Electronic Arts (EA) Stock Rating Upgraded by Vetr

Electronic Arts (NASDAQ:EA) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a report issued on Thursday. The brokerage presently has a $117.32 target price on the game software company’s stock. Vetr‘s price target points to a potential downside of 2.75% from the company’s current price.

A number of other analysts have also recently commented on the company. BMO Capital Markets lifted their price objective on Electronic Arts to $150.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Electronic Arts from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on Electronic Arts from $129.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. SunTrust Banks reiterated a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Cowen reiterated a “hold” rating on shares of Electronic Arts in a research report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.34.

Electronic Arts (NASDAQ EA) opened at $120.64 on Thursday. Electronic Arts has a 52-week low of $81.49 and a 52-week high of $131.01. The firm has a market capitalization of $35,746.08, a price-to-earnings ratio of 33.30, a PEG ratio of 2.12 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 2.38.

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

In other news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $108.28, for a total value of $108,280.00. Following the transaction, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vijayanthimala Singh sold 200 shares of Electronic Arts stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $126.75, for a total value of $25,350.00. Following the completion of the transaction, the senior vice president now directly owns 4,528 shares in the company, valued at $573,924. The disclosure for this sale can be found here. Insiders sold a total of 67,158 shares of company stock worth $7,546,309 over the last ninety days. Corporate insiders own 2.55% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. lifted its position in Electronic Arts by 175.9% during the 4th quarter. First Republic Investment Management Inc. now owns 16,922 shares of the game software company’s stock worth $1,778,000 after acquiring an additional 10,789 shares in the last quarter. Dragon Financial & Investment Group LLC acquired a new position in Electronic Arts during the 4th quarter worth approximately $381,000. Timber Hill LLC acquired a new position in Electronic Arts during the 4th quarter worth approximately $1,557,000. Baird Financial Group Inc. lifted its position in Electronic Arts by 99.5% during the 4th quarter. Baird Financial Group Inc. now owns 22,531 shares of the game software company’s stock worth $2,367,000 after acquiring an additional 11,239 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in Electronic Arts by 7.1% during the 4th quarter. Norinchukin Bank The now owns 24,618 shares of the game software company’s stock worth $2,586,000 after acquiring an additional 1,639 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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