Sanford C. Bernstein assumed coverage on shares of Electronic Arts (NASDAQ:EA) in a research report issued on Thursday, Marketbeat reports. The firm set an “outperform” rating and a $139.00 price target on the game software company’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 19.64% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research report on Friday, October 13th. Morgan Stanley restated an “overweight” rating and issued a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Robert W. Baird restated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Cowen reiterated a “hold” rating and set a $104.00 price target on shares of Electronic Arts in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $122.85.
Electronic Arts (NASDAQ:EA) traded up $0.90 during mid-day trading on Thursday, hitting $116.18. 3,329,600 shares of the company’s stock were exchanged, compared to its average volume of 3,450,000. Electronic Arts has a 12-month low of $78.89 and a 12-month high of $122.79. The stock has a market capitalization of $35,870.00, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, October 31st. The game software company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. research analysts expect that Electronic Arts will post 3.69 EPS for the current fiscal year.
In related news, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at $17,956,014.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the sale, the chief financial officer now directly owns 169,614 shares in the company, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. Insiders have sold 66,516 shares of company stock worth $7,243,795 in the last three months. 2.55% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. First Bank & Trust bought a new position in shares of Electronic Arts in the fourth quarter worth approximately $134,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 buying an additional 1,063 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after buying an additional 783 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of Electronic Arts in the third quarter worth approximately $183,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Electronic Arts in the third quarter worth approximately $202,000. 93.53% of the stock is currently owned by institutional investors and hedge funds.
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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.