Electronic Arts Inc. (NASDAQ:EA)‘s stock had its “buy” rating reissued by investment analysts at KeyCorp in a research note issued to investors on Sunday. They presently have a $134.00 price target on the game software company’s stock. KeyCorp’s price target indicates a potential upside of 24.49% from the company’s previous close.

EA has been the subject of a number of other reports. Buckingham Research set a $143.00 price objective on Electronic Arts and gave the stock a “buy” rating in a report on Sunday. BidaskClub upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a report on Friday, October 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $123.38.

Electronic Arts (NASDAQ:EA) traded down $1.18 during trading hours on Friday, reaching $107.64. The company’s stock had a trading volume of 5,974,977 shares, compared to its average volume of 2,891,738. Electronic Arts has a 1 year low of $73.74 and a 1 year high of $122.79. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $33,508.45, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.65.

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In other news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $113.60, for a total value of $113,600.00. Following the transaction, the senior vice president now directly owns 20,950 shares of the company’s stock, valued at approximately $2,379,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $111.94, for a total value of $1,119,400.00. Following the completion of the transaction, the chief financial officer now directly owns 182,814 shares in the company, valued at $20,464,199.16. The disclosure for this sale can be found here. Insiders have sold a total of 122,524 shares of company stock worth $14,538,985 over the last ninety days. Company insiders own 2.55% of the company’s stock.

Large investors have recently made changes to their positions in the company. FMR LLC increased its position in Electronic Arts by 0.7% in 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 in the last quarter. Vanguard Group Inc. increased its position in Electronic Arts by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 29,631,771 shares of the game software company’s stock valued at $2,652,637,000 after buying an additional 2,394,314 shares in the last quarter. BlackRock Inc. increased its position in Electronic Arts by 3,420.8% in the 1st quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock valued at $1,858,837,000 after buying an additional 20,174,721 shares in the last quarter. Jackson Square Partners LLC increased its position in Electronic Arts by 14.3% in the 1st quarter. Jackson Square Partners LLC now owns 12,098,912 shares of the game software company’s stock valued at $885,415,000 after buying an additional 1,509,427 shares in the last quarter. Finally, State Street Corp increased its position in Electronic Arts by 2.8% in the 1st quarter. State Street Corp now owns 11,886,458 shares of the game software company’s stock valued at $1,064,069,000 after buying an additional 318,704 shares in the last quarter. 93.59% of the stock is currently owned by 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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