William Blair restated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a research report report published on Friday morning.
Several other equities analysts have also commented on the company. Wedbush reiterated a buy rating on shares of Electronic Arts in a research report on Tuesday, January 2nd. Vetr lowered Electronic Arts from a strong-buy rating to a buy rating and set a $112.73 price objective on the stock. in a research report on Monday, January 1st. SunTrust Banks set a $130.00 price objective on Electronic Arts and gave the company a buy rating in a research report on Friday, January 12th. Oppenheimer reiterated a buy rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 17th. Finally, Piper Jaffray reiterated a buy rating and set a $142.00 price objective on shares of Electronic Arts in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Electronic Arts currently has an average rating of Buy and a consensus target price of $132.81.
Shares of NASDAQ EA opened at $122.19 on Friday. The stock has a market capitalization of $36,969.93, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92. Electronic Arts has a twelve month low of $88.72 and a twelve month high of $131.13.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.03. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. research analysts forecast that Electronic Arts will post 3.66 EPS for the current fiscal year.
In related news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $116.32, for a total transaction of $116,320.00. Following the completion of the sale, the senior vice president now directly owns 17,950 shares in the company, valued at approximately $2,087,944. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.30, for a total value of $1,154,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 81,079 shares of company stock valued at $9,986,474 over the last 90 days. 2.55% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of EA. First Republic Investment Management Inc. lifted its holdings in Electronic Arts by 33.9% in the 3rd quarter. First Republic Investment Management Inc. now owns 6,133 shares of the game software company’s stock worth $725,000 after buying an additional 1,554 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Electronic Arts by 12.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,037 shares of the game software company’s stock worth $947,000 after buying an additional 871 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Electronic Arts by 31.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 10,419 shares of the game software company’s stock worth $1,230,000 after buying an additional 2,518 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Electronic Arts by 7.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 310,233 shares of the game software company’s stock worth $36,626,000 after buying an additional 22,816 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Electronic Arts by 5.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,040,924 shares of the game software company’s stock worth $122,891,000 after buying an additional 52,313 shares during the period. Institutional investors own 95.53% of the company’s stock.
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About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.
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