Electronic Arts’ (EA) “Hold” Rating Reiterated at Cowen

Cowen reissued their hold rating on shares of Electronic Arts (NASDAQ:EA) in a research note published on Thursday morning. They currently have a $104.00 price objective on the game software company’s stock.

A number of other equities analysts have also issued reports on the stock. Vetr lowered shares of Electronic Arts from a strong-buy rating to a buy rating and set a $121.82 target price for the company. in a research report on Monday, December 18th. Buckingham Research set a $143.00 price objective on shares of Electronic Arts and gave the company a buy rating in a research report on Sunday, November 19th. Zacks Investment Research lowered shares of Electronic Arts from a buy rating to a hold rating in a research report on Thursday, October 26th. Needham & Company LLC restated a buy rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Friday, October 13th. Finally, Morgan Stanley restated an overweight rating and set a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Electronic Arts has an average rating of Buy and a consensus price target of $123.19.

Shares of Electronic Arts (NASDAQ EA) opened at $106.02 on Thursday. Electronic Arts has a twelve month low of $77.94 and a twelve month high of $122.79. The stock has a market cap of $32,140.00, a P/E ratio of 27.97, a P/E/G ratio of 1.77 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.

In other news, CEO Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $118.04, for a total value of $1,187,246.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the completion of the sale, the chief financial officer now owns 169,614 shares in the company, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,874 shares of company stock worth $7,559,021. Corporate insiders own 2.55% of the company’s stock.

A number of hedge funds have recently modified their holdings of EA. FMR LLC lifted its holdings in shares of Electronic Arts by 0.7% during the second quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after acquiring an additional 205,768 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Electronic Arts by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock valued at $496,317,000 after acquiring an additional 25,397 shares during the period. Northern Trust Corp lifted its holdings in shares of Electronic Arts by 1.2% during the second quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock valued at $362,804,000 after acquiring an additional 40,722 shares during the period. American Century Companies Inc. lifted its holdings in shares of Electronic Arts by 7.8% during the third quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after acquiring an additional 196,228 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Electronic Arts by 928.4% during the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after acquiring an additional 2,334,600 shares during the period. 93.51% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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