Electronic Arts Inc. (NASDAQ:EA) has been assigned a consensus rating of “Buy” from the thirty research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, twenty-two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $144.68.

A number of research firms have recently weighed in on EA. Credit Suisse Group increased their price target on Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. MKM Partners cut their price target on Electronic Arts to $157.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. UBS Group cut their price target on Electronic Arts from $176.00 to $166.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Benchmark cut their price target on Electronic Arts from $164.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Finally, Barclays set a $132.00 price target on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, September 5th.

NASDAQ:EA traded up $2.28 during trading hours on Thursday, hitting $108.16. 166,110 shares of the stock were exchanged, compared to its average volume of 3,738,708. Electronic Arts has a twelve month low of $99.63 and a twelve month high of $151.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.84 and a current ratio of 3.84. The company has a market cap of $36.73 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.07 and a beta of 0.58.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Thursday, July 26th. The game software company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.19. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The firm had revenue of $749.00 million for the quarter, compared to the consensus estimate of $742.86 million. During the same quarter in the prior year, the business earned $2.06 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts predict that Electronic Arts will post 3.89 EPS for the current fiscal year.

In other Electronic Arts news, Director Lawrence F. Probst III sold 2,500 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total transaction of $278,350.00. Following the completion of the transaction, the director now owns 112,338 shares in the company, valued at approximately $12,507,712.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $148.19, for a total value of $148,190.00. Following the transaction, the general counsel now owns 19,930 shares of the company’s stock, valued at approximately $2,953,426.70. The disclosure for this sale can be found here. Insiders have sold a total of 128,750 shares of company stock worth $15,429,740 in the last ninety days. 2.24% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Egerton Capital UK LLP grew its holdings in shares of Electronic Arts by 79.8% in the 2nd quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock valued at $569,963,000 after acquiring an additional 1,794,024 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Electronic Arts by 722.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,412,346 shares of the game software company’s stock valued at $171,233,000 after acquiring an additional 1,240,724 shares in the last quarter. NN Investment Partners Holdings N.V. grew its holdings in shares of Electronic Arts by 1,315.5% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,187,935 shares of the game software company’s stock valued at $167,521,000 after acquiring an additional 1,104,012 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Electronic Arts by 46.7% in the 1st quarter. Brown Advisory Inc. now owns 3,076,162 shares of the game software company’s stock valued at $373,023,000 after acquiring an additional 979,229 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Electronic Arts by 3,732.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 951,463 shares of the game software company’s stock valued at $4,094,000 after acquiring an additional 926,639 shares in the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.

Electronic Arts Company Profile

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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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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