Electronic Arts Inc. (NASDAQ:EA) has been assigned a consensus rating of “Buy” from the thirty ratings firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $122.17.

A number of equities analysts recently weighed in on EA shares. KeyCorp reaffirmed a “buy” rating and set a $134.00 price objective on shares of Electronic Arts in a research report on Friday, August 25th. Jefferies Group reaffirmed a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research report on Thursday, August 31st. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Cowen reissued a “hold” rating and issued a $106.00 price target on shares of Electronic Arts in a research report on Friday, September 8th. Finally, Goldman Sachs Group started coverage on shares of Electronic Arts in a research report on Friday, September 8th. They issued a “buy” rating and a $136.00 price target for the company.

Electronic Arts (NASDAQ:EA) traded up $1.45 during trading hours on Friday, hitting $108.45. 2,650,958 shares of the company were exchanged, compared to its average volume of 2,981,127. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a market cap of $33,480.00, a PE ratio of 27.59, a P/E/G ratio of 1.76 and a beta of 0.61. Electronic Arts has a 1 year low of $77.94 and a 1 year high of $122.79.

In related news, CEO Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $118.04, for a total transaction of $1,187,246.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Friday, October 20th. The stock was sold at an average price of $113.60, for a total transaction of $113,600.00. Following the sale, the senior vice president now owns 20,950 shares in the company, valued at $2,379,920. The disclosure for this sale can be found here. Insiders sold a total of 66,874 shares of company stock worth $7,451,521 over the last 90 days. Company insiders own 2.55% of the company’s stock.

A number of large investors have recently made changes to their positions in EA. FMR LLC boosted its holdings in shares of Electronic Arts by 0.7% in the second quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock valued at $3,244,778,000 after acquiring an additional 205,768 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Electronic Arts by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 4,203,946 shares of the game software company’s stock valued at $496,317,000 after acquiring an additional 25,397 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Electronic Arts by 1.2% in the second quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock valued at $362,804,000 after acquiring an additional 40,722 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Electronic Arts by 7.8% in the third quarter. American Century Companies Inc. now owns 2,712,104 shares of the game software company’s stock valued at $320,191,000 after acquiring an additional 196,228 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Electronic Arts by 928.4% in the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after acquiring an additional 2,334,600 shares in the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

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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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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