Electronic Arts (NASDAQ:EA) PT Set at $102.00 by Barclays

Barclays set a $102.00 price objective on Electronic Arts (NASDAQ:EA) in a report released on Wednesday, May 8th, Stock Target Advisor reports. The firm currently has a buy rating on the game software company’s stock.

EA has been the topic of several other reports. SunTrust Banks set a $105.00 price target on shares of Electronic Arts and gave the company a buy rating in a report on Tuesday, January 8th. MKM Partners reissued a neutral rating and set a $100.00 target price (up from $92.00) on shares of Electronic Arts in a report on Friday, May 3rd. They noted that the move was a valuation call. Needham & Company LLC boosted their target price on shares of Electronic Arts to $120.00 and gave the stock a buy rating in a report on Wednesday, May 8th. UBS Group boosted their target price on shares of Electronic Arts from $115.00 to $120.00 and gave the stock a buy rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research lowered shares of Electronic Arts from a hold rating to a sell rating in a report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company. Electronic Arts currently has an average rating of Buy and an average target price of $111.32.

Shares of Electronic Arts stock opened at $93.08 on Wednesday. The stock has a market capitalization of $27.39 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.12. The company has a quick ratio of 2.99, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. Electronic Arts has a twelve month low of $73.91 and a twelve month high of $151.26.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.78 by $0.43. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.31 EPS. As a group, equities research analysts expect that Electronic Arts will post 3.75 EPS for the current fiscal year.

In other news, insider Chris Bruzzo sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $100.00, for a total value of $300,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 29,000 shares of the company’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 sale, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $2,060,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,794 shares of company stock worth $6,928,044. Corporate insiders own 2.24% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its position in Electronic Arts by 10.8% during the first quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock worth $1,670,780,000 after purchasing an additional 1,598,653 shares during the period. Massachusetts Financial Services Co. MA boosted its position in 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 worth $919,303,000 after purchasing an additional 1,952,780 shares during the period. Brown Advisory Inc. boosted its position 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 during the period. Wellington Management Group LLP boosted its position in Electronic Arts by 705.2% during the first quarter. Wellington Management Group LLP now owns 4,033,498 shares of the game software company’s stock worth $409,926,000 after purchasing an additional 3,532,571 shares during the period. Finally, Geode Capital Management LLC boosted its position in Electronic Arts by 5.7% during the first quarter. Geode Capital Management LLC now owns 3,819,294 shares of the game software company’s stock worth $387,431,000 after purchasing an additional 205,499 shares during the period. Institutional investors own 92.89% of the company’s stock.

About Electronic Arts

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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