Electronic Arts (EA) Reaches New 52-Week Low at $79.50

Electronic Arts Inc. (NASDAQ:EA)’s share price reached a new 52-week low on Thursday . The company traded as low as $79.50 and last traded at $83.34, with a volume of 290875 shares traded. The stock had previously closed at $81.18.

Several equities analysts have commented on the stock. ValuEngine raised shares of Electronic Arts from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet downgraded shares of Electronic Arts from a “b-” rating to a “c+” rating in a research report on Friday, November 30th. BMO Capital Markets lowered their target price on shares of Electronic Arts from $162.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 31st. Wedbush set a $133.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research reissued a “hold” rating on shares of Electronic Arts in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus price target of $134.68.

The stock has a market cap of $24.53 billion, a PE ratio of 24.38, a PEG ratio of 1.40 and a beta of 1.02. The company has a quick ratio of 3.52, 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.46. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. On average, equities research analysts predict that Electronic Arts Inc. will post 3.87 EPS for the current fiscal year.

In related news, CEO Andrew Wilson sold 29,000 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $117.56, for a total value of $3,409,240.00. Following the completion of the sale, the chief executive officer now owns 20,000 shares in the company, valued at $2,351,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $117.49, for a total transaction of $1,233,645.00. Following the completion of the sale, the chief financial officer now owns 116,991 shares of the company’s stock, valued at approximately $13,745,272.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,450 shares of company stock worth $7,925,690. 2.24% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Motley Fool Asset Management LLC lifted its stake in Electronic Arts by 13.8% during the second quarter. Motley Fool Asset Management LLC now owns 3,286 shares of the game software company’s stock worth $463,000 after purchasing an additional 399 shares during the period. State Treasurer State of Michigan lifted its stake in Electronic Arts by 0.6% during the second quarter. State Treasurer State of Michigan now owns 90,806 shares of the game software company’s stock worth $12,805,000 after purchasing an additional 500 shares during the period. Redpoint Investment Management Pty Ltd lifted its stake in Electronic Arts by 2.0% during the second quarter. Redpoint Investment Management Pty Ltd now owns 26,640 shares of the game software company’s stock worth $3,757,000 after purchasing an additional 514 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in Electronic Arts by 0.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 61,038 shares of the game software company’s stock worth $8,608,000 after purchasing an additional 551 shares during the period. Finally, Wetherby Asset Management Inc. lifted its stake in Electronic Arts by 11.1% during the third quarter. Wetherby Asset Management Inc. now owns 5,916 shares of the game software company’s stock worth $713,000 after purchasing an additional 593 shares during the period. Hedge funds and other institutional investors own 94.99% of the company’s stock.

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About Electronic Arts (NASDAQ:EA)

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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