Vetr cut shares of Electronic Arts (NASDAQ:EA) from a strong-buy rating to a buy rating in a report released on Monday morning. The firm currently has $121.82 price objective on the game software company’s stock.

EA has been the topic of several other research reports. Goldman Sachs Group lowered Electronic Arts from a conviction-buy rating to a buy rating in a research report on Tuesday, December 12th. BMO Capital Markets reduced their target price on Electronic Arts from $100.00 to $97.00 and set a market perform rating for the company in a research note on Thursday, November 2nd. Jefferies Group reaffirmed a buy rating and set a $135.00 target price on shares of Electronic Arts in a research note on Thursday, August 31st. Piper Jaffray Companies reaffirmed a buy rating and set a $128.00 target price on shares of Electronic Arts in a research note on Thursday, October 12th. Finally, KeyCorp reaffirmed a buy rating and set a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Six investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $123.26.

Shares of Electronic Arts (NASDAQ:EA) opened at $108.45 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. Electronic Arts has a 52-week low of $77.94 and a 52-week high of $122.79. The company has a market capitalization of $33,480.00, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.76 and a beta of 0.61.

In related news, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total value of $1,002,700.00. Following the completion of the transaction, the chief financial officer now directly owns 169,614 shares of the company’s stock, valued at approximately $17,007,195.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $113.60, for a total value of $113,600.00. Following the completion of the transaction, the senior vice president now directly owns 20,950 shares of the company’s stock, valued at $2,379,920. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,874 shares of company stock valued at $7,451,521. 2.55% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Bessemer Group Inc. increased its stake in shares of Electronic Arts by 144.5% in the 3rd 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 last quarter. Tower Research Capital LLC TRC increased its stake in shares of Electronic Arts by 310.8% in the 2nd 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 last quarter. Dupont Capital Management Corp acquired a new stake in shares of Electronic Arts in the 3rd quarter worth $183,000. GHP Investment Advisors Inc. acquired a new stake in shares of Electronic Arts in the 3rd quarter worth $202,000. Finally, Texas Yale Capital Corp. acquired a new stake in shares of Electronic Arts in the 3rd quarter worth $205,000. 93.51% of the stock is owned by hedge funds and other institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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