Electronic Arts Inc. (NASDAQ:EA) received a $143.00 price objective from analysts at Buckingham Research in a research report issued on Sunday. The brokerage presently has a “buy” rating on the game software company’s stock. Buckingham Research’s price objective suggests a potential upside of 31.41% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. KeyCorp reiterated a “buy” rating on shares of Electronic Arts in a research report on Sunday, July 30th. Cowen and Company reissued 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. Robert W. Baird reissued an “outperform” rating and set a $130.00 price objective (up from $115.00) on shares of Electronic Arts in a research note on Sunday, July 30th. BidaskClub raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $123.38.

Shares of Electronic Arts (EA) opened at $108.82 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $33,508.45, a PE ratio of 27.97, a P/E/G ratio of 1.78 and a beta of 0.65. Electronic Arts has a 12-month low of $73.74 and a 12-month high of $122.79.

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In other news, Director Lawrence F. Probst III sold 55,850 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total value of $6,767,903.00. Following the sale, the director now owns 171,123 shares in the company, valued at approximately $20,736,685.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total transaction of $120,770.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,524 shares of company stock worth $14,538,985. Company insiders own 2.55% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. FMR LLC grew its position in shares of Electronic Arts by 0.7% during the 2nd quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after buying an additional 205,768 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 last quarter. Northern Trust Corp grew its position 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 last quarter. American Century Companies Inc. grew its position in Electronic Arts by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock worth $320,191,000 after purchasing an additional 196,228 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Electronic Arts by 928.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after purchasing an additional 2,334,600 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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