Electronic Arts Inc. (EA) Given Average Rating of “Buy” by Brokerages

Electronic Arts Inc. (NASDAQ:EA) has received an average recommendation of “Buy” from the twenty-nine analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $112.04.

A number of equities analysts have recently weighed in on EA shares. Zacks Investment Research lowered Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Benchmark reduced their target price on Electronic Arts from $153.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, February 6th. They noted that the move was a valuation call. Stephens began coverage on Electronic Arts in a report on Thursday, January 10th. They issued an “overweight” rating and a $125.00 target price on the stock. Bank of America raised Electronic Arts from a “neutral” rating to a “buy” rating and raised their target price for the company from $95.00 to $110.00 in a report on Monday, February 11th. Finally, Robert W. Baird raised their target price on Electronic Arts to $106.00 and gave the company an “outperform” rating in a report on Tuesday, February 12th.

In related news, CEO Andrew Wilson sold 29,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $103.00, for a total transaction of $2,987,000.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $2,060,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $102.38, for a total value of $102,380.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,500 shares of company stock worth $8,266,003. 2.24% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in EA. Massachusetts Financial Services Co. MA increased its position in shares of Electronic Arts by 20.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock valued at $919,303,000 after acquiring an additional 1,952,780 shares during the last quarter. Brown Advisory Inc. raised its holdings in Electronic Arts by 15.4% during the fourth quarter. Brown Advisory Inc. now owns 4,230,653 shares of the game software company’s stock worth $333,840,000 after purchasing an additional 564,592 shares in the last quarter. Geode Capital Management LLC raised its holdings in Electronic Arts by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock worth $284,619,000 after purchasing an additional 164,030 shares in the last quarter. Northern Trust Corp raised its holdings in Electronic Arts by 7.7% during the fourth quarter. Northern Trust Corp now owns 3,588,533 shares of the game software company’s stock worth $283,172,000 after purchasing an additional 256,711 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Electronic Arts by 39.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,577,578 shares of the game software company’s stock worth $282,307,000 after purchasing an additional 1,016,222 shares in the last quarter. 93.01% of the stock is owned by institutional investors and hedge funds.

NASDAQ:EA traded up $0.22 on Monday, hitting $94.69. The company’s stock had a trading volume of 205,776 shares, compared to its average volume of 3,646,494. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $28.38 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 1.56 and a beta of 1.19. Electronic Arts has a one year low of $73.91 and a one year high of $151.26.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.75 billion. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. The business’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.60) earnings per share. Equities research analysts expect that Electronic Arts will post 3.18 EPS for the current year.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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