Electronic Arts (NASDAQ:EA) had its price target cut by MKM Partners to $135.00 in a research note released on Wednesday, The Fly reports. They currently have a buy rating on the game software company’s stock.
Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of Electronic Arts from $157.00 to $159.00 and gave the stock a $146.56 rating in a report on Monday, July 23rd. Argus raised shares of Electronic Arts from a hold rating to a buy rating in a report on Wednesday, August 1st. BidaskClub lowered shares of Electronic Arts from a strong-buy rating to a buy rating in a report on Wednesday, July 25th. Wedbush reissued a buy rating and issued a $158.00 price target on shares of Electronic Arts in a report on Monday, July 23rd. Finally, SunTrust Banks boosted their price target on shares of Electronic Arts to $155.00 and gave the stock a buy rating in a report on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Electronic Arts presently has an average rating of Buy and a consensus price target of $134.68.
Shares of NASDAQ EA opened at $92.46 on Wednesday. The firm has a market capitalization of $28.18 billion, a P/E ratio of 26.88, a P/E/G ratio of 1.67 and a beta of 0.96. The company has a quick ratio of 3.84, a current ratio of 3.52 and a debt-to-equity ratio of 0.19. Electronic Arts has a one year low of $89.12 and a one year high of $151.26.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.37 by $0.46. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. Equities research analysts expect that Electronic Arts will post 3.87 earnings per share for the current year.
In other news, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $128.00, for a total transaction of $128,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $130.06, for a total transaction of $1,365,630.00. Following the transaction, the chief financial officer now directly owns 135,991 shares in the company, valued at approximately $17,686,989.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,500 shares of company stock worth $11,628,780. 2.24% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Kaizen Advisory LLC boosted its position in shares of Electronic Arts by 159.5% during the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock valued at $108,000 after acquiring an additional 469 shares during the last quarter. Alpha Windward LLC acquired a new position in shares of Electronic Arts during the 2nd quarter valued at about $113,000. Sun Life Financial INC boosted its position in shares of Electronic Arts by 389.4% during the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock valued at $117,000 after acquiring an additional 662 shares during the last quarter. Massey Quick Simon & CO. LLC boosted its position in shares of Electronic Arts by 165.4% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock valued at $130,000 after acquiring an additional 675 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Electronic Arts during the 3rd quarter valued at about $134,000. 93.41% of the stock is currently owned by hedge funds and other institutional investors.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.
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