SunTrust Banks set a $105.00 target price on Electronic Arts (NASDAQ:EA) in a research report report published on Tuesday morning. The firm currently has a buy rating on the game software company’s stock. SunTrust Banks also issued estimates for Electronic Arts’ Q3 2019 earnings at $1.84 EPS, Q4 2019 earnings at $1.41 EPS and FY2019 earnings at $3.92 EPS.

Several other research firms have also recently weighed in on EA. BidaskClub raised shares of Electronic Arts from a sell rating to a hold rating in a research note on Monday, January 7th. Wedbush set a $133.00 target price on shares of Electronic Arts and gave the company a buy rating in a research note on Wednesday, October 31st. Zacks Investment Research reissued a hold rating on shares of Electronic Arts in a research note on Tuesday, November 13th. ValuEngine cut shares of Electronic Arts from a hold rating to a sell rating in a research note on Thursday, November 1st. Finally, Barclays decreased their target price on shares of Electronic Arts from $132.00 to $128.00 and set a buy rating for the company in a research note on Wednesday, October 31st. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $131.36.

Shares of EA stock opened at $90.70 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market cap of $26.86 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.53 and a beta of 1.00. Electronic Arts has a 52 week low of $73.91 and a 52 week high of $151.26.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.46. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. On average, analysts forecast that Electronic Arts will post 3.87 EPS for the current year.

In other news, insider Laura Miele sold 1,250 shares of Electronic Arts stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $79.51, for a total transaction of $99,387.50. Following the completion of the sale, the insider now owns 8,461 shares of the company’s stock, valued at $672,734.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of Electronic Arts stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $92.79, for a total value of $974,295.00. Following the sale, the chief financial officer now directly owns 104,391 shares of the company’s stock, valued at approximately $9,686,440.89. The disclosure for this sale can be found here. Insiders have sold 51,700 shares of company stock valued at $4,525,011 in the last three months. Insiders own 2.24% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of EA. Fulton Bank N.A. raised its stake in Electronic Arts by 2.0% in the fourth quarter. Fulton Bank N.A. now owns 11,061 shares of the game software company’s stock valued at $873,000 after purchasing an additional 215 shares in the last quarter. Palo Capital Inc. raised its stake in Electronic Arts by 2.5% in the third quarter. Palo Capital Inc. now owns 19,504 shares of the game software company’s stock valued at $2,350,000 after purchasing an additional 469 shares in the last quarter. First Hawaiian Bank raised its stake in Electronic Arts by 14.8% in the fourth quarter. First Hawaiian Bank now owns 3,715 shares of the game software company’s stock valued at $293,000 after purchasing an additional 480 shares in the last quarter. Cerebellum GP LLC raised its stake in Electronic Arts by 33.7% in the fourth quarter. Cerebellum GP LLC now owns 2,183 shares of the game software company’s stock valued at $172,000 after purchasing an additional 550 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Electronic Arts by 0.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 61,038 shares of the game software company’s stock valued at $8,608,000 after purchasing an additional 551 shares in the last quarter. 94.78% of the stock is owned by institutional investors.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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