Brokerages Set Electronic Arts Inc. (NASDAQ:EA) PT at $129.31

Electronic Arts Inc. (NASDAQ:EA) has been given a consensus recommendation of “Buy” by the thirty-five ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, twenty have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $129.31.

EA has been the subject of several research analyst reports. Barclays upped their target price on Electronic Arts from $110.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 19th. Nomura upped their target price on Electronic Arts from $120.00 to $132.00 in a report on Wednesday, May 6th. Cfra upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Zacks Investment Research increased their price target on Electronic Arts to $120.00 in a report on Tuesday, May 5th. Finally, Benchmark increased their price target on Electronic Arts from $143.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, June 22nd.

In other news, Director Jay C. Hoag sold 150,094 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $116.26, for a total value of $17,449,928.44. Following the completion of the transaction, the director now directly owns 84,561 shares of the company’s stock, valued at $9,831,061.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $126.73, for a total value of $126,730.00. Following the completion of the sale, the general counsel now directly owns 26,435 shares of the company’s stock, valued at approximately $3,350,107.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,152 shares of company stock valued at $25,181,682. Insiders own 0.92% of the company’s stock.

Several large investors have recently made changes to their positions in EA. Engrave Wealth Partners LLC purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $25,000. Arden Trust Co purchased a new stake in Electronic Arts during the first quarter valued at about $26,000. Front Row Advisors LLC grew its position in Electronic Arts by 904.0% during the first quarter. Front Row Advisors LLC now owns 251 shares of the game software company’s stock valued at $29,000 after acquiring an additional 226 shares during the period. BDO Wealth Advisors LLC purchased a new stake in Electronic Arts during the first quarter valued at about $30,000. Finally, Contravisory Investment Management Inc. purchased a new stake in Electronic Arts during the first quarter valued at about $33,000. 87.98% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:EA traded up $0.53 on Friday, hitting $131.22. 728,777 shares of the company’s stock were exchanged, compared to its average volume of 3,014,233. Electronic Arts has a 12 month low of $85.69 and a 12 month high of $133.60. The stock has a market capitalization of $37.73 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 4.61 and a beta of 0.91. The business’s 50 day simple moving average is $122.37 and its two-hundred day simple moving average is $110.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.45 and a quick ratio of 2.45.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, May 5th. The game software company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.36. Electronic Arts had a return on equity of 16.79% and a net margin of 54.88%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. Equities analysts forecast that Electronic Arts will post 3.9 EPS for the current fiscal 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.

Read More: Equity Income

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.