Electronic Arts (EA) PT Set at $130.00 by SunTrust Banks
SunTrust Banks set a $130.00 price target on Electronic Arts (NASDAQ:EA) in a research report report published on Friday. The firm currently has a buy rating on the game software company’s stock. SunTrust Banks also issued estimates for Electronic Arts’ FY2018 earnings at $3.62 EPS.
EA has been the topic of several other research reports. Goldman Sachs Group lowered Electronic Arts from a conviction-buy rating to a buy rating in a research note on Tuesday, December 12th. BMO Capital Markets cut their target price on Electronic Arts from $100.00 to $97.00 and set a market perform rating on the stock in a research note on Thursday, November 2nd. Piper Jaffray Companies reiterated a buy rating and issued a $128.00 target price on shares of Electronic Arts in a research note on Thursday, October 12th. KeyCorp reiterated a buy rating and issued a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Finally, Buckingham Research set a $143.00 price target on Electronic Arts and gave the stock a buy rating in a research note on Sunday, November 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $122.26.
Electronic Arts (NASDAQ EA) traded up $1.13 on Friday, reaching $113.13. The company’s stock had a trading volume of 3,467,371 shares, compared to its average volume of 3,887,844. Electronic Arts has a 52 week low of $78.89 and a 52 week high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market capitalization of $34,930.00, a price-to-earnings ratio of 29.85, a PEG ratio of 1.86 and a beta of 0.61.
In other news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $113.60, for a total value of $113,600.00. Following the completion of the sale, the senior vice president now directly owns 20,950 shares in the company, valued at $2,379,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the completion of the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at $17,956,014.90. The disclosure for this sale can be found here. Insiders sold 67,516 shares of company stock valued at $7,357,395 over the last three months. 2.55% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of EA. Renaissance Technologies LLC increased its position in shares of Electronic Arts by 928.4% in the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after buying an additional 2,334,600 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Electronic Arts during the third quarter worth approximately $148,789,000. Arrowstreet Capital Limited Partnership increased its position in shares of Electronic Arts by 145.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock worth $127,793,000 after purchasing an additional 715,862 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Electronic Arts by 65.0% during the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after purchasing an additional 561,322 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Electronic Arts by 49.6% during the third quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock worth $185,358,000 after purchasing an additional 520,560 shares in the last quarter. Institutional investors and hedge funds own 93.53% of the company’s stock.
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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