Stock analysts at Goldman Sachs Group, Inc. (The) began coverage on shares of Electronic Arts Inc. (NASDAQ:EA) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating and a $136.00 price target on the game software company’s stock. Goldman Sachs Group, Inc. (The)’s price target indicates a potential upside of 14.35% from the stock’s previous close.

EA has been the topic of a number of other research reports. Needham & Company LLC started coverage on shares of Electronic Arts in a research note on Monday, July 17th. They set a “buy” rating and a $130.00 price objective on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $135.00 price objective (up previously from $123.00) on shares of Electronic Arts in a research note on Friday, July 28th. Bank of America Corporation upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Ascendiant Capital Markets upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Thursday, May 11th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $116.77.

Electronic Arts (NASDAQ EA) traded up 0.03% during midday trading on Friday, hitting $118.97. The company’s stock had a trading volume of 378,130 shares. The company’s 50-day moving average is $117.19 and its 200 day moving average is $104.06. Electronic Arts has a one year low of $73.74 and a one year high of $122.79. The company has a market cap of $36.73 billion, a price-to-earnings ratio of 31.85 and a beta of 0.68.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business had revenue of $775 million for the quarter, compared to analyst estimates of $768.47 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts predict that Electronic Arts will post $4.24 EPS for the current year.

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In related news, EVP Patrick Soderlund sold 50,000 shares of Electronic Arts stock in a transaction on Friday, June 16th. The shares were sold at an average price of $111.32, for a total value of $5,566,000.00. Following the completion of the sale, the executive vice president now owns 139,507 shares of the company’s stock, valued at approximately $15,529,919.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $107.90, for a total transaction of $1,079,000.00. Following the completion of the sale, the chief financial officer now directly owns 229,614 shares of the company’s stock, valued at approximately $24,775,350.60. The disclosure for this sale can be found here. Insiders have sold a total of 345,097 shares of company stock valued at $39,623,978 in the last three months. Company insiders own 2.55% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America lifted its stake in shares of Electronic Arts by 2.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock valued at $107,000 after purchasing an additional 34 shares during the last quarter. ProVise Management Group LLC lifted its stake in shares of Electronic Arts by 0.8% in the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock valued at $458,000 after purchasing an additional 36 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in shares of Electronic Arts by 0.9% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 4,943 shares of the game software company’s stock valued at $442,000 after purchasing an additional 45 shares during the last quarter. San Francisco Sentry Investment Group CA lifted its stake in shares of Electronic Arts by 1.4% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 4,962 shares of the game software company’s stock valued at $444,000 after purchasing an additional 67 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its stake in shares of Electronic Arts by 0.6% in the 2nd quarter. NEXT Financial Group Inc now owns 12,316 shares of the game software company’s stock valued at $1,302,000 after purchasing an additional 70 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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