Electronic Arts (EA) Reaches New 1-Year Low at $79.50

Electronic Arts Inc. (NASDAQ:EA)’s share price reached a new 52-week low on Thursday . The company traded as low as $79.50 and last traded at $83.34, with a volume of 290875 shares. The stock had previously closed at $81.18.

A number of equities analysts recently weighed in on EA shares. Piper Jaffray Companies reduced their price target on Electronic Arts from $165.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday, August 30th. ValuEngine cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Bank of America cut Electronic Arts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $159.00 to $126.00 in a report on Friday, August 31st. They noted that the move was a valuation call. BMO Capital Markets reduced their price target on Electronic Arts from $162.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 31st. Finally, KeyCorp reduced their price target on Electronic Arts from $168.00 to $137.00 and set an “overweight” rating for the company in a report on Friday, August 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Electronic Arts currently has an average rating of “Buy” and a consensus price target of $134.68.

The firm has a market cap of $25.34 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.44 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.52 and a quick ratio of 3.52.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that Electronic Arts Inc. will post 3.87 earnings per share for the current fiscal year.

In related news, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $84.36, for a total value of $759,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $92.79, for a total value of $974,295.00. Following the completion of the sale, the chief financial officer now directly owns 104,391 shares of the company’s stock, valued at approximately $9,686,440.89. The disclosure for this sale can be found here. Insiders have sold 74,450 shares of company stock valued at $7,925,690 in the last three months. Insiders own 2.24% of the company’s stock.

Several large investors have recently bought and sold shares of EA. Massachusetts Financial Services Co. MA increased its holdings in shares of Electronic Arts by 31.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock valued at $1,168,422,000 after purchasing an additional 2,339,158 shares during the last quarter. Egerton Capital UK LLP increased its holdings in shares of Electronic Arts by 79.8% in the second quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock valued at $569,963,000 after purchasing an additional 1,794,024 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Electronic Arts by 3,732.8% in the second quarter. Advisors Asset Management Inc. now owns 951,463 shares of the game software company’s stock valued at $4,094,000 after purchasing an additional 926,639 shares during the last quarter. Capital Research Global Investors acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $91,323,000. Finally, Brown Advisory Inc. increased its holdings in shares of Electronic Arts by 25.4% in the third quarter. Brown Advisory Inc. now owns 3,666,061 shares of the game software company’s stock valued at $441,724,000 after purchasing an additional 742,742 shares during the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

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About Electronic Arts (NASDAQ:EA)

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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