Oppenheimer restated their buy rating on shares of Electronic Arts (NASDAQ:EA) in a research note issued to investors on Wednesday, January 17th. They currently have a $130.00 price target on the game software company’s stock.
A number of other analysts have also recently commented on the stock. Vetr upgraded shares of Electronic Arts from a strong sell rating to a sell rating and set a $99.63 target price on the stock in a report on Tuesday, January 16th. Morgan Stanley cut shares of Electronic Arts from an overweight rating to an equal weight rating and boosted their target price for the company from $112.00 to $126.00 in a report on Friday, January 12th. SunTrust Banks set a $130.00 target price on shares of Electronic Arts and gave the company a buy rating in a report on Friday, January 12th. BMO Capital Markets upgraded shares of Electronic Arts from a market perform rating to an outperform rating and dropped their price target for the stock from $112.39 to $97.00 in a research note on Monday, January 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Electronic Arts from a hold rating to a sell rating in a research note on Tuesday, January 2nd. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $130.34.
Shares of Electronic Arts (EA) traded up $4.10 during midday trading on Wednesday, hitting $120.64. 5,659,530 shares of the company traded hands, compared to its average volume of 4,700,000. The stock has a market capitalization of $37,240.00, a P/E ratio of 37.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. Electronic Arts has a 12 month low of $84.13 and a 12 month high of $131.01. The company has a current ratio of 1.92, a quick ratio of 2.38 and a debt-to-equity ratio of 0.24.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, January 30th. The game software company reported $2.06 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 for the quarter, compared to analysts’ expectations of $2.02 billion. equities analysts predict that Electronic Arts will post 3.66 EPS for the current year.
In related news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the completion of the transaction, the senior vice president now directly owns 19,950 shares in the company, valued at approximately $2,160,186. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Vijayanthimala Singh sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $126.75, for a total value of $25,350.00. Following the transaction, the senior vice president now owns 4,528 shares of the company’s stock, valued at $573,924. The disclosure for this sale can be found here. Insiders have sold a total of 67,158 shares of company stock valued at $7,546,309 in the last ninety days. Insiders own 2.55% of the company’s stock.
Large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in Electronic Arts by 0.7% in the 2nd quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock worth $3,244,778,000 after purchasing an additional 205,768 shares during the period. BlackRock Inc. boosted its stake in Electronic Arts by 4.4% in the 4th quarter. BlackRock Inc. now owns 21,297,293 shares of the game software company’s stock worth $2,237,493,000 after purchasing an additional 904,557 shares during the period. Bank of New York Mellon Corp boosted its stake in Electronic Arts by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock worth $496,317,000 after purchasing an additional 25,397 shares during the period. Northern Trust Corp boosted its stake in Electronic Arts by 1.2% in the 2nd quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock worth $362,804,000 after purchasing an additional 40,722 shares during the period. Finally, American Century Companies Inc. boosted its stake in Electronic Arts by 6.3% in the 4th quarter. American Century Companies Inc. now owns 2,883,283 shares of the game software company’s stock worth $302,918,000 after purchasing an additional 171,179 shares during the period. Institutional investors own 92.63% of the company’s stock.
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About Electronic Arts
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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