Electronic Arts Inc. (EA) Rating Reiterated by KeyCorp
KeyCorp reissued their buy rating on shares of Electronic Arts Inc. (NASDAQ:EA) in a research report sent to investors on Sunday. They currently have a $134.00 price target on the game software company’s stock.
A number of other equities analysts have also weighed in on EA. BMO Capital Markets dropped their price target on shares of Electronic Arts from $100.00 to $97.00 and set a market perform rating for the company in a research report on Thursday, November 2nd. Jefferies Group LLC reiterated a buy rating and issued a $135.00 price target on shares of Electronic Arts in a research report on Thursday, August 31st. Piper Jaffray Companies reiterated a buy rating and issued a $128.00 price target on shares of Electronic Arts in a research report on Thursday, October 12th. BidaskClub upgraded shares of Electronic Arts from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Finally, Bank of America Corporation upgraded shares of Electronic Arts from a neutral rating to a buy rating and set a $131.00 price target for the company in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $123.38.
Shares of Electronic Arts (NASDAQ EA) opened at $107.32 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The stock has a market cap of $33,130.00, a P/E ratio of 27.67, a P/E/G ratio of 1.76 and a beta of 0.65. Electronic Arts has a 12-month low of $73.74 and a 12-month high of $122.79.
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In other news, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total value of $120,770.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence F. Probst III sold 55,850 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the completion of the transaction, the director now owns 171,123 shares in the company, valued at $20,736,685.14. The disclosure for this sale can be found here. In the last three months, insiders sold 123,524 shares of company stock worth $14,647,265. Insiders own 2.55% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Electronic Arts by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock worth $149,000 after purchasing an additional 1,063 shares during the last quarter. Bessemer Group Inc. grew its holdings in Electronic Arts by 144.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after acquiring an additional 783 shares in the last quarter. Dupont Capital Management Corp bought a new position in Electronic Arts during the 3rd quarter worth about $183,000. Captrust Financial Advisors bought a new position in Electronic Arts during the 2nd quarter worth about $195,000. Finally, GHP Investment Advisors Inc. bought a new position in Electronic Arts during the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 93.59% 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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