Trading Report: Today, Electronic Arts Inc. (EA) Lowered by Vetr Inc. to Hold

Today, Electronic Arts Inc. (EA) Lowered by Vetr Inc. to Hold

Vetr lowered shares of Electronic Arts Inc. (NASDAQ:EA) from a buy rating to a hold rating in a report issued on Monday. They currently have $81.97 target price on the game software company’s stock.

Several other equities research analysts also recently commented on EA. Jefferies Group reaffirmed a buy rating on shares of Electronic Arts in a report on Monday, August 1st. Piper Jaffray Cos. upped their target price on Electronic Arts from $87.00 to $88.00 and gave the company an overweight rating in a report on Wednesday, August 3rd. MKM Partners upped their target price on Electronic Arts from $87.00 to $88.00 and gave the company a buy rating in a report on Wednesday, August 3rd. Mizuho reaffirmed a buy rating and set a $84.00 target price on shares of Electronic Arts in a report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $88.00 target price on shares of Electronic Arts in a report on Wednesday, August 3rd. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $89.11.

Electronic Arts (NASDAQ:EA) opened at 78.73 on Monday. Electronic Arts has a 52-week low of $53.01 and a 52-week high of $86.07. The company’s 50-day moving average price is $80.53 and its 200 day moving average price is $79.09. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 20.06 and a beta of 0.58.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, November 1st. The game software company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.43 by $0.56. Electronic Arts had a net margin of 27.62% and a return on equity of 23.03%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts predict that Electronic Arts will post $3.70 earnings per share for the current year.

In other Electronic Arts news, CEO Andrew Wilson sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $85.03, for a total value of $4,251,500.00. Following the completion of the sale, the chief executive officer now owns 290,581 shares in the company, valued at approximately $24,708,102.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick Soderlund sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $81.38, for a total value of $651,040.00. Following the completion of the sale, the executive vice president now owns 138,370 shares of the company’s stock, valued at approximately $11,260,550.60. The disclosure for this sale can be found here. Corporate insiders own 3.46% of the company’s stock.

Several hedge funds have recently made changes to their positions in EA. Synovus Financial Corp increased its stake in shares of Electronic Arts by 0.3% in the second quarter. Synovus Financial Corp now owns 5,610 shares of the game software company’s stock worth $426,000 after buying an additional 17 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Electronic Arts by 0.9% in the third quarter. Stratos Wealth Partners LTD. now owns 2,684 shares of the game software company’s stock worth $229,000 after buying an additional 23 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Electronic Arts by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,540 shares of the game software company’s stock worth $815,000 after buying an additional 30 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Electronic Arts by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 3,562 shares of the game software company’s stock worth $270,000 after buying an additional 74 shares in the last quarter. Finally, BOKF NA increased its stake in shares of Electronic Arts by 0.6% in the second quarter. BOKF NA now owns 13,272 shares of the game software company’s stock worth $1,005,000 after buying an additional 80 shares in the last quarter. Institutional investors own 99.28% 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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