Electronic Arts (NASDAQ:EA) PT Raised to $149.00

Electronic Arts (NASDAQ:EA) had its target price increased by analysts at Credit Suisse Group from $148.00 to $149.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the game software company’s stock. Credit Suisse Group’s target price points to a potential upside of 5.21% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. MKM Partners lifted their target price on shares of Electronic Arts from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Stephens lifted their target price on shares of Electronic Arts from $130.00 to $145.00 in a research report on Friday, June 26th. BMO Capital Markets lifted their target price on shares of Electronic Arts from $110.00 to $132.00 and gave the stock a “market perform” rating in a research report on Friday, June 26th. BidaskClub downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Oppenheimer boosted their price objective on shares of Electronic Arts from $125.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts has an average rating of “Buy” and a consensus target price of $139.96.

Shares of EA stock traded up $3.03 during midday trading on Friday, reaching $141.62. 4,299,630 shares of the company were exchanged, compared to its average volume of 1,833,045. Electronic Arts has a 12 month low of $85.69 and a 12 month high of $142.84. The company has a market cap of $40.89 billion, a P/E ratio of 20.98, a PEG ratio of 4.93 and a beta of 0.94. The company’s 50 day moving average price is $133.51 and its two-hundred day moving average price is $115.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.45 and a current ratio of 2.45.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, May 5th. The game software company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.36. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. Electronic Arts had a net margin of 34.27% and a return on equity of 21.69%. As a group, sell-side analysts predict that Electronic Arts will post 3.94 earnings per share for the current year.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 5,200 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $117.92, for a total value of $613,184.00. Following the sale, the chief financial officer now owns 62,818 shares of the company’s stock, valued at approximately $7,407,498.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 150,094 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $116.26, for a total transaction of $17,449,928.44. Following the completion of the sale, the director now directly owns 84,561 shares in the company, valued at approximately $9,831,061.86. The disclosure for this sale can be found here. Insiders sold a total of 178,467 shares of company stock worth $21,007,091 in the last three months. Insiders own 0.92% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Electronic Arts by 5.7% during the 1st quarter. State Street Corp now owns 14,019,159 shares of the game software company’s stock valued at $1,404,299,000 after purchasing an additional 750,716 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Electronic Arts by 2.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,969,701 shares of the game software company’s stock valued at $1,098,835,000 after purchasing an additional 242,929 shares during the last quarter. Copper Rock Capital Partners LLC lifted its holdings in Electronic Arts by 4,745.5% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 10,506,707 shares of the game software company’s stock valued at $1,225,111,000 after purchasing an additional 10,289,874 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Electronic Arts by 1.4% during the 1st quarter. Alliancebernstein L.P. now owns 7,374,001 shares of the game software company’s stock valued at $738,654,000 after purchasing an additional 105,310 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Electronic Arts by 0.6% during the 1st quarter. Geode Capital Management LLC now owns 4,454,343 shares of the game software company’s stock valued at $445,421,000 after purchasing an additional 25,307 shares during the last quarter. Institutional investors own 88.08% 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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