MKM Partners restated their buy rating on shares of Electronic Arts Inc. (NASDAQ:EA) in a research note issued to investors on Friday, May 5th. The brokerage currently has a $109.00 target price on the game software company’s stock, up from their prior target price of $95.00.
A number of other analysts have also weighed in on the stock. Vetr upgraded shares of Electronic Arts from a strong sell rating to a buy rating and set a $94.20 price objective for the company in a research note on Wednesday, April 12th. Zacks Investment Research lowered shares of Electronic Arts from a buy rating to a hold rating in a research note on Tuesday, April 4th. BMO Capital Markets restated a hold rating and set a $80.00 price objective on shares of Electronic Arts in a research note on Thursday, April 13th. Jefferies Group LLC restated a buy rating and set a $110.00 price objective on shares of Electronic Arts in a research note on Monday, April 10th. Finally, Mizuho raised their price objective on shares of Electronic Arts from $92.00 to $94.00 and gave the company a neutral rating in a research note on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. Electronic Arts has a consensus rating of Buy and an average target price of $102.31.
Electronic Arts (NASDAQ:EA) traded up 0.66% during trading on Friday, hitting $107.64. 2,282,384 shares of the stock were exchanged. The firm’s 50-day moving average is $95.55 and its 200 day moving average is $85.91. Electronic Arts has a 52 week low of $71.01 and a 52 week high of $112.16. The firm has a market cap of $33.15 billion, a PE ratio of 34.95 and a beta of 0.65.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 9th. The game software company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.09 billion. Electronic Arts had a return on equity of 27.22% and a net margin of 28.10%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. Analysts expect that Electronic Arts will post $4.22 earnings per share for the current fiscal year.
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In related news, SVP Jacob J. Schatz sold 2,200 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $87.40, for a total value of $192,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter R. Moore sold 10,000 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $86.60, for a total transaction of $866,000.00. The disclosure for this sale can be found here. Insiders have sold 272,023 shares of company stock valued at $26,220,086 over the last three months. Insiders own 3.46% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its position in shares of Electronic Arts by 2.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after buying an additional 34 shares in the last quarter. Invictus RG increased its position in shares of Electronic Arts by 722.0% in the first quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after buying an additional 1,148 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Electronic Arts by 3,410.0% in the fourth quarter. Bessemer Group Inc. now owns 1,404 shares of the game software company’s stock worth $111,000 after buying an additional 1,364 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Electronic Arts during the fourth quarter worth approximately $118,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Electronic Arts by 270.5% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,630 shares of the game software company’s stock worth $139,000 after buying an additional 1,190 shares in the last quarter.
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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