Equities researchers at Sanford C. Bernstein initiated coverage on shares of Electronic Arts (NASDAQ:EA) in a report released on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $139.00 price target on the game software company’s stock. Sanford C. Bernstein’s price objective points to a potential upside of 19.64% from the company’s previous close.

EA has been the subject of several other reports. Goldman Sachs Group downgraded Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets reduced their target price on Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $128.00 target price on shares of Electronic Arts in a research note on Thursday, October 12th. KeyCorp reiterated a “buy” rating and set a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Finally, Buckingham Research set a $143.00 target price on Electronic Arts and gave the stock a “buy” rating in a research note on Sunday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $122.85.

Shares of Electronic Arts (EA) traded up $0.90 during midday trading on Thursday, hitting $116.18. The stock had a trading volume of 3,515,640 shares, compared to its average volume of 3,490,000. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. Electronic Arts has a one year low of $78.89 and a one year high of $122.79. The company has a market cap of $36,150.00, a P/E ratio of 30.65, a P/E/G ratio of 1.90 and a beta of 0.61.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 31st. The game software company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Electronic Arts had a return on equity of 28.92% and a net margin of 23.35%. equities analysts predict that Electronic Arts will post 3.69 EPS for the current fiscal year.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the completion of the sale, the chief financial officer now directly owns 159,114 shares in the company, valued at approximately $17,956,014.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew Wilson sold 10,058 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total value of $1,144,700.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,516 shares of company stock valued at $7,243,795. Corporate insiders own 2.55% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its holdings in shares of Electronic Arts by 4.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 103,220 shares of the game software company’s stock worth $12,186,000 after buying an additional 4,254 shares in the last quarter. Twin Capital Management Inc. raised its holdings in shares of Electronic Arts by 16.9% during the 3rd quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock worth $10,337,000 after buying an additional 12,640 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Electronic Arts by 65.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after buying an additional 561,322 shares in the last quarter. Moody Lynn & Lieberson LLC raised its holdings in shares of Electronic Arts by 9.3% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 63,565 shares of the game software company’s stock worth $7,504,000 after buying an additional 5,413 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Electronic Arts by 1.5% during the 3rd quarter. Swiss National Bank now owns 1,142,955 shares of the game software company’s stock worth $134,937,000 after buying an additional 17,400 shares in the last quarter. Hedge funds and other institutional investors own 93.53% of the company’s stock.

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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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