Electronic Arts Inc. (NASDAQ:EA)‘s stock had its “buy” rating reiterated by investment analysts at Robert W. Baird in a research report issued on Wednesday. They presently have a $130.00 price target on the game software company’s stock. Robert W. Baird’s price target indicates a potential upside of 15.01% from the stock’s previous close.

A number of other analysts have also recently commented on EA. Vetr upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 target price on the stock in a research report on Tuesday, July 4th. Stifel Nicolaus reiterated a “buy” rating on shares of Electronic Arts in a research report on Monday, July 17th. Needham & Company LLC initiated coverage on Electronic Arts in a research report on Monday, July 17th. They set a “buy” rating and a $130.00 target price on the stock. BidaskClub upgraded Electronic Arts from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Bank of America Corporation upgraded Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 target price on the stock in a research report on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $123.38.

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In related news, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $115.25, for a total value of $1,152,500.00. Following the sale, the chief financial officer now owns 209,614 shares of the company’s stock, valued at approximately $24,158,013.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $119.56, for a total value of $1,202,534.48. The disclosure for this sale can be found here. Insiders have sold a total of 179,038 shares of company stock worth $21,345,710 in the last three months. Corporate insiders own 2.55% of the company’s stock.

A number of hedge funds have recently bought and sold shares of EA. Renaissance Technologies LLC lifted its stake in Electronic Arts by 928.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after buying an additional 2,334,600 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Electronic Arts in the 3rd quarter valued at approximately $148,789,000. Arrowstreet Capital Limited Partnership lifted its stake in Electronic Arts by 145.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock valued at $127,793,000 after buying an additional 715,862 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Electronic Arts by 65.0% in 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 acquiring an additional 561,322 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in Electronic Arts by 103.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,012,999 shares of the game software company’s stock valued at $107,094,000 after acquiring an additional 515,608 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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