Electronic Arts (NASDAQ:EA) had its price target lifted by investment analysts at BMO Capital Markets to $150.00 in a report issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the game software company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 20.45% from the stock’s previous close.
Several other brokerages have also commented on EA. KeyCorp reissued an “overweight” rating and set a $152.00 price objective (up previously from $134.00) on shares of Electronic Arts in a report on Wednesday. Vetr lowered Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective for the company. in a report on Monday, December 18th. Buckingham Research set a $143.00 price objective on Electronic Arts and gave the stock a “buy” rating in a report on Sunday, November 19th. Zacks Investment Research lowered Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $130.34.
Electronic Arts (EA) traded down $3.65 during mid-day trading on Friday, reaching $124.53. The company’s stock had a trading volume of 6,441,502 shares, compared to its average volume of 4,881,172. The company has a quick ratio of 2.38, a current ratio of 1.92 and a debt-to-equity ratio of 0.24. The stock has a market cap of $38,870.00, a price-to-earnings ratio of 39.40, a PEG ratio of 2.33 and a beta of 0.73. Electronic Arts has a 1-year low of $80.40 and a 1-year high of $131.01.
In related news, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $116.32, for a total transaction of $116,320.00. Following the completion of 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 filing with the SEC, which is available through this hyperlink. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total value of $1,002,700.00. Following the transaction, the chief financial officer now 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 90 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.
Institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in shares of Electronic Arts during the fourth quarter valued at approximately $129,000. First Bank & Trust purchased a new stake in Electronic Arts in the fourth quarter worth $134,000. Exane Derivatives purchased a new stake in Electronic Arts in the fourth quarter worth $142,000. Tower Research Capital LLC TRC grew its stake in 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 purchasing an additional 1,063 shares during the period. Finally, Bessemer Group Inc. grew its stake in 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 purchasing an additional 783 shares during the period. Institutional investors own 93.15% 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.
