Electronic Arts Inc. (NASDAQ:EA)‘s stock had its “hold” rating reiterated by BMO Capital Markets in a research note issued on Tuesday. They presently have a $75.00 price objective on the game software company’s stock. BMO Capital Markets’ target price would indicate a potential downside of 5.48% from the company’s previous close.

A number of other equities analysts also recently issued reports on EA. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $88.00 price target on shares of Electronic Arts in a research report on Wednesday, August 3rd. Vetr raised Electronic Arts from a “sell” rating to a “hold” rating and set a $79.72 price target on the stock in a research report on Monday, July 25th. MKM Partners upped their price target on Electronic Arts from $87.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Mizuho reaffirmed a “buy” rating and set a $84.00 price target on shares of Electronic Arts in a research report on Wednesday, August 3rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $94.00 price target (up from $88.00) on shares of Electronic Arts in a research report on Thursday, November 3rd. Seven investment 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 stock. The company has an average rating of “Buy” and a consensus target price of $89.11.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Electronic Arts (NASDAQ:EA) opened at 79.35 on Tuesday. The stock has a 50 day moving average price of $80.96 and a 200-day moving average price of $78.82. The stock has a market capitalization of $23.94 billion, a P/E ratio of 20.22 and a beta of 0.58. Electronic Arts has a 1-year low of $53.01 and a 1-year high of $86.07.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share (EPS) 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 firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Equities research analysts expect that Electronic Arts will post $3.70 EPS for the current year.

In other news, EVP Joel Linzner sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $85.34, for a total transaction of $682,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $4,251,500.00. Following the sale, the chief executive officer now owns 290,581 shares of the company’s stock, valued at approximately $24,708,102.43. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in EA. Handelsbanken Fonder AB increased its stake in shares of Electronic Arts by 25.0% in the second quarter. Handelsbanken Fonder AB now owns 75,000 shares of the game software company’s stock worth $5,682,000 after buying an additional 15,000 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Electronic Arts by 3.0% in the second quarter. Nisa Investment Advisors LLC now owns 95,051 shares of the game software company’s stock worth $7,201,000 after buying an additional 2,790 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Electronic Arts by 23.7% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 41,279 shares of the game software company’s stock worth $3,127,000 after buying an additional 7,900 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Electronic Arts by 1.3% in the second quarter. Capstone Asset Management Co. now owns 20,499 shares of the game software company’s stock worth $1,553,000 after buying an additional 270 shares in the last quarter. Finally, First Western Capital Management Co purchased a new stake in shares of Electronic Arts during the second quarter worth about $1,091,000. Institutional investors and hedge funds own 97.22% 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.

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