Today, Electronic Arts Inc. (EA) Rating Decreased to Hold at Vetr Inc.

Today, Electronic Arts Inc. (EA) Rating Decreased to Hold at Vetr Inc.

Electronic Arts Inc. (NASDAQ:EA) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They presently have a $83.46 price objective on the game software company’s stock. Vetr‘s target price would suggest a potential upside of 5.42% from the stock’s previous close.

Several other research analysts have also commented on EA. Jefferies Group reiterated a “buy” rating on shares of Electronic Arts in a report on Monday, July 11th. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price objective on shares of Electronic Arts in a report on Tuesday, July 12th. Macquarie restated an “outperform” rating and issued a $80.00 price objective on shares of Electronic Arts in a report on Friday, July 22nd. Piper Jaffray Cos. boosted their price objective on shares of Electronic Arts from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, August 3rd. Finally, MKM Partners boosted their price objective on shares of Electronic Arts from $87.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $89.11.

Shares of Electronic Arts (NASDAQ:EA) traded down 0.23% on Monday, reaching $79.17. 780,845 shares of the company’s stock traded hands. Electronic Arts has a 52 week low of $53.01 and a 52 week high of $86.07. The firm’s 50 day moving average is $80.67 and its 200 day moving average is $78.92. The firm has a market capitalization of $23890.02 billion, a P/E ratio of 25.79 and a beta of 0.58.

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

In other news, EVP Peter R. Moore sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $83.81, for a total transaction of $838,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Samantha S. Smith sold 2,721 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $76.78, for a total value of $208,918.38. The disclosure for this sale can be found here. 3.46% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in EA. Synovus Financial Corp raised its position 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. raised its position 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 raised its position 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 raised its position 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 raised its position 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 and hedge funds own 97.22% 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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