Electronic Arts (NASDAQ:EA) had its target price upped by analysts at Benchmark from $136.00 to $141.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the game software company’s stock. Benchmark’s target price would suggest a potential upside of 18.79% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the stock. Buckingham Research increased their price target on shares of Electronic Arts from $143.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating and issued a $150.00 price target (up from $139.00) on shares of Electronic Arts in a report on Wednesday. Credit Suisse Group reissued an “outperform” rating and issued a $143.00 price target (up from $131.00) on shares of Electronic Arts in a report on Wednesday. KeyCorp reissued an “overweight” rating and issued a $152.00 price target (up from $134.00) on shares of Electronic Arts in a report on Wednesday. Finally, Needham & Company LLC increased their price target on shares of Electronic Arts from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and an average target price of $125.75.
Shares of Electronic Arts (NASDAQ:EA) opened at $118.70 on Wednesday. Electronic Arts has a fifty-two week low of $80.40 and a fifty-two week high of $122.79. The stock has a market cap of $36,227.43, a PE ratio of 31.24, a PEG ratio of 1.94 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.
In other news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $116.32, for a total value of $116,320.00. Following the transaction, the senior vice president now owns 17,950 shares in the company, valued at $2,087,944. 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 firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $111.94, for a total transaction of $1,119,400.00. Following the completion of the transaction, the chief financial officer now owns 182,814 shares in the company, valued at approximately $20,464,199.16. The disclosure for this sale can be found here. Insiders have sold 55,958 shares of company stock worth $6,044,744 over the last three months. Insiders own 2.55% of the company’s stock.
Several institutional investors have recently modified their holdings of EA. Bank of New York Mellon Corp boosted its holdings in Electronic Arts by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock valued at $496,317,000 after acquiring an additional 25,397 shares in the last quarter. American Century Companies Inc. boosted its holdings in Electronic Arts by 7.8% in the third quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after acquiring an additional 196,228 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Electronic Arts by 16.7% in the third quarter. Wells Fargo & Company MN now owns 1,886,592 shares of the game software company’s stock valued at $222,730,000 after acquiring an additional 269,834 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Electronic Arts by 2.9% in the third quarter. Nordea Investment Management AB now owns 1,618,094 shares of the game software company’s stock valued at $191,032,000 after acquiring an additional 45,446 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.
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About Electronic Arts
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.
