The Electronic Arts Inc. (EA) Upgraded at Vetr Inc.

The Electronic Arts Inc. (EA) Upgraded at Vetr Inc.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Electronic Arts from a buy rating to a hold rating in a research report on Tuesday, January 17th. Mizuho reissued an outperform rating and set a $92.00 target price on shares of Electronic Arts in a research report on Monday, January 30th. Macquarie reaffirmed an outperform rating and issued a $88.00 price target on shares of Electronic Arts in a report on Wednesday, February 1st. Robert W. Baird reissued an outperform rating on shares of Electronic Arts in a report on Thursday, May 11th. Finally, Jefferies Group LLC boosted their target price on shares of Electronic Arts from $105.00 to $110.00 and gave the company a buy rating in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Electronic Arts currently has an average rating of Buy and a consensus target price of $102.31.

Vetr upgraded shares of Electronic Arts Inc. (NASDAQ:EA) from a sell rating to a hold rating in a report released on Monday, May 15th. They currently have $109.98 target price on the game software company’s stock.

Electronic Arts (NASDAQ EA) opened at 114.52 on Monday. The company has a market cap of $35.50 billion, a P/E ratio of 37.18 and a beta of 0.65. Electronic Arts has a 12 month low of $71.01 and a 12 month high of $114.94. The firm has a 50-day moving average price of $101.87 and a 200 day moving average price of $88.14. Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 9th. The game software company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.09 billion. Electronic Arts had a net margin of 28.10% and a return on equity of 27.22%. Electronic Arts’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. On average, equities analysts expect that Electronic Arts will post $4.22 earnings per share for the current year.

Electronic Arts (NASDAQ EA) opened at 114.52 on Monday. The company has a market cap of $35.50 billion, a P/E ratio of 37.18 and a beta of 0.65. Electronic Arts has a 12 month low of $71.01 and a 12 month high of $114.94. The firm has a 50-day moving average price of $101.87 and a 200 day moving average price of $88.14. In other Electronic Arts news, CFO Blake J. Jorgensen sold 12,130 shares of Electronic Arts stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $87.32, for a total value of $1,059,191.60. Following the sale, the chief financial officer now directly owns 212,623 shares in the company, valued at approximately $18,566,240.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Denise Warren sold 1,000 shares of Electronic Arts stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $108.84, for a total transaction of $108,840.00. Following the completion of the sale, the director now owns 13,665 shares in the company, valued at $1,487,298.60. The disclosure for this sale can be found here. Insiders have sold a total of 309,958 shares of company stock worth $30,958,844 over the last 90 days. Insiders own 3.46% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America increased its stake in shares of Electronic Arts by 2.9% in the first 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 in the last quarter. Bessemer Group Inc. increased its stake in shares of Electronic Arts by 3,410.0% in the fourth quarter. Bessemer Group Inc. now owns 1,404 shares of the game software company’s stock worth $111,000 after buying an additional 1,364 shares in the last quarter. Invictus RG increased its stake in shares of Electronic Arts by 722.0% in the first 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Electronic Arts during the fourth quarter worth about $118,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Electronic Arts by 270.5% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,630 shares of the game software company’s stock worth $139,000 after buying an additional 1,190 shares during the last quarter. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); To view Vetr’s full report, visit Vetr’s official website.

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