Electronic Arts Inc. (NASDAQ:EA) had its price objective boosted by Stifel Nicolaus from $87.00 to $88.00 in a research note issued to investors on Monday. Stifel Nicolaus currently has a buy rating on the game software company’s stock.
Other research analysts also recently issued research reports about the stock. Vetr upgraded shares of Electronic Arts from a hold rating to a buy rating and set a $90.20 target price on the stock in a research report on Monday, September 26th. Zacks Investment Research downgraded shares of Electronic Arts from a buy rating to a hold rating in a research report on Tuesday, October 4th. Morgan Stanley initiated coverage on shares of Electronic Arts in a research report on Friday, September 23rd. They set an overweight rating and a $101.00 target price on the stock. Oppenheimer Holdings Inc. boosted their target price on shares of Electronic Arts from $88.00 to $94.00 and gave the company an outperform rating in a research report on Friday. Finally, Macquarie reiterated an outperform rating and set a $80.00 target price on shares of Electronic Arts in a research report on Friday, July 22nd. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $89.02.
Electronic Arts (NASDAQ:EA) traded up 2.02% on Monday, reaching $83.98. 169,017 shares of the company were exchanged. The company’s 50-day moving average price is $83.12 and its 200-day moving average price is $75.88. Electronic Arts has a 12-month low of $53.01 and a 12-month high of $86.07. The stock has a market capitalization of $25.26 billion, a P/E ratio of 23.66 and a beta of 0.63.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, August 2nd. The game software company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.09. Electronic Arts had a net margin of 25.85% and a return on equity of 24.97%. The company had revenue of $682 million for the quarter, compared to analyst estimates of $652.64 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts anticipate that Electronic Arts will post $3.64 earnings per share for the current fiscal year.
In related news, CEO Andrew Wilson sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $76.47, for a total value of $611,760.00. Following the sale, the chief executive officer now directly owns 248,581 shares of the company’s stock, valued at $19,008,989.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter R. Moore sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $83.81, for a total transaction of $838,100.00. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in EA. Standard Life Investments LTD increased its stake in shares of Electronic Arts by 4.0% in the second quarter. Standard Life Investments LTD now owns 4,851,825 shares of the game software company’s stock worth $367,599,000 after buying an additional 186,449 shares in the last quarter. Artemis Investment Management LLP increased its position in Electronic Arts by 38.3% in the second quarter. Artemis Investment Management LLP now owns 276,148 shares of the game software company’s stock valued at $20,922,000 after buying an additional 76,479 shares during the period. Wellington Management Group LLP increased its position in Electronic Arts by 131.2% in the first quarter. Wellington Management Group LLP now owns 1,827,163 shares of the game software company’s stock valued at $120,793,000 after buying an additional 1,036,789 shares during the period. Candriam Luxembourg S.C.A. increased its position in Electronic Arts by 26.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 196,173 shares of the game software company’s stock valued at $14,863,000 after buying an additional 41,231 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Electronic Arts by 31.4% in the first quarter. Envestnet Asset Management Inc. now owns 72,436 shares of the game software company’s stock valued at $4,789,000 after buying an additional 17,292 shares during the period.
About Electronic Arts
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.
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