Electronic Arts (NASDAQ:EA) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Thursday. The firm presently has a $124.90 price target on the game software company’s stock. Vetr‘s target price suggests a potential upside of 2.23% from the company’s current price.
EA has been the topic of several other research reports. KeyCorp increased their target price on Electronic Arts from $134.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Buckingham Research set a $143.00 target price on Electronic Arts and gave the company a “buy” rating in a research note on Sunday, November 19th. Robert W. Baird increased their target price on Electronic Arts from $130.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Barclays increased their target price on Electronic Arts from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $135.00 price target on shares of Electronic Arts in a research report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $130.61.
Electronic Arts (NASDAQ EA) traded down $1.53 during trading on Thursday, reaching $122.17. The company had a trading volume of 3,901,004 shares, compared to its average volume of 4,510,000. Electronic Arts has a fifty-two week low of $86.09 and a fifty-two week high of $131.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $37,470.00, a PE ratio of 33.20, a price-to-earnings-growth ratio of 2.29 and a beta of 0.73.
In related news, Director Jay C. Hoag sold 6,221 shares of Electronic Arts stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $127.47, for a total value of $792,990.87. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total value of $1,002,700.00. Following the completion of the sale, the chief financial officer now directly owns 169,614 shares in the company, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. In the last three months, insiders sold 81,637 shares of company stock worth $9,396,140. 2.55% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in Electronic Arts in the fourth quarter valued at approximately $129,000. First Bank & Trust bought a new position in Electronic Arts in the fourth quarter valued at approximately $134,000. Exane Derivatives bought a new position in Electronic Arts in the fourth quarter valued at approximately $142,000. Bessemer Group Inc. grew its stake in Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in Electronic Arts in the third quarter valued at approximately $183,000. 90.95% 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.
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