A number of other analysts have also commented on EA. Needham & Company LLC upped their price objective on shares of Electronic Arts from $130.00 to $135.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Buckingham Research increased their price target on shares of Electronic Arts from $143.00 to $148.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Morgan Stanley increased their price target on shares of Electronic Arts from $120.00 to $126.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. Piper Jaffray Companies reaffirmed a buy rating and set a $145.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Wedbush reaffirmed a buy rating and set a $136.00 price objective on shares of Electronic Arts in a research report on Thursday, January 25th. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $130.34.
Electronic Arts (NASDAQ EA) traded up $4.10 during mid-day trading on Wednesday, hitting $120.64. 5,659,530 shares of the company were exchanged, compared to its average volume of 4,997,839. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.38 and a current ratio of 1.92. Electronic Arts has a 1-year low of $81.49 and a 1-year high of $131.01. The firm has a market cap of $37,003.66, a PE ratio of 37.70, a PEG ratio of 2.19 and a beta of 0.73.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.02 billion. analysts expect that Electronic Arts will post 3.66 earnings per share for the current fiscal year.
In related news, SVP Vijayanthimala Singh sold 200 shares of Electronic Arts stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $126.75, for a total value of $25,350.00. Following the completion of the transaction, the senior vice president now directly owns 4,528 shares of the company’s stock, valued at $573,924. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $105.76, for a total value of $1,063,734.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,158 shares of company stock valued at $7,546,309. Company insiders own 2.55% of the company’s stock.
A number of hedge funds have recently made changes to their positions in EA. Egerton Capital UK LLP acquired a new stake in Electronic Arts in the fourth quarter worth about $184,412,000. Flossbach Von Storch AG acquired a new position in shares of Electronic Arts during the 4th quarter worth about $139,782,000. Assenagon Asset Management S.A. acquired a new position in shares of Electronic Arts during the 3rd quarter worth about $148,789,000. Old Mutual Global Investors UK Ltd. grew its position in shares of Electronic Arts by 161.6% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,542,907 shares of the game software company’s stock worth $162,097,000 after buying an additional 953,148 shares during the period. Finally, BlackRock Inc. grew its position in shares of Electronic Arts by 4.4% during the 4th quarter. BlackRock Inc. now owns 21,297,293 shares of the game software company’s stock worth $2,237,493,000 after buying an additional 904,557 shares during the period. Hedge funds and other institutional investors own 92.63% of the company’s stock.
Electronic Arts Company Profile
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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