EA has been the topic of several other reports. Benchmark boosted their price target on shares of Electronic Arts from $129.00 to $137.00 and gave the stock a buy rating in a research report on Monday, January 6th. Wedbush reissued an outperform rating on shares of Electronic Arts in a research report on Wednesday, October 30th. Zacks Investment Research cut shares of Electronic Arts from a hold rating to a sell rating and set a $119.00 price target on the stock. in a research report on Monday. ValuEngine raised shares of Electronic Arts from a sell rating to a hold rating in a research report on Tuesday, December 24th. Finally, Barclays reissued an equal weight rating on shares of Electronic Arts in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $112.32.
EA traded down $1.15 during trading on Thursday, reaching $112.33. 2,297,945 shares of the company’s stock were exchanged, compared to its average volume of 2,079,467. The company’s fifty day moving average price is $107.80 and its 200-day moving average price is $99.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.32 and a current ratio of 3.32. Electronic Arts has a fifty-two week low of $78.00 and a fifty-two week high of $114.13. The firm has a market capitalization of $33.02 billion, a PE ratio of 12.22, a P/E/G ratio of 2.31 and a beta of 0.93.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 29th. The game software company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. Electronic Arts had a net margin of 54.01% and a return on equity of 17.54%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.24 billion. Research analysts forecast that Electronic Arts will post 3.75 earnings per share for the current fiscal year.
In other Electronic Arts news, CMO Chris Bruzzo sold 19,073 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $110.06, for a total transaction of $2,099,174.38. Following the completion of the transaction, the chief marketing officer now directly owns 33,222 shares in the company, valued at $3,656,413.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 5,200 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $109.75, for a total value of $570,700.00. Following the sale, the chief financial officer now owns 81,216 shares of the company’s stock, valued at $8,913,456. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,373 shares of company stock valued at $9,925,360. 2.18% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the business. MUFG Americas Holdings Corp grew its holdings in shares of Electronic Arts by 4.3% during the 3rd quarter. MUFG Americas Holdings Corp now owns 79,351 shares of the game software company’s stock valued at $7,762,000 after purchasing an additional 3,236 shares during the last quarter. Capital Management Associates NY acquired a new position in Electronic Arts during the 3rd quarter worth about $264,000. Integrated Wealth Concepts LLC lifted its stake in shares of Electronic Arts by 8.0% in the third quarter. Integrated Wealth Concepts LLC now owns 3,235 shares of the game software company’s stock worth $316,000 after acquiring an additional 239 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Electronic Arts by 11.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 251,705 shares of the game software company’s stock valued at $24,622,000 after purchasing an additional 26,214 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Electronic Arts by 7.3% during the third quarter. Stifel Financial Corp now owns 271,367 shares of the game software company’s stock valued at $26,464,000 after acquiring an additional 18,521 shares during the last quarter. 91.06% of the stock is currently owned by hedge funds and other institutional investors.
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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