Electronic Arts Inc. (EA) Receives $122.85 Average Price Target from Analysts
Electronic Arts Inc. (NASDAQ:EA) has earned a consensus recommendation of “Buy” from the twenty-nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, twenty-three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $122.85.
EA has been the subject of a number of research analyst reports. BidaskClub raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and set a $135.00 target price on shares of Electronic Arts in a report on Thursday, August 31st. Benchmark Co. upped their target price on Electronic Arts from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Buckingham Research began coverage on Electronic Arts in a research note on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price objective on the stock. Finally, Wedbush set a $136.00 price objective on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, November 1st.
In related news, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $108.28, for a total value of $108,280.00. Following the sale, the senior vice president now owns 19,950 shares in the company, valued at $2,160,186. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence F. Probst III sold 55,850 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the completion of the sale, the director now owns 171,123 shares in the company, valued at approximately $20,736,685.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,524 shares of company stock worth $14,647,265. Corporate insiders own 2.55% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. raised its position in Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after acquiring an additional 783 shares during the period. Tower Research Capital LLC TRC raised its position 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 acquiring an additional 1,063 shares during the period. Dupont Capital Management Corp bought a new position in Electronic Arts in the third quarter worth approximately $183,000. GHP Investment Advisors Inc. bought a new position in Electronic Arts in the third quarter worth approximately $202,000. Finally, Texas Yale Capital Corp. bought a new position in Electronic Arts in the third quarter worth approximately $205,000. Institutional investors own 93.59% of the company’s stock.
Electronic Arts (EA) traded up $0.62 during mid-day trading on Monday, hitting $107.94. The stock had a trading volume of 1,310,000 shares, compared to its average volume of 3,650,000. The company has a market capitalization of $33,520.00, a P/E ratio of 27.59, a P/E/G ratio of 1.76 and a beta of 0.65. Electronic Arts has a 12 month low of $73.74 and a 12 month high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23.
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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