Shares of Electronic Arts Inc. (NASDAQ:EA) have been given a consensus recommendation of “Buy” by the twenty-nine ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $122.85.

A number of analysts have recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research note on Thursday, August 31st. BidaskClub raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Benchmark Co. increased their price objective on Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Buckingham Research assumed coverage on Electronic Arts in a research note on Wednesday, September 20th. They set a “buy” rating and a $143.00 price objective for the company. Finally, Wedbush set a $136.00 price objective on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, November 1st.

In related news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence F. Probst III sold 55,850 shares of Electronic Arts stock in a transaction dated 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 completion of the sale, the director now owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The disclosure for this sale can be found here. Insiders have sold 122,524 shares of company stock valued at $14,538,985 over the last 90 days. Corporate insiders own 2.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in Electronic Arts by 310.8% in 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. Bessemer Group Inc. lifted its position in shares of Electronic Arts by 144.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after buying an additional 783 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Electronic Arts during the 3rd quarter valued at approximately $183,000. Captrust Financial Advisors bought a new stake in Electronic Arts during the 2nd quarter valued at approximately $195,000. Finally, GHP Investment Advisors Inc. bought a new stake in Electronic Arts during the 3rd quarter valued at approximately $202,000. Institutional investors own 93.59% of the company’s stock.

Shares of Electronic Arts (NASDAQ EA) traded down $2.78 on Monday, reaching $108.82. The company’s stock had a trading volume of 8,556,300 shares, compared to its average volume of 2,877,912. The stock has a market capitalization of $33,508.45, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.78 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. Electronic Arts has a 1-year low of $73.74 and a 1-year high of $122.79.

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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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