SunTrust Banks set a $130.00 target price on Electronic Arts (NASDAQ:EA) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the game software company’s stock. SunTrust Banks also issued estimates for Electronic Arts’ FY2018 earnings at $3.62 EPS.

Other equities analysts also recently issued reports about the stock. Oppenheimer reissued a buy rating on shares of Electronic Arts in a report on Friday, November 17th. Goldman Sachs Group downgraded shares of Electronic Arts from a conviction-buy rating to a buy rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Electronic Arts from a buy rating to a hold rating in a report on Thursday, October 26th. Vetr downgraded shares of Electronic Arts from a strong-buy rating to a buy rating and set a $121.82 price target on the stock. in a report on Wednesday, November 29th. Finally, Barclays cut their price target on shares of Electronic Arts from $129.00 to $127.00 and set an overweight rating on the stock in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $122.26.

Shares of Electronic Arts (EA) opened at $113.13 on Friday. Electronic Arts has a one year low of $78.89 and a one year high of $122.79. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. The stock has a market cap of $34,930.00, a price-to-earnings ratio of 29.85, a PEG ratio of 1.86 and a beta of 0.61.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, October 31st. The game software company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. research analysts expect that Electronic Arts will post 3.69 earnings per share for the current year.

In other news, CFO Blake J. Jorgensen sold 10,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total value of $1,002,700.00. Following the sale, the chief financial officer now directly owns 169,614 shares of the company’s stock, valued at $17,007,195.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $112.85, for a total transaction of $1,184,925.00. Following the completion of the sale, the chief financial officer now directly owns 159,114 shares in the company, valued at $17,956,014.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,516 shares of company stock worth $7,357,395. Insiders own 2.55% of the company’s stock.

Several institutional investors have recently made changes to their positions in EA. Renaissance Technologies LLC increased its position 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 worth $273,399,000 after purchasing an additional 2,334,600 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Electronic Arts in the third quarter worth approximately $148,789,000. Arrowstreet Capital Limited Partnership increased its position in shares of Electronic Arts by 145.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock worth $127,793,000 after purchasing an additional 715,862 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Electronic Arts by 65.0% in the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after purchasing an additional 561,322 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Electronic Arts by 49.6% in the third quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock worth $185,358,000 after purchasing an additional 520,560 shares during the last quarter. 93.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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