Electronic Arts (EA) Receives “Buy” Rating from Wedbush

Wedbush restated their buy rating on shares of Electronic Arts (NASDAQ:EA) in a research report sent to investors on Thursday morning. The brokerage currently has a $136.00 target price on the game software company’s stock.

A number of other research firms also recently issued reports on EA. Zacks Investment Research raised shares of Electronic Arts from a hold rating to a buy rating and set a $130.00 target price for the company in a research report on Friday, October 27th. Oppenheimer reissued a buy rating and set a $130.00 target price on shares of Electronic Arts in a research report on Wednesday, January 17th. Goldman Sachs Group downgraded shares of Electronic Arts from a conviction-buy rating to a buy rating in a research report on Tuesday, December 12th. Barclays started coverage on shares of Electronic Arts in a research report on Wednesday, October 4th. They issued an overweight rating and a $129.00 price objective for the company. Finally, Morgan Stanley downgraded shares of Electronic Arts from an overweight rating to an equal weight rating and increased their price objective for the company from $112.00 to $126.00 in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $123.35.

Shares of Electronic Arts (NASDAQ:EA) opened at $115.20 on Thursday. The stock has a market cap of $35,570.00, a P/E ratio of 30.40, a P/E/G ratio of 1.88 and a beta of 0.61. Electronic Arts has a 1 year low of $80.40 and a 1 year high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, October 31st. The game software company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. analysts expect that Electronic Arts will post 3.69 earnings per share for the current year.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the completion of the sale, the chief financial officer now owns 159,114 shares of the company’s stock, valued at $17,956,014.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the sale, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The disclosure for this sale can be found here. Insiders have sold 67,516 shares of company stock valued at $7,360,115 in the last three months. Corporate insiders own 2.55% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in Electronic Arts during the fourth quarter worth $129,000. First Bank & Trust bought a new position in Electronic Arts during the fourth quarter worth $134,000. Tower Research Capital LLC TRC lifted its stake in Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after purchasing an additional 1,063 shares during the last quarter. Bessemer Group Inc. lifted its stake in Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after purchasing an additional 783 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in Electronic Arts during the third quarter worth $183,000. Hedge funds and other institutional investors own 93.55% of the company’s stock.

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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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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