolaus currently has a buy rating on the stock. Electronic Arts traded as high as $131.01 and last traded at $128.01. Approximately 3,502,769 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 4,667,486 shares. The stock had previously closed at $126.96.

Several other equities analysts have also issued reports on EA. Barclays started coverage on Electronic Arts in a report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 target price for the company. SunTrust Banks initiated coverage on Electronic Arts in a report on Tuesday, October 10th. They set a “buy” rating and a $133.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and set a $128.00 price objective on shares of Electronic Arts in a report on Thursday, October 12th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a report on Friday, October 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $126.00 price objective (down from $128.00) on shares of Electronic Arts in a report on Wednesday, October 18th. Two 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 company has an average rating of “Buy” and an average target price of $127.82.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the sale, the senior vice president now owns 19,950 shares in the company, valued at $2,160,186. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $105.80, for a total value of $158,700.00. Following the sale, the executive vice president now owns 38,562 shares in the company, valued at approximately $4,079,859.60. The disclosure for this sale can be found here. Insiders sold 55,958 shares of company stock worth $6,044,744 in the last quarter. 2.55% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in EA. Thrivent Financial For Lutherans grew its stake in shares of Electronic Arts by 3.5% during the second quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock valued at $1,236,000 after buying an additional 390 shares during the last quarter. Pinebridge Investments L.P. bought a new position in shares of Electronic Arts during the second quarter valued at about $302,000. Dimensional Fund Advisors LP grew its stake in shares of Electronic Arts by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 741,503 shares of the game software company’s stock valued at $78,399,000 after buying an additional 3,238 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Electronic Arts by 24.0% during the second quarter. Stifel Financial Corp now owns 46,547 shares of the game software company’s stock valued at $4,929,000 after buying an additional 9,017 shares during the last quarter. Finally, Employees Retirement System of Texas grew its stake in shares of Electronic Arts by 37.5% during the second quarter. Employees Retirement System of Texas now owns 22,000 shares of the game software company’s stock valued at $2,326,000 after buying an additional 6,000 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

The firm has a market capitalization of $40,030.00, a P/E ratio of 40.47, a PEG ratio of 2.17 and a beta of 0.61. 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 (NASDAQ:EA) last posted its earnings results on Tuesday, October 31st. The game software company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Electronic Arts had a return on equity of 25.09% and a net margin of 19.67%. equities analysts expect that Electronic Arts Inc. will post 3.65 EPS for the current fiscal year.

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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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