Vetr upgraded shares of Electronic Arts (NASDAQ:EA) from a sell rating to a buy rating in a research report sent to investors on Monday, March 12th. Vetr currently has $142.00 target price on the game software company’s stock.
A number of other research firms also recently weighed in on EA. Goldman Sachs downgraded shares of Electronic Arts from a conviction-buy rating to a buy rating in a report on Tuesday, December 12th. BMO Capital Markets upgraded shares of Electronic Arts from a market perform rating to an outperform rating and dropped their target price for the stock from $112.39 to $97.00 in a report on Monday, January 8th. They noted that the move was a valuation call. ValuEngine downgraded shares of Electronic Arts from a buy rating to a hold rating in a report on Wednesday, March 7th. KeyCorp restated a buy rating and issued a $134.00 price target on shares of Electronic Arts in a research report on Sunday, November 19th. Finally, Buckingham Research set a $143.00 target price on shares of Electronic Arts and gave the company a buy rating in a research report on Sunday, November 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have given 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 a consensus target price of $132.81.
NASDAQ:EA traded down $2.87 during trading hours on Monday, reaching $118.36. 2,472,903 shares of the company’s stock were exchanged, compared to its average volume of 3,756,104. Electronic Arts has a 12 month low of $88.07 and a 12 month high of $131.13. 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 stock has a market capitalization of $36,841.10, a price-to-earnings ratio of 39.99, a PEG ratio of 1.84 and a beta of 0.80.
In related news, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $119.57, for a total transaction of $1,255,485.00. Following the completion of the transaction, the chief financial officer now owns 127,614 shares in the company, valued at $15,258,805.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vijayanthimala Singh sold 200 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $126.75, for a total transaction of $25,350.00. Following the transaction, the senior vice president now owns 4,528 shares of the company’s stock, valued at approximately $573,924. The disclosure for this sale can be found here. Insiders sold 91,579 shares of company stock valued at $11,171,399 in the last quarter. Corporate insiders own 2.55% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dupont Capital Management Corp bought a new position in shares of Electronic Arts in the third quarter valued at about $183,000. Bessemer Group Inc. raised its position in shares of 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 during the period. Candriam Luxembourg S.C.A. increased its position in Electronic Arts by 144.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 46,335 shares of the game software company’s stock worth $5,470,000 after acquiring an additional 27,359 shares during the period. FDx Advisors Inc. increased its position in Electronic Arts by 27.3% during the third quarter. FDx Advisors Inc. now owns 5,014 shares of the game software company’s stock worth $592,000 after acquiring an additional 1,075 shares during the period. Finally, Zweig DiMenna Associates LLC bought a new position in Electronic Arts during the third quarter worth about $272,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
About Electronic Arts
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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