Electronic Arts Inc. (EA) Receives Average Recommendation of “Buy” from Analysts
Shares of Electronic Arts Inc. (NASDAQ:EA) have received an average rating of “Buy” from the twenty-nine ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, twenty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $144.90.
A number of research firms recently commented on EA. Wedbush reissued an “outperform” rating and issued a $158.00 price target on shares of Electronic Arts in a research report on Tuesday, July 31st. ValuEngine lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Stifel Nicolaus increased their price target on Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a research report on Monday, July 23rd. SunTrust Banks lowered their price target on Electronic Arts to $140.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Finally, Benchmark reissued a “buy” rating and issued a $164.00 price target on shares of Electronic Arts in a research report on Monday, June 18th.
Shares of NASDAQ:EA traded up $1.55 during trading on Friday, reaching $115.02. 7,421,700 shares of the stock were exchanged, compared to its average volume of 4,675,733. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.19. Electronic Arts has a 1-year low of $99.63 and a 1-year high of $151.26. The firm has a market capitalization of $35.06 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.97 and a beta of 0.55.
In other news, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $113.42, for a total transaction of $113,420.00. Following the completion of the transaction, the general counsel now owns 18,029 shares in the company, valued at approximately $2,044,849.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 18,000 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $142.35, for a total value of $2,562,300.00. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $2,847,000. The disclosure for this sale can be found here. Insiders sold a total of 121,250 shares of company stock valued at $15,423,980 in the last 90 days. Corporate insiders own 2.24% of the company’s stock.
Several hedge funds have recently bought and sold shares of EA. Carmignac Gestion bought a new position in shares of Electronic Arts during the 1st quarter worth $288,674,000. Egerton Capital UK LLP grew its stake in shares of Electronic Arts by 79.8% during the 2nd quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock worth $569,963,000 after acquiring an additional 1,794,024 shares during the period. BlackRock Inc. grew its stake in shares of Electronic Arts by 6.7% during the 1st quarter. BlackRock Inc. now owns 22,724,888 shares of the game software company’s stock worth $2,755,165,000 after acquiring an additional 1,427,595 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of Electronic Arts by 722.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,412,346 shares of the game software company’s stock worth $171,233,000 after acquiring an additional 1,240,724 shares during the period. Finally, NN Investment Partners Holdings N.V. grew its stake in shares of Electronic Arts by 1,315.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,187,935 shares of the game software company’s stock worth $167,521,000 after acquiring an additional 1,104,012 shares during the period. Institutional investors own 92.88% 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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