Electronic Arts (NASDAQ:EA)‘s stock had its “outperform” rating reiterated by investment analysts at William Blair in a report released on Friday.
Other analysts have also issued research reports about the company. Morgan Stanley boosted their target price on Electronic Arts from $120.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Vetr lowered Electronic Arts from a “hold” rating to a “sell” rating and set a $124.90 target price on the stock. in a research report on Thursday, March 8th. Jefferies Group reissued a “buy” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Piper Jaffray reissued a “buy” rating and issued a $145.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. Finally, Wedbush reissued a “buy” rating and issued a $138.00 target price on shares of Electronic Arts in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $132.81.
EA opened at $120.53 on Friday. Electronic Arts has a one year low of $88.72 and a one year high of $131.13. The company has a market capitalization of $37,141.69, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.92 and a current ratio of 1.92.
In related news, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $118.90, for a total value of $1,248,450.00. Following the transaction, the chief financial officer now owns 148,971 shares of the company’s stock, valued at $17,712,651.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $128.30, for a total value of $1,154,700.00. The disclosure for this sale can be found here. Insiders have sold 81,079 shares of company stock worth $9,986,474 in the last ninety days. Corporate insiders own 2.55% of the company’s stock.
A number of large investors have recently bought and sold shares of EA. State of Alaska Department of Revenue boosted its stake in Electronic Arts by 368.4% in the fourth quarter. State of Alaska Department of Revenue now owns 40,509 shares of the game software company’s stock valued at $4,253,000 after acquiring an additional 31,860 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Electronic Arts in the fourth quarter valued at $654,000. Global X Management Co. LLC boosted its stake in Electronic Arts by 26.4% in the fourth quarter. Global X Management Co. LLC now owns 3,770 shares of the game software company’s stock valued at $396,000 after acquiring an additional 788 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new position in Electronic Arts in the fourth quarter valued at $946,000. Finally, Egerton Capital UK LLP acquired a new position in Electronic Arts in the fourth quarter valued at $184,412,000. 95.51% of the stock is currently owned by hedge funds and other institutional investors.
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About Electronic Arts
Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.
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