Electronic Arts Inc. (NASDAQ:EA) has been given an average recommendation of “Buy” by the thirty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $134.00.
EA has been the topic of several research reports. Wedbush reiterated a “buy” rating on shares of Electronic Arts in a research report on Tuesday, January 2nd. Vetr cut Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $112.73 price objective for the company. in a report on Monday, January 1st. Goldman Sachs cut Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. SunTrust Banks set a $130.00 price objective on Electronic Arts and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Oppenheimer reissued a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a report on Wednesday, January 17th.
Shares of NASDAQ:EA traded up $1.91 on Friday, hitting $121.24. The stock had a trading volume of 2,809,703 shares, compared to its average volume of 2,860,137. Electronic Arts has a twelve month low of $87.94 and a twelve month high of $131.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $37,187.70, a PE ratio of 40.96, a P/E/G ratio of 2.21 and a beta of 0.76.
In other news, SVP Vijayanthimala Singh sold 200 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $126.75, for a total value of $25,350.00. Following the completion of the sale, the senior vice president now owns 4,528 shares of the company’s stock, valued at approximately $573,924. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $125.77, for a total value of $125,770.00. Following the completion of the sale, the senior vice president now directly owns 15,692 shares of the company’s stock, valued at approximately $1,973,582.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,079 shares of company stock valued at $9,806,818. Insiders own 2.55% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its position in shares of Electronic Arts by 0.4% in the third quarter. New York State Common Retirement Fund now owns 844,494 shares of the game software company’s stock worth $99,701,000 after purchasing an additional 3,423 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Electronic Arts by 25.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,999 shares of the game software company’s stock valued at $708,000 after buying an additional 1,206 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in Electronic Arts by 25.6% in the third quarter. Commonwealth Equity Services Inc now owns 4,632 shares of the game software company’s stock valued at $546,000 after buying an additional 945 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Electronic Arts by 29.2% in the third quarter. Oppenheimer & Co. Inc. now owns 5,416 shares of the game software company’s stock valued at $639,000 after buying an additional 1,223 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake in Electronic Arts by 5.0% in the third quarter. TD Asset Management Inc. now owns 572,856 shares of the game software company’s stock valued at $67,631,000 after buying an additional 27,216 shares in the last quarter. 95.45% of the stock is owned by 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.
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