Electronic Arts Inc. (EA) Stock Rating Lowered by BidaskClub
Electronic Arts Inc. (NASDAQ:EA) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.
A number of other equities research analysts have also recently issued reports on EA. Benchmark Co. upped their price objective on Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Credit Suisse Group reiterated a “buy” rating and set a $114.00 price objective on shares of Electronic Arts in a research note on Sunday, May 28th. Vetr cut Electronic Arts from a “buy” rating to a “hold” rating and set a $109.98 price objective on the stock. in a research note on Monday, May 22nd. KeyCorp reiterated a “buy” rating and set a $134.00 price objective on shares of Electronic Arts in a research note on Friday, August 25th. Finally, Zacks Investment Research cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $117.01.
Electronic Arts (NASDAQ EA) opened at 119.60 on Tuesday. The firm’s 50-day moving average price is $117.82 and its 200 day moving average price is $104.90. Electronic Arts has a one year low of $73.74 and a one year high of $122.79. The firm has a market cap of $36.92 billion, a P/E ratio of 32.02 and a beta of 0.68.
Electronic Arts (NASDAQ:EA) last released its earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.22. The firm had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. On average, equities research analysts forecast that Electronic Arts will post $4.24 EPS for the current year.
In other news, CEO Andrew Wilson sold 100,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $111.31, for a total transaction of $11,131,000.00. Following the sale, the chief executive officer now directly owns 100,000 shares of the company’s stock, valued at approximately $11,131,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $117.14, for a total value of $1,171,400.00. Following the sale, the chief financial officer now directly owns 199,614 shares in the company, valued at $23,382,783.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 345,097 shares of company stock worth $39,716,378. 2.55% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America lifted its position in shares of Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after buying an additional 34 shares during the last quarter. Invictus RG lifted its position in shares of Electronic Arts by 722.0% during the 1st quarter. Invictus RG now owns 1,307 shares of the game software company’s stock worth $117,000 after buying an additional 1,148 shares during the last quarter. D. Scott Neal Inc. bought a new stake in shares of Electronic Arts during the 2nd quarter worth $120,000. Tower Research Capital LLC TRC lifted 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 worth $149,000 after buying an additional 1,063 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Electronic Arts during the 2nd quarter worth $195,000. Institutional investors and hedge funds own 93.89% of the company’s stock.
Electronic Arts Company Profile
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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