Electronic Arts Inc. (EA) Given Consensus Rating of “Buy” by Brokerages

Electronic Arts Inc. (NASDAQ:EA) has received a consensus recommendation of “Buy” from the thirty-one ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, twenty-one have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $113.92.

Several equities research analysts have recently commented on EA shares. SunTrust Banks set a $105.00 price target on Electronic Arts and gave the stock a “buy” rating in a research note on Tuesday, January 8th. Credit Suisse Group cut their price target on Electronic Arts from $127.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Piper Jaffray Companies cut their price target on Electronic Arts from $148.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, December 10th. ValuEngine cut Electronic Arts from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research cut Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd.

In other news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $84.36, for a total value of $759,240.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Chris Bruzzo sold 12,000 shares of Electronic Arts stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $102.11, for a total value of $1,225,320.00. Following the completion of the transaction, the insider now directly owns 41,076 shares in the company, valued at $4,194,270.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,200 shares of company stock worth $4,957,001. 2.24% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Electronic Arts by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 722,555 shares of the game software company’s stock worth $57,023,000 after purchasing an additional 4,536 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Electronic Arts by 18.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 236,775 shares of the game software company’s stock worth $18,684,000 after purchasing an additional 36,073 shares during the last quarter. Duality Advisers LP purchased a new stake in Electronic Arts during the 4th quarter worth approximately $7,927,000. Commonwealth Bank of Australia increased its holdings in Electronic Arts by 44.8% during the 4th quarter. Commonwealth Bank of Australia now owns 12,044 shares of the game software company’s stock worth $945,000 after purchasing an additional 3,727 shares during the last quarter. Finally, Korea Investment CORP increased its holdings in Electronic Arts by 93.4% during the 4th quarter. Korea Investment CORP now owns 123,236 shares of the game software company’s stock worth $9,725,000 after purchasing an additional 59,500 shares during the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

EA traded up $0.42 on Wednesday, reaching $102.75. The company’s stock had a trading volume of 12,562,894 shares, compared to its average volume of 8,747,408. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. Electronic Arts has a fifty-two week low of $73.91 and a fifty-two week high of $151.26. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.12. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.75 billion. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. The company’s revenue was down 18.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.60) earnings per share. On average, equities analysts anticipate that Electronic Arts will post 3.14 EPS for the current fiscal year.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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