Electronic Arts (NASDAQ:EA) had its target price raised by research analysts at Barclays from $127.00 to $130.00 in a research note issued on Wednesday. The brokerage presently has an “overweight” rating on the game software company’s stock. Barclays’ price objective indicates a potential upside of 1.77% from the company’s previous close.
Several other analysts also recently weighed in on the company. Wedbush reiterated a “buy” rating and set a $138.00 price target on shares of Electronic Arts in a research note on Wednesday. Piper Jaffray Companies restated a “buy” rating and issued a $145.00 target price on shares of Electronic Arts in a research note on Wednesday. Morgan Stanley upped their target price on Electronic Arts from $120.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Jefferies Group restated a “buy” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Wednesday. Finally, Benchmark upped their target price on Electronic Arts from $136.00 to $141.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $126.57.
Electronic Arts (NASDAQ:EA) traded up $9.04 during trading on Wednesday, reaching $127.74. The company’s stock had a trading volume of 11,512,372 shares, compared to its average volume of 4,569,883. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The stock has a market cap of $40,060.00, a P/E ratio of 33.63, a PEG ratio of 1.94 and a beta of 0.61. Electronic Arts has a twelve month low of $80.40 and a twelve month high of $131.01.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,000 shares of the 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 owns 169,614 shares of the company’s stock, valued at $17,007,195.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the 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 directly owns 17,950 shares of the company’s stock, valued at approximately $2,087,944. The disclosure for this sale can be found here. Insiders have sold 55,958 shares of company stock valued at $6,044,744 in the last three months. Insiders own 2.55% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of 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 purchasing an additional 25,397 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 purchasing an additional 196,228 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of 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 purchasing an additional 269,834 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of 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 purchasing an additional 45,446 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of 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 purchasing an additional 520,560 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other 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.
