Electronic Arts Inc. (EA) Receives Consensus Recommendation of “Buy” from Brokerages

Electronic Arts Inc. (NASDAQ:EA) has received an average rating of “Buy” from the twenty-seven analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $151.84.

A number of equities analysts recently issued reports on the company. SunTrust Banks raised their target price on Electronic Arts to $155.00 and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group raised their target price on Electronic Arts from $143.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday. Piper Jaffray Companies lifted their price objective on Electronic Arts to $165.00 and gave the company an “overweight” rating in a research note on Wednesday. BidaskClub lowered Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price objective on Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a research note on Monday, July 23rd.

In other news, insider Patrick Soderlund sold 66,427 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $130.80, for a total transaction of $8,688,651.60. Following the sale, the insider now directly owns 151,198 shares in the company, valued at approximately $19,776,698.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $118.94, for a total value of $178,410.00. Following the sale, the insider now owns 32,475 shares in the company, valued at $3,862,576.50. The disclosure for this sale can be found here. Insiders have sold a total of 192,942 shares of company stock valued at $25,559,775 in the last quarter. Company insiders own 2.24% of the company’s stock.

Large investors have recently bought and sold shares of the company. Kaizen Advisory LLC grew its position in shares of Electronic Arts by 159.5% during the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock valued at $108,000 after acquiring an additional 469 shares during the period. Alpha Windward LLC acquired a new stake in shares of Electronic Arts during the 2nd quarter valued at about $113,000. Private Capital Group LLC grew its position in shares of Electronic Arts by 781.5% during the 1st quarter. Private Capital Group LLC now owns 952 shares of the game software company’s stock valued at $115,000 after acquiring an additional 844 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of Electronic Arts by 33,333.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,003 shares of the game software company’s stock valued at $122,000 after acquiring an additional 1,000 shares during the period. Finally, Archford Capital Strategies LLC acquired a new stake in shares of Electronic Arts during the 1st quarter valued at about $138,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.

Electronic Arts traded down $8.09, reaching $133.81, during midday trading on Friday, Marketbeat reports. The stock had a trading volume of 11,525,233 shares, compared to its average volume of 3,333,885. The firm has a market capitalization of $44.88 billion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.41 and a quick ratio of 2.41. Electronic Arts has a 52-week low of $99.63 and a 52-week high of $151.26.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, May 8th. The game software company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.14. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. Electronic Arts had a return on equity of 28.51% and a net margin of 20.25%. equities research analysts expect that Electronic Arts will post 4.27 earnings per share 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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