Electronic Arts Inc. (EA) Receives Average Rating of “Buy” from Analysts

Shares of Electronic Arts Inc. (NASDAQ:EA) have been assigned a consensus rating of “Buy” from the thirty research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and twenty-four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $120.52.

Several equities research analysts have recently commented on EA shares. Goldman Sachs Group cut Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets lowered their target price on Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $128.00 target price on shares of Electronic Arts in a research note on Thursday, October 12th. KeyCorp reissued a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Finally, Buckingham Research set a $143.00 target price on Electronic Arts and gave the company a “buy” rating in a research note on Sunday, November 19th.

Electronic Arts (NASDAQ:EA) traded down $1.04 during mid-day trading on Tuesday, reaching $112.18. The company had a trading volume of 4,111,726 shares, compared to its average volume of 4,371,467. Electronic Arts has a 12-month low of $77.94 and a 12-month high of $122.79. The firm has a market cap of $34,630.00, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.

In other Electronic Arts news, insider Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $113.81, for a total transaction of $1,144,700.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $108.51, for a total value of $162,765.00. Following the transaction, the executive vice president now owns 38,362 shares in the company, valued at $4,162,660.62. The disclosure for this sale can be found here. Insiders sold a total of 57,016 shares of company stock worth $6,172,470 over the last 90 days. 2.55% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in shares of Electronic Arts by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after purchasing an additional 1,063 shares in the last quarter. Bessemer Group Inc. lifted its holdings 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 in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Electronic Arts in the third quarter valued at about $183,000. Captrust Financial Advisors bought a new stake in shares of Electronic Arts in the second quarter valued at about $195,000. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Electronic Arts in the third quarter valued at about $202,000. Hedge funds and other institutional investors own 93.51% 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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