Electronic Arts (NASDAQ:EA) was upgraded by Vetr from a “sell” rating to a “hold” rating in a research note issued on Thursday. The brokerage currently has a $104.10 target price on the game software company’s stock. Vetr‘s price target suggests a potential downside of 2.88% from the stock’s previous close.

Several other equities research analysts have also weighed in on EA. Cowen restated a “hold” rating and issued a $106.00 target price on shares of Electronic Arts in a report on Friday, September 8th. Goldman Sachs Group started coverage on Electronic Arts in a report on Friday, September 8th. They issued a “buy” rating and a $136.00 target price for the company. BidaskClub lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 12th. Benchmark boosted their target price on Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Finally, Buckingham Research started coverage on Electronic Arts in a report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $122.53.

Electronic Arts (NASDAQ EA) traded down $2.56 on Thursday, reaching $107.19. The company had a trading volume of 3,657,235 shares, compared to its average volume of 3,650,000. Electronic Arts has a 12-month low of $77.94 and a 12-month high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The firm has a market cap of $33,090.00, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.80 and a beta of 0.61.

In other news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $113.60, for a total transaction of $113,600.00. Following the sale, the senior vice president now directly owns 20,950 shares in the company, valued at $2,379,920. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $108.69, for a total value of $978,210.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,016 shares of company stock valued at $6,172,470. Corporate insiders own 2.55% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EA. Renaissance Technologies LLC grew its position in Electronic Arts by 928.4% in the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after acquiring an additional 2,334,600 shares during the period. Assenagon Asset Management S.A. bought a new stake in Electronic Arts in the third quarter valued at $148,789,000. Arrowstreet Capital Limited Partnership grew its position in Electronic Arts by 145.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock valued at $127,793,000 after acquiring an additional 715,862 shares during the period. Janus Henderson Group PLC grew its position in Electronic Arts by 65.0% in the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock valued at $150,688,000 after acquiring an additional 561,322 shares during the period. Finally, Point72 Asset Management L.P. grew its position in Electronic Arts by 49.6% in the third quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock valued at $185,358,000 after acquiring an additional 520,560 shares during the period. Institutional investors and hedge funds own 93.51% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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