Electronic Arts (EA) Sets New 52-Week High and Low at $147.04

Electronic Arts Inc. (NASDAQ:EA)’s share price hit a new 52-week high and low during trading on Thursday . The stock traded as low as $147.04 and last traded at $146.01, with a volume of 139083 shares trading hands. The stock had previously closed at $143.47.

Several equities analysts recently commented on EA shares. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Friday, April 6th. ValuEngine downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. William Blair reissued an “outperform” rating on shares of Electronic Arts in a research note on Friday, April 13th. Vetr downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating and set a $124.90 price objective for the company. in a research note on Thursday, March 8th. Finally, Wedbush set a $158.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, May 9th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $141.00.

The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $42.70 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 8th. The game software company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.14. Electronic Arts had a net margin of 20.25% and a return on equity of 28.51%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. equities research analysts expect that Electronic Arts Inc. will post 4.26 EPS for the current fiscal year.

In related news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $125.77, for a total transaction of $125,770.00. Following the transaction, the senior vice president now directly owns 15,692 shares of the company’s stock, valued at $1,973,582.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick Soderlund sold 66,427 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $130.80, for a total transaction of $8,688,651.60. Following the transaction, the insider now directly owns 151,198 shares in the company, valued at $19,776,698.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 179,142 shares of company stock valued at $23,053,206. 2.55% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Electronic Arts by 6.7% during the first quarter. BlackRock Inc. now owns 22,724,888 shares of the game software company’s stock worth $2,755,165,000 after acquiring an additional 1,427,595 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Electronic Arts by 16.4% in the first quarter. American Century Companies Inc. now owns 3,354,732 shares of the game software company’s stock valued at $406,728,000 after buying an additional 471,449 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Electronic Arts by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 3,249,844 shares of the game software company’s stock valued at $340,709,000 after buying an additional 102,739 shares in the last quarter. Winslow Capital Management LLC lifted its stake in shares of Electronic Arts by 38.4% in the first quarter. Winslow Capital Management LLC now owns 2,438,007 shares of the game software company’s stock valued at $295,584,000 after buying an additional 675,942 shares in the last quarter. Finally, Carmignac Gestion bought a new position in shares of Electronic Arts in the first quarter valued at $288,674,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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