Electronic Arts (EA) Stock Rating Upgraded by BMO Capital Markets
BMO Capital Markets upgraded shares of Electronic Arts (NASDAQ:EA) from a market perform rating to an outperform rating in a research note published on Monday morning, MarketBeat reports. BMO Capital Markets currently has $97.00 price objective on the game software company’s stock, down from their previous price objective of $112.39. The analysts noted that the move was a valuation call.
Several other equities analysts have also issued reports on the company. Vetr raised Electronic Arts from a sell rating to a hold rating and set a $104.10 price target for the company in a research report on Thursday, January 4th. Zacks Investment Research lowered Electronic Arts from a hold rating to a sell rating in a research report on Tuesday, January 2nd. Wedbush reaffirmed a buy rating on shares of Electronic Arts in a research report on Tuesday, January 2nd. Cowen reaffirmed a hold rating and issued a $104.00 price target on shares of Electronic Arts in a research report on Thursday, December 21st. Finally, BTIG Research began coverage on Electronic Arts in a research report on Monday, December 18th. They issued a neutral rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company. Electronic Arts currently has a consensus rating of Buy and a consensus target price of $122.37.
Shares of Electronic Arts (NASDAQ EA) traded down $1.04 during trading on Monday, reaching $112.18. The company’s stock had a trading volume of 4,111,726 shares, compared to its average volume of 3,730,000. 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 $34,630.00, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.85 and a beta of 0.61. Electronic Arts has a fifty-two week low of $77.94 and a fifty-two week high of $122.79.
In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,000 shares of the business’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 approximately $17,007,195.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Wilson sold 10,058 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total value of $1,144,700.98. The disclosure for this sale can be found here. Insiders sold a total of 57,016 shares of company stock valued at $6,172,470 over the last quarter. 2.55% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. grew its stake in shares of Electronic Arts by 4.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 103,220 shares of the game software company’s stock valued at $12,186,000 after purchasing an additional 4,254 shares during the period. Twin Capital Management Inc. grew its stake in shares of Electronic Arts by 16.9% during the 3rd quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock valued at $10,337,000 after purchasing an additional 12,640 shares during the period. Janus Henderson Group PLC grew its stake in shares of Electronic Arts by 65.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock valued at $150,688,000 after purchasing an additional 561,322 shares during the period. Moody Lynn & Lieberson LLC grew its stake in shares of Electronic Arts by 9.3% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 63,565 shares of the game software company’s stock valued at $7,504,000 after purchasing an additional 5,413 shares during the period. Finally, Swiss National Bank grew its stake in shares of Electronic Arts by 1.5% during the 3rd quarter. Swiss National Bank now owns 1,142,955 shares of the game software company’s stock valued at $134,937,000 after purchasing an additional 17,400 shares during the period. Institutional investors and hedge funds own 93.51% of the company’s stock.
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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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