Electronic Arts (NASDAQ:EA) PT Raised to $141.00

Electronic Arts (NASDAQ:EA) had its price target increased by research analysts at Benchmark from $136.00 to $141.00 in a report released on Wednesday, January 31st, MarketBeat.com reports. The firm currently has a “buy” rating on the game software company’s stock. Benchmark’s price target points to a potential upside of 13.92% from the stock’s previous close.

Several other research firms have also recently issued reports on EA. Goldman Sachs Group cut Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Oppenheimer reissued a “buy” rating on shares of Electronic Arts in a research note on Friday, November 17th. Zacks Investment Research cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Vetr cut Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a research note on Wednesday, November 29th. Finally, Barclays lowered their price objective on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.34.

Electronic Arts (NASDAQ:EA) opened at $123.77 on Wednesday. The company has a market capitalization of $37,506.70, a price-to-earnings ratio of 38.68, a P/E/G ratio of 2.22 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. Electronic Arts has a 12 month low of $85.23 and a 12 month high of $131.01.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.02 billion. equities analysts forecast that Electronic Arts will post 3.66 EPS for the current year.

In other Electronic Arts news, SVP Vijayanthimala Singh sold 200 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $126.75, for a total value of $25,350.00. Following the completion of the sale, the senior vice president now owns 4,528 shares of the company’s stock, valued at approximately $573,924. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $105.76, for a total transaction of $1,063,734.08. The disclosure for this sale can be found here. Insiders have sold 67,158 shares of company stock valued at $7,546,309 in the last three months. 2.55% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new stake in shares of Electronic Arts during the 4th quarter valued at $129,000. First Bank & Trust bought a new stake in shares of Electronic Arts during the 4th quarter valued at $134,000. Bessemer Group Inc. grew its position in shares of Electronic Arts by 144.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after acquiring an additional 783 shares during the period. Exane Derivatives bought a new stake in shares of Electronic Arts during the 4th quarter valued at $142,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Electronic Arts by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after acquiring an additional 1,063 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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