Equities researchers at Sanford C. Bernstein started coverage on shares of Electronic Arts (NASDAQ:EA) in a research note issued to investors on Thursday, January 18th, MarketBeat.com reports. The firm set an “outperform” rating and a $139.00 price target on the game software company’s stock. Sanford C. Bernstein’s price objective points to a potential upside of 15.22% from the stock’s previous close.
EA has been the subject of a number of other research reports. Morgan Stanley restated an “overweight” rating and set a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Barclays initiated coverage on shares of Electronic Arts in a report on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price objective for the company. Vetr upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating and set a $104.10 price objective for the company in a report on Thursday, January 4th. Buckingham Research started coverage on shares of Electronic Arts in a research note on Wednesday, September 20th. They issued a “buy” rating and a $143.00 target price for the company. Finally, Oppenheimer reiterated a “buy” rating and issued a $130.00 target price on shares of Electronic Arts in a research note on Wednesday, January 17th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.34.
Shares of Electronic Arts (NASDAQ:EA) traded up $4.10 during midday trading on Thursday, reaching $120.64. 5,945,100 shares of the company traded hands, compared to its average volume of 4,794,864. The company has a market capitalization of $37,003.66, a price-to-earnings ratio of 38.68, a PEG ratio of 2.19 and a beta of 0.73. Electronic Arts has a fifty-two week low of $85.22 and a fifty-two week high of $131.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92.
Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.02 billion. equities analysts anticipate that Electronic Arts will post 3.66 EPS for the current year.
In other news, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $108.28, for a total value of $108,280.00. Following the sale, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 169,614 shares in the company, valued at $17,007,195.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,158 shares of company stock worth $7,546,309. 2.55% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp bought a new position in Electronic Arts in the 2nd quarter worth about $224,000. Thrivent Financial For Lutherans lifted its stake in Electronic Arts by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock valued at $1,236,000 after acquiring an additional 390 shares during the period. Mutual of America Capital Management LLC lifted its stake in Electronic Arts by 5.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 37,852 shares of the game software company’s stock valued at $4,002,000 after acquiring an additional 1,863 shares during the period. Rafferty Asset Management LLC lifted its stake in Electronic Arts by 34.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 17,311 shares of the game software company’s stock valued at $1,830,000 after acquiring an additional 4,477 shares during the period. Finally, Pinebridge Investments L.P. bought a new position in Electronic Arts during the 2nd quarter valued at about $302,000. 92.41% of the stock is currently 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.
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