Other research analysts also recently issued research reports about the stock. Jefferies Group reiterated a buy rating on shares of Electronic Arts in a research note on Monday, July 18th. Stifel Nicolaus reiterated a buy rating and issued a $80.00 target price on shares of Electronic Arts in a research note on Tuesday, July 12th. Benchmark Co. upped their target price on shares of Electronic Arts from $82.64 to $93.80 and gave the stock a buy rating in a research note on Monday, May 23rd. Vetr upgraded shares of Electronic Arts from a sell rating to a buy rating and set a $80.46 target price on the stock in a research note on Wednesday, June 22nd. Finally, MKM Partners upped their target price on shares of Electronic Arts from $87.00 to $88.00 and gave the stock a buy rating in a research note on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $87.09.
Electronic Arts (NASDAQ:EA) opened at 83.47 on Friday. The company has a 50-day moving average of $80.97 and a 200 day moving average of $73.37. Electronic Arts has a 12-month low of $53.01 and a 12-month high of $84.45. The company has a market capitalization of $25.10 billion, a P/E ratio of 23.51 and a beta of 0.72.
Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, August 2nd. The game software company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.09. The firm had revenue of $682 million for the quarter, compared to the consensus estimate of $652.64 million. Electronic Arts had a net margin of 25.85% and a return on equity of 24.97%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Equities research analysts forecast that Electronic Arts will post $3.63 earnings per share for the current fiscal year.
In other Electronic Arts news, EVP Peter R. Moore sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $83.81, for a total transaction of $838,100.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter R. Moore sold 30,798 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $71.70, for a total transaction of $2,208,216.60. Following the transaction, the executive vice president now directly owns 150,530 shares in the company, valued at approximately $10,793,001. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Archford Capital Strategies LLC increased its position in Electronic Arts by 1,407.3% in the second quarter. Archford Capital Strategies LLC now owns 1,447 shares of the game software company’s stock worth $110,000 after buying an additional 1,351 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Electronic Arts during the second quarter worth approximately $168,000. SSI Investment Management Inc. acquired a new position in Electronic Arts during the second quarter worth approximately $200,000. Stratos Wealth Partners LTD. acquired a new position in Electronic Arts during the second quarter worth approximately $202,000. Finally, First Republic Investment Management Inc. increased its position in Electronic Arts by 7.0% in the first quarter. First Republic Investment Management Inc. now owns 3,338 shares of the game software company’s stock worth $221,000 after buying an additional 217 shares during the period.
About Electronic Arts
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.
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