Electronic Arts (NASDAQ:EA) had its price objective increased by Stifel Nicolaus from $144.00 to $157.00 in a report released on Friday, June 15th. The brokerage currently has a “buy” rating on the game software company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 11.14% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Zacks Investment Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. Barclays reiterated a “buy” rating and set a $139.00 target price on shares of Electronic Arts in a research note on Wednesday, May 9th. SunTrust Banks set a $140.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, May 16th. Finally, Vetr downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating and set a $124.90 price objective for the company. in a research note on Thursday, March 8th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $144.91.
Shares of Electronic Arts opened at $141.26 on Friday, according to Marketbeat. The company has a market capitalization of $43.85 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 2.23 and a beta of 0.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.41 and a current ratio of 2.41. Electronic Arts has a 52-week low of $99.63 and a 52-week high of $147.13.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 8th. The game software company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. Electronic Arts had a return on equity of 28.51% and a net margin of 20.25%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. analysts predict that Electronic Arts will post 4.27 earnings per share for the current fiscal year.
In related news, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $143.61, for a total transaction of $143,610.00. Following the completion of the transaction, the general counsel now directly owns 20,930 shares of the company’s stock, valued at $3,005,757.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chris Bruzzo sold 1,500 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $118.81, for a total transaction of $178,215.00. Following the completion of the transaction, the executive vice president now directly owns 33,675 shares of the company’s stock, valued at $4,000,926.75. The disclosure for this sale can be found here. Insiders have sold 179,142 shares of company stock valued at $23,071,046 over the last three months. 2.55% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Covington Capital Management increased its holdings in Electronic Arts by 7.5% in the first quarter. Covington Capital Management now owns 12,195 shares of the game software company’s stock valued at $1,479,000 after buying an additional 851 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $6,284,000. Profund Advisors LLC grew its position in shares of Electronic Arts by 3.1% in the first quarter. Profund Advisors LLC now owns 25,121 shares of the game software company’s stock valued at $3,046,000 after purchasing an additional 759 shares during the last quarter. Global X Management Co. LLC grew its position in shares of Electronic Arts by 26.4% in the fourth quarter. Global X Management Co. LLC now owns 3,770 shares of the game software company’s stock valued at $396,000 after purchasing an additional 788 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Electronic Arts in the first quarter valued at approximately $470,000. 92.59% of the stock is owned by institutional investors.
About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.