Electronic Arts Inc. (EA) Given Average Recommendation of “Buy” by Brokerages

Electronic Arts Inc. (NASDAQ:EA) has earned a consensus rating of “Buy” from the thirty-one brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $131.18.

Several research analysts have recently issued reports on the stock. Goldman Sachs Group downgraded shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 12th. BMO Capital Markets lowered their price target on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $128.00 price target on shares of Electronic Arts in a report on Thursday, October 12th. KeyCorp reiterated a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a report on Sunday, November 19th. Finally, Buckingham Research set a $143.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a report on Sunday, November 19th.

Shares of Electronic Arts (NASDAQ:EA) traded down $4.09 on Friday, reaching $118.96. 4,051,608 shares of the company’s stock traded hands, compared to its average volume of 4,799,562. Electronic Arts has a 1-year low of $81.49 and a 1-year high of $131.01. The firm has a market capitalization of $37,767.42, a P/E ratio of 37.43, a P/E/G ratio of 2.24 and a beta of 0.73. The company has a current ratio of 1.92, a quick ratio of 2.38 and a debt-to-equity ratio of 0.24.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. equities analysts expect that Electronic Arts will post 3.66 earnings per share for the current year.

In other Electronic Arts news, SVP Vijayanthimala Singh sold 200 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $126.75, for a total transaction of $25,350.00. Following the sale, the senior vice president now owns 4,528 shares of the company’s stock, valued at $573,924. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $108.28, for a total transaction of $108,280.00. Following the sale, the senior vice president now directly owns 19,950 shares in the company, valued at approximately $2,160,186. The disclosure for this sale can be found here. In the last three months, insiders sold 56,658 shares of company stock worth $6,297,859. 2.55% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. boosted its position in shares of Electronic Arts by 2.5% during the 4th quarter. Sei Investments Co. now owns 486,110 shares of the game software company’s stock worth $51,073,000 after purchasing an additional 11,770 shares in the last quarter. Egerton Capital UK LLP bought a new position in shares of Electronic Arts during the 4th quarter worth about $184,412,000. New Mexico Educational Retirement Board boosted its position in shares of Electronic Arts by 2.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 29,663 shares of the game software company’s stock worth $3,116,000 after purchasing an additional 800 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of Electronic Arts by 161.6% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,542,907 shares of the game software company’s stock worth $162,097,000 after purchasing an additional 953,148 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Electronic Arts by 72.1% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 79,760 shares of the game software company’s stock worth $8,380,000 after purchasing an additional 33,425 shares in the last quarter. 92.63% of the stock is currently 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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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