Electronic Arts Inc. (NASDAQ:EA) had its price objective reduced by Barclays PLC from $129.00 to $127.00 in a research note released on Wednesday morning. They currently have an overweight rating on the game software company’s stock.
Several other research firms have also weighed in on EA. Jefferies Group LLC reiterated a buy rating and set a $135.00 target price on shares of Electronic Arts in a research note on Thursday, August 31st. BidaskClub upgraded shares of Electronic Arts from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Benchmark Co. boosted their target price on shares of Electronic Arts from $136.00 to $142.00 and gave the company a buy rating in a research note on Wednesday, September 13th. Buckingham Research assumed coverage on shares of Electronic Arts in a research note on Wednesday, September 20th. They set a buy rating and a $143.00 target price for the company. Finally, Piper Jaffray Companies reiterated a buy rating and set a $130.00 target price on shares of Electronic Arts in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Electronic Arts presently has an average rating of Buy and an average target price of $123.38.
Shares of Electronic Arts (NASDAQ:EA) opened at $113.20 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.01 and a current ratio of 2.38. The company has a market cap of $34,948.01, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.86 and a beta of 0.65.
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In other Electronic Arts news, CEO Andrew Wilson sold 10,058 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $119.56, for a total transaction of $1,202,534.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The disclosure for this sale can be found here. Insiders sold a total of 190,596 shares of company stock valued at $22,661,081 over the last three months. 2.55% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. D. Scott Neal Inc. acquired a new position in shares of Electronic Arts in the 2nd quarter valued at about $120,000. Tower Research Capital LLC TRC increased its holdings 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 valued at $149,000 after purchasing an additional 1,063 shares during the period. Bessemer Group Inc. increased its holdings 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 valued at $157,000 after purchasing an additional 783 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Electronic Arts in the 3rd quarter valued at about $183,000. Finally, Captrust Financial Advisors acquired a new position in shares of Electronic Arts in the 2nd quarter valued at about $195,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.
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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