Electronic Arts (NASDAQ:EA) had its price objective lifted by UBS Group from $117.00 to $122.00 in a report published on Wednesday morning, Stock Target Advisor reports. UBS Group currently has a buy rating on the game software company’s stock.

Several other equities analysts have also recently commented on the stock. Barclays reaffirmed an equal weight rating on shares of Electronic Arts in a research report on Tuesday, October 22nd. Piper Jaffray Companies dropped their price objective on shares of Electronic Arts from $112.00 to $106.00 and set an overweight rating on the stock in a research note on Wednesday, October 30th. Jefferies Financial Group set a $100.00 price objective on shares of Electronic Arts and gave the stock a hold rating in a research note on Wednesday, July 31st. Berenberg Bank set a $110.00 price objective on shares of Electronic Arts and gave the stock a buy rating in a research note on Thursday, August 22nd. Finally, Stephens reiterated a buy rating on shares of Electronic Arts in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $108.96.

Shares of EA stock opened at $97.54 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.32 and a current ratio of 3.32. Electronic Arts has a one year low of $73.91 and a one year high of $108.80. The company’s 50-day simple moving average is $96.32 and its 200-day simple moving average is $95.05. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 3.19 and a beta of 0.92.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 29th. The game software company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. Electronic Arts had a net margin of 54.01% and a return on equity of 17.54%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, research analysts forecast that Electronic Arts will post 3.72 EPS for the current year.

In other Electronic Arts news, insider Vijayanthimala Singh sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $92.73, for a total value of $46,365.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $93.91, for a total transaction of $845,190.00. The disclosure for this sale can be found here. Insiders sold 56,900 shares of company stock worth $5,482,636 in the last 90 days. 2.18% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Electronic Arts by 0.8% during the second quarter. Vanguard Group Inc. now owns 22,247,309 shares of the game software company’s stock valued at $2,252,762,000 after acquiring an additional 176,869 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Electronic Arts by 1.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,913,571 shares of the game software company’s stock valued at $969,745,000 after acquiring an additional 187,135 shares during the period. Invesco Ltd. increased its stake in shares of Electronic Arts by 15.7% during the second quarter. Invesco Ltd. now owns 6,715,803 shares of the game software company’s stock valued at $680,043,000 after acquiring an additional 913,279 shares during the period. Waddell & Reed Financial Inc. increased its stake in shares of Electronic Arts by 6.1% during the second quarter. Waddell & Reed Financial Inc. now owns 4,327,338 shares of the game software company’s stock valued at $438,186,000 after acquiring an additional 247,824 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of Electronic Arts by 24,877.3% during the second quarter. Nuveen Asset Management LLC now owns 3,698,642 shares of the game software company’s stock valued at $374,525,000 after acquiring an additional 3,683,834 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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