Electronic Arts (NASDAQ:EA)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research report issued on Friday, MarketBeat Ratings reports. They presently have a $129.00 price target on the game software company’s stock, up from their prior price target of $128.00. Stifel Nicolaus’ price objective indicates a potential upside of 11.98% from the company’s current price.
Other analysts also recently issued reports about the stock. Piper Jaffray Companies restated a “buy” rating and set a $130.00 target price on shares of Electronic Arts in a report on Wednesday, November 1st. Wedbush set a $136.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a research note on Wednesday, November 1st. Barclays decreased their price target on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. Finally, Zacks Investment Research cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $123.35.
Shares of Electronic Arts (NASDAQ EA) traded up $0.70 during trading hours on Friday, hitting $115.20. 3,417,609 shares of the company were exchanged, compared to its average volume of 3,520,000. The firm has a market cap of $35,570.00, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts has a 1-year low of $80.40 and a 1-year high of $122.79.
In related news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the transaction, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the transaction, the chief financial officer now directly owns 159,114 shares in the company, valued at $17,956,014.90. The disclosure for this sale can be found here. Insiders have sold a total of 67,516 shares of company stock worth $7,360,115 in the last three months. 2.55% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial For Lutherans boosted its position in shares of Electronic Arts by 3.5% during the second quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock valued at $1,236,000 after purchasing an additional 390 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in Electronic Arts during the second quarter valued at $302,000. Suntrust Banks Inc. raised its stake in Electronic Arts by 2.5% during the second quarter. Suntrust Banks Inc. now owns 22,456 shares of the game software company’s stock valued at $2,373,000 after buying an additional 539 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Electronic Arts by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 741,503 shares of the game software company’s stock valued at $78,399,000 after buying an additional 3,238 shares during the last quarter. Finally, Veritable L.P. raised its stake in Electronic Arts by 1.5% during the second quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock valued at $787,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 93.55% 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.
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