BMO Capital Markets upgraded shares of Electronic Arts (NASDAQ:EA) from a market perform rating to an outperform rating in a report issued on Monday, January 8th, Marketbeat reports. They currently have $97.00 price objective on the game software company’s stock, down from their prior price objective of $112.39. The analysts noted that the move was a valuation call.
Several other equities research analysts have also issued reports on EA. Morgan Stanley reaffirmed an overweight rating and issued a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a research note on Monday, October 2nd. Barclays assumed coverage on shares of Electronic Arts in a research note on Wednesday, October 4th. They issued an overweight rating and a $129.00 price objective for the company. Vetr raised shares of Electronic Arts from a sell rating to a hold rating and set a $104.10 price objective for the company in a research note on Thursday, January 4th. Buckingham Research initiated coverage on shares of Electronic Arts in a research note on Wednesday, September 20th. They issued a buy rating and a $143.00 price objective for the company. Finally, SunTrust Banks initiated coverage on shares of Electronic Arts in a research report on Tuesday, October 10th. They set a buy rating and a $133.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Electronic Arts presently has a consensus rating of Buy and a consensus price target of $128.45.
Electronic Arts (NASDAQ:EA) traded up $1.22 during trading on Monday, hitting $128.18. 6,292,031 shares of the stock traded hands, compared to its average volume of 4,070,000. 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 fifty-two week low of $80.40 and a fifty-two week high of $131.01. The stock has a market cap of $39,570.00, a PE ratio of 40.31, a P/E/G ratio of 2.17 and a beta of 0.61.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.09%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.02 billion. research analysts anticipate that Electronic Arts will post 3.65 earnings per share for the current year.
In other news, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $105.76, for a total transaction of $1,063,734.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $116.32, for a total transaction of $116,320.00. Following the transaction, the senior vice president now directly owns 17,950 shares of the company’s stock, valued at approximately $2,087,944. The disclosure for this sale can be found here. Insiders have sold 55,958 shares of company stock valued at $6,044,744 in the last ninety days. 2.55% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cerebellum GP LLC bought a new stake in Electronic Arts in the fourth quarter valued at about $129,000. First Bank & Trust bought a new stake in Electronic Arts in the fourth quarter valued at about $134,000. Bessemer Group Inc. increased its stake in Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after acquiring an additional 783 shares during the period. Exane Derivatives bought a new stake in Electronic Arts in the fourth quarter valued at about $142,000. Finally, Tower Research Capital LLC TRC increased its stake in Electronic Arts by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after acquiring an additional 1,063 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.
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About Electronic Arts
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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