Vetr cut shares of Electronic Arts (NASDAQ:EA) from a sell rating to a strong sell rating in a research report sent to investors on Monday morning. Vetr currently has $99.63 target price on the game software company’s stock.
Other analysts have also issued research reports about the stock. Buckingham Research initiated coverage on shares of Electronic Arts in a research report on Wednesday, September 20th. They issued a buy rating and a $143.00 target price on the stock. Benchmark raised their target price on shares of Electronic Arts from $136.00 to $142.00 and gave the company a buy rating in a research report on Wednesday, September 13th. BidaskClub lowered shares of Electronic Arts from a strong-buy rating to a buy rating in a research report on Tuesday, September 12th. Wedbush set a $136.00 target price on shares of Electronic Arts and gave the company a buy rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC restated a buy rating and issued a $130.00 target price on shares of Electronic Arts in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $122.37.
Shares of Electronic Arts (EA) traded down $1.04 during trading on Monday, reaching $112.18. 4,111,726 shares of the company’s stock were exchanged, compared to its average volume of 3,730,000. Electronic Arts has a 1 year low of $77.94 and a 1 year high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market capitalization of $34,630.00, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.85 and a beta of 0.61.
A number of hedge funds and other institutional investors have recently made changes to their positions in EA. Renaissance Technologies LLC raised its stake in 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 worth $273,399,000 after buying an additional 2,334,600 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Electronic Arts during the third quarter worth $148,789,000. Arrowstreet Capital Limited Partnership raised its stake in Electronic Arts by 145.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock worth $127,793,000 after buying an additional 715,862 shares during the last quarter. Janus Henderson Group PLC raised its stake in Electronic Arts by 65.0% during the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after buying an additional 561,322 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Electronic Arts by 49.6% during the third quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock worth $185,358,000 after buying an additional 520,560 shares during the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.
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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.
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