EA has been the topic of a number of other research reports. BidaskClub raised shares of Electronic Arts from a buy rating to a strong-buy rating in a report on Saturday, June 16th. KeyCorp boosted their price objective on shares of Electronic Arts from $152.00 to $168.00 and gave the stock an overweight rating in a report on Monday. They noted that the move was a valuation call. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $144.00 to $157.00 and gave the stock a buy rating in a report on Friday, June 15th. Zacks Investment Research raised shares of Electronic Arts from a sell rating to a hold rating in a report on Monday, May 14th. Finally, Barclays reissued a buy rating and set a $139.00 price objective on shares of Electronic Arts in a report on Wednesday, May 9th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Electronic Arts currently has a consensus rating of Buy and an average target price of $143.39.
Shares of Electronic Arts stock opened at $143.54 on Monday. Electronic Arts has a 52-week low of $99.63 and a 52-week high of $147.13. 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 cap of $43.83 billion, a PE ratio of 35.33, a PEG ratio of 2.23 and a beta of 0.77.
In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $118.77, for a total value of $1,068,930.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 127,614 shares in the company, valued at approximately $15,258,805.98. The disclosure for this sale can be found here. Insiders sold 178,142 shares of company stock worth $22,927,436 in the last ninety days. Insiders own 2.55% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Covington Capital Management lifted its stake in shares of Electronic Arts by 7.5% during the first quarter. Covington Capital Management now owns 12,195 shares of the game software company’s stock valued at $1,479,000 after buying an additional 851 shares during the period. Mackay Shields LLC purchased a new position in shares of Electronic Arts during the first quarter valued at approximately $6,284,000. Profund Advisors LLC lifted its stake in shares of Electronic Arts by 3.1% during the first quarter. Profund Advisors LLC now owns 25,121 shares of the game software company’s stock valued at $3,046,000 after buying an additional 759 shares during the period. Global X Management Co. LLC increased its position in Electronic Arts by 26.4% during the fourth quarter. Global X Management Co. LLC now owns 3,770 shares of the game software company’s stock worth $396,000 after purchasing an additional 788 shares during the last quarter. Finally, Wunderlich Capital Managemnt acquired a new position in Electronic Arts during the fourth quarter worth approximately $894,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.
About Electronic Arts
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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