Electronic Arts Inc. (NASDAQ:EA) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $147.04 and last traded at $146.01, with a volume of 139083 shares trading hands. The stock had previously closed at $143.47.

Several brokerages have issued reports on EA. BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Zacks Investment Research upgraded shares of Electronic Arts from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. Barclays reiterated a “buy” rating and issued a $139.00 price target on shares of Electronic Arts in a research note on Wednesday, May 9th. SunTrust Banks set a $140.00 price objective on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Wednesday, May 16th. Finally, Vetr lowered shares of Electronic Arts from a “hold” rating to a “sell” rating and set a $124.90 price objective on the stock. in a research note on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Electronic Arts has an average rating of “Buy” and an average target price of $141.00.

The company has a market cap of $42.70 billion, a P/E ratio of 41.97, a PEG ratio of 2.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.41 and a current ratio of 2.41.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, May 8th. The game software company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.14. Electronic Arts had a net margin of 20.25% and a return on equity of 28.51%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. equities research analysts expect that Electronic Arts Inc. will post 4.26 earnings per share for the current year.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $135.83, for a total value of $1,426,215.00. Following the completion of the sale, the chief financial officer now owns 163,341 shares of the company’s stock, valued at approximately $22,186,608.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $125.77, for a total transaction of $125,770.00. Following the completion of the sale, the senior vice president now directly owns 15,692 shares of the company’s stock, valued at approximately $1,973,582.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,142 shares of company stock worth $23,053,206. 2.55% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MML Investors Services LLC boosted its holdings in Electronic Arts by 3.7% in the 4th quarter. MML Investors Services LLC now owns 11,576 shares of the game software company’s stock valued at $1,216,000 after purchasing an additional 415 shares during the period. Bedell Frazier Investment Counseling LLC boosted its holdings in Electronic Arts by 0.9% in the 1st quarter. Bedell Frazier Investment Counseling LLC now owns 44,270 shares of the game software company’s stock valued at $5,367,000 after purchasing an additional 415 shares during the period. NS Partners Ltd boosted its holdings in Electronic Arts by 1.0% in the 1st quarter. NS Partners Ltd now owns 45,250 shares of the game software company’s stock valued at $5,486,000 after purchasing an additional 430 shares during the period. San Francisco Sentry Investment Group CA boosted its holdings in Electronic Arts by 7.1% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 6,571 shares of the game software company’s stock valued at $797,000 after purchasing an additional 435 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Electronic Arts by 5.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,478 shares of the game software company’s stock valued at $897,000 after purchasing an additional 441 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

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