Stephens Reaffirms “Buy” Rating for Electronic Arts (NASDAQ:EA)

Share on StockTwits

Stephens reaffirmed their buy rating on shares of Electronic Arts (NASDAQ:EA) in a research report released on Wednesday morning, TipRanks reports.

Several other equities research analysts have also issued reports on EA. William Blair reissued an outperform rating on shares of Electronic Arts in a research report on Tuesday, May 7th. Nomura began coverage on shares of Electronic Arts in a research report on Thursday, June 6th. They issued a buy rating and a $120.00 price objective for the company. TheStreet raised shares of Electronic Arts from a c+ rating to a b rating in a research report on Tuesday, July 30th. UBS Group increased their price objective on shares of Electronic Arts from $115.00 to $120.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Finally, Oppenheimer increased their price objective on shares of Electronic Arts from $88.00 to $110.00 and gave the stock an outperform rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $113.10.

Electronic Arts stock opened at $92.91 on Wednesday. Electronic Arts has a 52-week low of $73.91 and a 52-week high of $130.57. The firm has a fifty day moving average of $91.12 and a 200-day moving average of $95.34. The firm has a market capitalization of $27.89 billion, a P/E ratio of 26.14, a PEG ratio of 2.13 and a beta of 1.01. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.15.

In other Electronic Arts news, insider Laura Miele sold 1,250 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $92.20, for a total transaction of $115,250.00. Following the transaction, the insider now directly owns 15,504 shares in the company, valued at approximately $1,429,468.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matthew Bilbey sold 600 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $102.65, for a total transaction of $61,590.00. Following the transaction, the executive vice president now owns 10,773 shares in the company, valued at $1,105,848.45. The disclosure for this sale can be found here. Insiders have sold a total of 88,983 shares of company stock worth $8,659,098 over the last quarter. 2.18% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EA. Nuveen Asset Management LLC boosted its stake in Electronic Arts by 24,877.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,698,642 shares of the game software company’s stock valued at $374,525,000 after acquiring an additional 3,683,834 shares during the last quarter. FMR LLC lifted its position in shares of Electronic Arts by 10.8% in the 1st quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock worth $1,670,780,000 after buying an additional 1,598,653 shares during the last quarter. Marshall Wace North America L.P. lifted its position in shares of Electronic Arts by 1,091.0% in the 1st quarter. Marshall Wace North America L.P. now owns 1,263,601 shares of the game software company’s stock worth $128,421,000 after buying an additional 1,157,504 shares during the last quarter. Invesco Ltd. lifted its position in shares of Electronic Arts by 15.7% in the 2nd quarter. Invesco Ltd. now owns 6,715,803 shares of the game software company’s stock worth $680,043,000 after buying an additional 913,279 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its position in shares of Electronic Arts by 35.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,421,561 shares of the game software company’s stock worth $346,467,000 after buying an additional 894,736 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

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.

Further Reading: Green Investing

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

iShares MSCI USA ESG Select Scl Indx Fnd  Shares Sold by Massmutual Trust Co. FSB ADV
iShares MSCI USA ESG Select Scl Indx Fnd Shares Sold by Massmutual Trust Co. FSB ADV
Massmutual Trust Co. FSB ADV Trims Stock Position in ISHARES TR/CORE DIVID GR ETF
Massmutual Trust Co. FSB ADV Trims Stock Position in ISHARES TR/CORE DIVID GR ETF
EZCORP  Stock Price Down 11.5%
EZCORP Stock Price Down 11.5%
Opera  Stock Price Down 7.5%
Opera Stock Price Down 7.5%
Lexicon Pharmaceuticals  Trading Down 9.2%
Lexicon Pharmaceuticals Trading Down 9.2%
Hi-Crush  Trading Down 6.8%
Hi-Crush Trading Down 6.8%


© 2006-2019 Ticker Report