Equities researchers at BTIG Research started coverage on shares of Electronic Arts (NASDAQ:EA) in a report released on Monday. The brokerage set a “neutral” rating on the game software company’s stock.
A number of other research firms have also commented on EA. 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 note on Monday. Cowen restated a “hold” rating and issued a $106.00 price objective on shares of Electronic Arts in a research note on Friday, September 8th. Morgan Stanley restated an “overweight” rating and issued a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a research note on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research note on Friday, October 13th. Finally, Robert W. Baird restated a “buy” rating and issued a $130.00 price objective on shares of Electronic Arts in a research note on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $123.26.
Shares of Electronic Arts (NASDAQ:EA) opened at $109.28 on Monday. Electronic Arts has a 1 year low of $77.94 and a 1 year high of $122.79. The firm has a market cap of $33,650.04, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.80 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.
A number of hedge funds have recently added to or reduced their stakes in EA. Parametric Portfolio Associates LLC lifted its stake in shares of Electronic Arts by 5.3% during the third quarter. Parametric Portfolio Associates LLC now owns 1,040,924 shares of the game software company’s stock valued at $122,891,000 after buying an additional 52,313 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Electronic Arts by 7.9% during the third quarter. Public Employees Retirement System of Ohio now owns 310,233 shares of the game software company’s stock valued at $36,626,000 after buying an additional 22,816 shares during the period. Coastline Trust Co lifted its stake in shares of Electronic Arts by 11.2% during the third quarter. Coastline Trust Co now owns 23,230 shares of the game software company’s stock valued at $2,743,000 after buying an additional 2,345 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of Electronic Arts during the third quarter valued at approximately $1,018,000. Finally, Independent Advisor Alliance lifted its stake in shares of Electronic Arts by 11.0% during the third quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock valued at $542,000 after buying an additional 452 shares during the period. 93.78% of the stock is currently owned by hedge funds and other institutional investors.
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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.
