Electronic Arts Inc. (EA) Receives $119.71 Average PT from Analysts
Shares of Electronic Arts Inc. (NASDAQ:EA) have been assigned a consensus rating of “Buy” from the twenty-eight research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $121.32.
EA has been the topic of several research reports. Vetr raised Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Benchmark Co. lifted their price target on Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) started coverage on Electronic Arts in a research report on Friday, September 8th. They issued a “buy” rating and a $136.00 price target for the company. Finally, Cowen and Company reiterated a “hold” rating and issued a $106.00 price target on shares of Electronic Arts in a research report on Friday, September 8th.
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Electronic Arts (NASDAQ:EA) traded up 0.51% during trading on Friday, hitting $118.56. The stock had a trading volume of 1,642,436 shares. Electronic Arts has a 52-week low of $73.74 and a 52-week high of $122.79. The company has a 50-day moving average of $118.42 and a 200 day moving average of $108.15. The firm has a market cap of $36.60 billion, a P/E ratio of 31.74 and a beta of 0.69.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The firm had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $768.47 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Electronic Arts will post $4.24 earnings per share for the current fiscal year.
In related news, Director Lawrence F. Probst III sold 68,072 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $118.83, for a total value of $8,088,995.76. Following the completion of the transaction, the director now owns 176,348 shares of the company’s stock, valued at $20,955,432.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 10,058 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $117.00, for a total transaction of $1,176,786.00. The disclosure for this sale can be found here. Insiders sold 197,096 shares of company stock valued at $23,386,136 in the last quarter. 2.55% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of EA. Guardian Life Insurance Co. of America raised its stake in Electronic Arts by 2.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after buying an additional 34 shares in the last quarter. Invictus RG raised its stake in Electronic Arts by 722.0% in the first quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after buying an additional 1,148 shares in the last quarter. D. Scott Neal Inc. bought a new position in Electronic Arts in the second quarter worth approximately $120,000. Tower Research Capital LLC TRC raised its stake in Electronic Arts by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after buying an additional 1,063 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in Electronic Arts in the second quarter worth approximately $195,000. 93.84% of the stock is owned by institutional investors.
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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