Electronic Arts Inc. (EA) Rating Lowered to Buy at BidaskClub

BidaskClub lowered shares of Electronic Arts Inc. (NASDAQ:EA) from a strong-buy rating to a buy rating in a report published on Tuesday, June 13th.

Several other research firms have also weighed in on EA. Credit Suisse Group reiterated a buy rating and issued a $114.00 price objective on shares of Electronic Arts in a research note on Sunday, May 28th. Vetr upgraded shares of Electronic Arts from a hold rating to a buy rating and set a $99.98 price objective on the stock in a research note on Monday, May 8th. Robert W. Baird reiterated an outperform rating on shares of Electronic Arts in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Electronic Arts from a sell rating to a hold rating in a research note on Wednesday, May 3rd. Finally, Piper Jaffray Companies restated a buy rating and set a $99.00 price target on shares of Electronic Arts in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. Electronic Arts has a consensus rating of Buy and a consensus price target of $104.73.

Shares of Electronic Arts (NASDAQ EA) traded down 0.16% during mid-day trading on Tuesday, hitting $113.47. The stock had a trading volume of 2,710,463 shares. The company has a market cap of $35.18 billion, a PE ratio of 36.84 and a beta of 0.59. Electronic Arts has a 12 month low of $71.01 and a 12 month high of $116.04. The stock’s 50-day moving average is $107.89 and its 200 day moving average is $90.91.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 9th. The game software company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.09 billion. Electronic Arts had a net margin of 19.96% and a return on equity of 27.60%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities research analysts forecast that Electronic Arts will post $4.23 earnings per share for the current fiscal year.

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In other news, CEO Andrew Wilson sold 8,000 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $89.32, for a total value of $714,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jacob J. Schatz sold 2,200 shares of the stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $89.69, for a total transaction of $197,318.00. Following the completion of the transaction, the senior vice president now owns 18,380 shares of the company’s stock, valued at approximately $1,648,502.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 450,628 shares of company stock valued at $47,030,293. Insiders own 3.46% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Electronic Arts by 8.8% in the first quarter. Vanguard Group Inc. now owns 29,631,771 shares of the game software company’s stock worth $2,652,637,000 after buying an additional 2,394,314 shares in the last quarter. BlackRock Inc. boosted its position in shares of Electronic Arts by 3,420.8% in the first quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock worth $1,858,837,000 after buying an additional 20,174,721 shares in the last quarter. State Street Corp boosted its stake in shares of Electronic Arts by 2.8% in the first quarter. State Street Corp now owns 11,886,458 shares of the game software company’s stock worth $1,064,069,000 after buying an additional 318,704 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Electronic Arts by 24.8% in the first quarter. Ameriprise Financial Inc. now owns 9,443,219 shares of the game software company’s stock worth $845,359,000 after buying an additional 1,877,351 shares during the period. Finally, Lone Pine Capital LLC boosted its stake in shares of Electronic Arts by 9.3% in the fourth quarter. Lone Pine Capital LLC now owns 9,422,175 shares of the game software company’s stock worth $742,091,000 after buying an additional 803,155 shares during the period. Institutional investors own 98.32% of the company’s stock.

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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