Electronic Arts Inc. (NASDAQ:EA) had its price target decreased by BMO Capital Markets from $100.00 to $97.00 in a report released on Thursday, November 2nd. BMO Capital Markets currently has a market perform rating on the game software company’s stock.
A number of other brokerages have also weighed in on EA. Zacks Investment Research lowered Electronic Arts from a buy rating to a hold rating in a research report on Thursday, October 26th. Barclays PLC cut their price objective on Electronic Arts from $129.00 to $127.00 and set an overweight rating on the stock in a research report on Wednesday, November 1st. Goldman Sachs Group, Inc. (The) began coverage on Electronic Arts in a research report on Friday, September 8th. They issued a buy rating and a $136.00 price objective on the stock. BidaskClub lowered Electronic Arts from a hold rating to a sell rating in a research report on Saturday, October 21st. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $128.00 price objective on shares of Electronic Arts in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $123.38.
Electronic Arts (EA) opened at $107.71 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $33,250.00, a PE ratio of 27.67, a P/E/G ratio of 1.76 and a beta of 0.65. Electronic Arts has a 1-year low of $73.74 and a 1-year high of $122.79.
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In related news, Director Lawrence F. Probst III sold 55,850 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the completion of the transaction, the director now directly owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total value of $120,770.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,524 shares of company stock valued at $14,538,985. Corporate insiders own 2.55% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Electronic Arts by 7.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 310,233 shares of the game software company’s stock valued at $36,626,000 after purchasing an additional 22,816 shares during the last quarter. Coastline Trust Co lifted its stake in shares of Electronic Arts by 11.2% in the 3rd quarter. Coastline Trust Co now owns 23,230 shares of the game software company’s stock valued at $2,743,000 after purchasing an additional 2,345 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Electronic Arts in the third quarter worth approximately $1,018,000. Independent Advisor Alliance raised its holdings in shares of Electronic Arts by 11.0% in the third quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock worth $542,000 after buying an additional 452 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Electronic Arts by 4.0% in the third quarter. California Public Employees Retirement System now owns 684,184 shares of the game software company’s stock worth $80,775,000 after buying an additional 26,184 shares during the period. 93.59% of the stock is owned by institutional investors and hedge funds.
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.
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