Electronic Arts Inc. (NASDAQ:EA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $127.00 price target on the game software company’s stock. Stifel Nicolaus’ price target points to a potential upside of 5.75% from the company’s previous close.

Other equities analysts have also issued research reports about the company. BidaskClub upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. KeyCorp reiterated a “buy” rating on shares of Electronic Arts in a research note on Sunday, July 30th. Cowen and Company reiterated a “market perform” rating and set a $106.00 price objective (up from $90.00) on shares of Electronic Arts in a research note on Sunday, July 30th. Vetr upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 4th. Finally, Benchmark Co. boosted their price objective on Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Electronic Arts has a consensus rating of “Buy” and a consensus target price of $120.93.

Shares of Electronic Arts (NASDAQ EA) traded up 0.48% during mid-day trading on Friday, reaching $120.09. The company’s stock had a trading volume of 1,912,895 shares. The firm’s 50-day moving average price is $118.43 and its 200 day moving average price is $108.23. The firm has a market cap of $37.08 billion, a P/E ratio of 32.15 and a beta of 0.69. Electronic Arts has a 12-month low of $73.74 and a 12-month high of $122.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The business had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $768.47 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts expect that Electronic Arts will post $4.25 EPS for the current year.

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In related news, Director Lawrence F. Probst III sold 55,850 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total value of $6,767,903.00. Following the transaction, the director now owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence F. Probst III sold 68,072 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $118.83, for a total value of $8,088,995.76. Following the completion of the transaction, the director now directly owns 176,348 shares in the company, valued at approximately $20,955,432.84. The disclosure for this sale can be found here. Insiders have sold 197,096 shares of company stock worth $23,386,136 in the last ninety days. Corporate insiders own 2.55% of the company’s stock.

Large investors have recently bought and sold shares of the stock. D. Scott Neal Inc. purchased a new position in Electronic Arts in the second quarter valued at $120,000. Guardian Life Insurance Co. of America grew its holdings in shares of Electronic Arts by 2.9% during the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after purchasing an additional 34 shares during the last quarter. Invictus RG grew its holdings in shares of Electronic Arts by 722.0% during the first quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after purchasing an additional 1,148 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Electronic Arts during the second quarter worth about $195,000. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

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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