Electronic Arts Inc. (NASDAQ:EA) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a $94.20 price objective on the game software company’s stock. Vetr‘s price objective indicates a potential upside of 3.28% from the company’s previous close.

A number of other research analysts have also commented on the company. Zacks Investment Research raised Electronic Arts from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Tuesday, December 27th. Mizuho upped their price objective on Electronic Arts from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Macquarie reaffirmed an “outperform” rating and issued a $88.00 price objective on shares of Electronic Arts in a report on Wednesday, February 1st. Cowen and Company reaffirmed a “market perform” rating on shares of Electronic Arts in a report on Tuesday, January 31st. Finally, Jefferies Group LLC upped their price objective on Electronic Arts from $105.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $90.98.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Shares of Electronic Arts (NASDAQ:EA) traded up 1.74% during trading on Thursday, reaching $91.21. The company’s stock had a trading volume of 2,024,287 shares. The company has a market cap of $28.12 billion, a PE ratio of 22.14 and a beta of 0.65. Electronic Arts has a 52 week low of $61.10 and a 52 week high of $91.82. The stock’s 50 day moving average price is $89.25 and its 200 day moving average price is $83.38.

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Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, January 31st. The game software company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. Electronic Arts had a return on equity of 27.22% and a net margin of 28.10%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the firm posted $1.83 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Electronic Arts will post $3.83 EPS for the current year.

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In other news, EVP Peter R. Moore sold 10,000 shares of the stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $81.84, for a total value of $818,400.00. Following the completion of the sale, the executive vice president now owns 43,370 shares of the company’s stock, valued at $3,549,400.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joel Linzner sold 5,000 shares of the stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $90.00, for a total value of $450,000.00. Following the completion of the sale, the executive vice president now directly owns 29,745 shares of the company’s stock, valued at approximately $2,677,050. The disclosure for this sale can be found here. Insiders sold 109,379 shares of company stock valued at $9,407,770 over the last quarter. Corporate insiders own 3.46% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Bessemer Group Inc. boosted its stake in shares of Electronic Arts by 3,410.0% in the fourth quarter. Bessemer Group Inc. now owns 1,404 shares of the game software company’s stock valued at $111,000 after buying an additional 1,364 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Electronic Arts during the fourth quarter valued at $118,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Electronic Arts by 270.5% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,630 shares of the game software company’s stock valued at $139,000 after buying an additional 1,190 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Electronic Arts during the third quarter valued at $140,000. Finally, Tuttle Tactical Management LLC acquired a new stake in Electronic Arts during the third quarter valued at approximately $153,000.

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.

5 Day Chart for NASDAQ:EA

To view Vetr’s full report, visit Vetr’s official website.

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