Vetr upgraded shares of Electronic Arts (NASDAQ:EA) from a sell rating to a hold rating in a research report report published on Thursday morning. Vetr currently has $117.32 target price on the game software company’s stock.

Several other equities analysts have also issued reports on EA. Piper Jaffray Companies reiterated a buy rating and set a $128.00 target price on shares of Electronic Arts in a report on Thursday, October 12th. Needham & Company LLC reiterated a buy rating and set a $130.00 target price on shares of Electronic Arts in a report on Friday, October 13th. Morgan Stanley restated an overweight rating and issued a $126.00 price objective (down from $128.00) on shares of Electronic Arts in a report on Wednesday, October 18th. BidaskClub lowered shares of Electronic Arts from a hold rating to a sell rating in a report on Saturday, October 21st. Finally, Wedbush set a $136.00 price objective on shares of Electronic Arts and gave the stock a buy rating in a report on Thursday, October 26th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $130.34.

Electronic Arts (NASDAQ EA) opened at $120.64 on Thursday. Electronic Arts has a 1-year low of $84.13 and a 1-year high of $131.01. The stock has a market cap of $37,240.00, a P/E ratio of 37.94, a PEG ratio of 2.19 and a beta of 0.73. The company has a current ratio of 1.92, a quick ratio of 2.38 and a debt-to-equity ratio of 0.24.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.02 billion. sell-side analysts predict that Electronic Arts will post 3.66 EPS for the current fiscal year.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $108.28, for a total transaction of $108,280.00. Following the completion of the sale, the senior vice president now directly owns 19,950 shares in the company, valued at approximately $2,160,186. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Vijayanthimala Singh sold 200 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $126.75, for a total transaction of $25,350.00. Following the sale, the senior vice president now owns 4,528 shares of the company’s stock, valued at $573,924. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,158 shares of company stock valued at $7,546,309. Company insiders own 2.55% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new stake in Electronic Arts during the 4th quarter valued at $129,000. First Bank & Trust bought a new stake in shares of Electronic Arts during the 4th quarter valued at $134,000. Bessemer Group Inc. grew its position in shares of Electronic Arts by 144.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after acquiring an additional 783 shares during the period. Exane Derivatives bought a new stake in shares of Electronic Arts during the 4th quarter valued at $142,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after acquiring an additional 1,063 shares during the period. Institutional investors and hedge funds own 92.63% of the company’s stock.

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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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