Shares of Electronic Arts Inc. (NASDAQ:EA) have been assigned a consensus recommendation of “Buy” from the thirty-one research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty-two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $135.96.
Several equities analysts recently commented on EA shares. Stifel Nicolaus upped their target price on shares of Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a research note on Monday, July 23rd. SunTrust Banks upped their price target on Electronic Arts to $155.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Argus raised Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday, August 1st. BidaskClub cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Finally, Wedbush reaffirmed a “buy” rating and issued a $158.00 price target on shares of Electronic Arts in a report on Monday, July 23rd.
In other news, insider Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $113.10, for a total transaction of $169,650.00. Following the completion of the sale, the insider now owns 56,776 shares of the company’s stock, valued at $6,421,365.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $128.00, for a total transaction of $128,000.00. The disclosure for this sale can be found here. Insiders have sold 109,750 shares of company stock valued at $12,200,643 over the last quarter. Corporate insiders own 2.24% of the company’s stock.
Several large investors have recently made changes to their positions in EA. DnB Asset Management AS purchased a new position in shares of Electronic Arts in the 2nd quarter valued at about $5,512,000. IFM Investors Pty Ltd boosted its stake in shares of Electronic Arts by 46.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 13,878 shares of the game software company’s stock valued at $1,957,000 after buying an additional 4,375 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Electronic Arts by 17.1% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,479 shares of the game software company’s stock valued at $773,000 after buying an additional 800 shares during the period. State of Alaska Department of Revenue lifted its stake in Electronic Arts by 5.2% in the second quarter. State of Alaska Department of Revenue now owns 48,574 shares of the game software company’s stock worth $6,849,000 after acquiring an additional 2,405 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in Electronic Arts by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 56,992 shares of the game software company’s stock worth $8,037,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.
Shares of EA stock traded down $4.98 during trading hours on Monday, reaching $88.89. 7,236,309 shares of the company’s stock were exchanged, compared to its average volume of 6,002,176. Electronic Arts has a fifty-two week low of $88.22 and a fifty-two week high of $151.26. The firm has a market cap of $28.34 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.61 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 (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that Electronic Arts will post 3.87 EPS for the current fiscal year.
About Electronic Arts
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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