Electronic Arts (NASDAQ:EA) had its price objective boosted by equities research analysts at Robert W. Baird from $130.00 to $148.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the game software company’s stock. Robert W. Baird’s price target points to a potential upside of 16.57% from the company’s current price.
Several other analysts have also commented on the stock. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Friday, November 17th. Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Vetr lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective on the stock. in a research report on Wednesday, November 29th. Finally, Barclays reduced their target price 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $127.21.
Shares of Electronic Arts (NASDAQ EA) traded up $8.26 during mid-day trading on Wednesday, reaching $126.96. 14,618,498 shares of the company’s stock traded hands, compared to its average volume of 3,780,000. The company has a market capitalization of $39,200.00, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 1.94 and a beta of 0.61. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts has a twelve month low of $80.40 and a twelve month high of $131.01.
In other Electronic Arts news, CEO Andrew Wilson sold 10,058 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $105.76, for a total value of $1,063,734.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 169,614 shares of the company’s stock, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,958 shares of company stock valued at $6,044,744. 2.55% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in EA. Assenagon Asset Management S.A. bought a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $148,789,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Electronic Arts by 145.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock worth $127,793,000 after acquiring an additional 715,862 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Electronic Arts by 65.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after acquiring an additional 561,322 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Electronic Arts by 49.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock worth $185,358,000 after acquiring an additional 520,560 shares during the last quarter. Finally, Myriad Asset Management Ltd. bought a new stake in shares of Electronic Arts in the 3rd quarter worth approximately $41,321,000. 93.15% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking and Market News and is the property of of American Banking and Market News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/31/electronic-arts-ea-price-target-raised-to-148-00.html.
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.
