Electronic Arts (EA) Rating Increased to Hold at Vetr

Electronic Arts (NASDAQ:EA) was upgraded by investment analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $117.32 price objective on the game software company’s stock. Vetr‘s target price would suggest a potential downside of 2.75% from the stock’s current price.

Other analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. KeyCorp upped their price target on shares of Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Benchmark upped their price target on shares of Electronic Arts from $136.00 to $141.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Morgan Stanley upped their target price on shares of Electronic Arts from $120.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, Barclays upped their target price on shares of Electronic Arts from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $130.34.

Shares of Electronic Arts (EA) opened at $120.64 on Thursday. The company has a market cap of $37,003.66, a P/E ratio of 37.70, a P/E/G ratio of 2.19 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.38 and a current ratio of 1.92. Electronic Arts has a 52 week low of $81.49 and a 52 week high of $131.01.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.03. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. research analysts predict that Electronic Arts will post 3.66 earnings per share for the current fiscal year.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $118.90, for a total value of $1,248,450.00. Following the transaction, the chief financial officer now owns 148,971 shares of the company’s stock, valued at approximately $17,712,651.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $108.28, for a total transaction of $108,280.00. Following the completion of the sale, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The disclosure for this sale can be found here. Insiders sold a total of 67,158 shares of company stock worth $7,546,309 in the last three months. Insiders own 2.55% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. First Republic Investment Management Inc. boosted its stake in shares of Electronic Arts by 175.9% in the 4th quarter. First Republic Investment Management Inc. now owns 16,922 shares of the game software company’s stock valued at $1,778,000 after purchasing an additional 10,789 shares in the last quarter. Dragon Financial & Investment Group LLC purchased a new stake in shares of Electronic Arts in the 4th quarter valued at $381,000. Timber Hill LLC purchased a new stake in shares of Electronic Arts in the 4th quarter valued at $1,557,000. Baird Financial Group Inc. boosted its stake in shares of Electronic Arts by 99.5% in the 4th quarter. Baird Financial Group Inc. now owns 22,531 shares of the game software company’s stock valued at $2,367,000 after purchasing an additional 11,239 shares in the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of Electronic Arts by 7.1% in the 4th quarter. Norinchukin Bank The now owns 24,618 shares of the game software company’s stock valued at $2,586,000 after purchasing an additional 1,639 shares in the last quarter. 92.63% of the stock is owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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