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.
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.
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.
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