Electronic Arts Inc. (EA) Given New $88.00 Price Target at Stifel Nicolaus
Electronic Arts Inc. (NASDAQ:EA) had its price objective upped by equities research analysts at Stifel Nicolaus from $87.00 to $88.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the game software company’s stock. Stifel Nicolaus’ price target points to a potential upside of 6.90% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Oppenheimer Holdings Inc. raised their target price on Electronic Arts from $88.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday. Vetr upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $93.33 target price for the company in a research note on Wednesday, October 12th. Zacks Investment Research cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Morgan Stanley initiated coverage on Electronic Arts in a research note on Friday, September 23rd. They issued an “overweight” rating and a $101.00 target price for the company. Finally, Benchmark Co. reiterated a “hold” rating and set a $98.00 price objective on shares of Electronic Arts in a research note on Thursday, September 22nd. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and an average target price of $89.02.
Shares of Electronic Arts (NASDAQ:EA) traded down 0.33% during midday trading on Monday, reaching $82.32. The company had a trading volume of 1,981,449 shares. The company has a market capitalization of $24.76 billion, a P/E ratio of 23.19 and a beta of 0.63. The company has a 50-day moving average price of $83.09 and a 200 day moving average price of $75.63. Electronic Arts has a one year low of $53.01 and a one year high of $86.07.
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Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.09. Electronic Arts had a return on equity of 24.97% and a net margin of 25.85%. The business earned $682 million during the quarter, compared to analysts’ expectations of $652.64 million. During the same quarter last year, the business posted $0.15 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Electronic Arts will post $3.64 earnings per share for the current fiscal year.
In other news, EVP Joel Linzner sold 8,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $85.34, for a total value of $682,720.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $85.03, for a total value of $4,251,500.00. Following the completion of the transaction, the chief executive officer now owns 290,581 shares in the company, valued at $24,708,102.43. The disclosure for this sale can be found here. Corporate insiders own 3.46% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its stake in Electronic Arts by 13.6% in the second quarter. FMR LLC now owns 29,807,407 shares of the game software company’s stock worth $2,258,208,000 after buying an additional 3,570,117 shares in the last quarter. Vanguard Group Inc. increased its stake in Electronic Arts by 0.8% in the second quarter. Vanguard Group Inc. now owns 26,751,707 shares of the game software company’s stock worth $2,026,708,000 after buying an additional 202,429 shares in the last quarter. Jackson Square Partners LLC increased its stake in Electronic Arts by 14.3% in the first quarter. Jackson Square Partners LLC now owns 12,098,912 shares of the game software company’s stock worth $885,415,000 after buying an additional 1,509,427 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Electronic Arts by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 11,877,969 shares of the game software company’s stock worth $899,870,000 after buying an additional 254,752 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Electronic Arts by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,194,060 shares of the game software company’s stock worth $620,782,000 after buying an additional 191,899 shares in the last quarter.
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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