Published On: Sun, Sep 18th, 2016

Electronic Arts Inc. (EA) Raised to “Buy” at Vetr Inc.

Electronic Arts Inc. (NASDAQ:EA) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $84.80 price target on the game software company’s stock. Vetr‘s target price points to a potential upside of 2.30% from the stock’s previous close.
A number of other brokerages have also issued reports on EA. BMO Capital Markets reissued a “hold” rating on shares of Electronic Arts in a research report on Thursday, June 16th. Argus reissued a “hold” rating on shares of Electronic Arts in a research report on Sunday, August 21st. Jefferies Group reissued a “buy” rating on shares of Electronic Arts in a research report on Monday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target on shares of Electronic Arts in a research report on Tuesday, July 12th. Finally, Macquarie reaffirmed an “outperform” rating and set a $80.00 price target on shares of Electronic Arts in a research report on Friday, July 22nd. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $87.09.
Electronic Arts (NASDAQ:EA) traded down 0.58% during midday trading on Monday, hitting $82.89. The stock had a trading volume of 3,732,351 shares. The firm has a 50-day moving average price of $79.92 and a 200-day moving average price of $72.66. Electronic Arts has a 1-year low of $53.01 and a 1-year high of $84.45. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 23.35 and a beta of 0.72.

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Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, August 2nd. The game software company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. Electronic Arts had a return on equity of 24.97% and a net margin of 25.85%. The business had revenue of $682 million for the quarter, compared to analysts’ expectations of $652.64 million. During the same quarter in the previous year, the business posted $0.15 EPS. Electronic Arts’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Electronic Arts will post $3.63 earnings per share for the current year.
In other news, EVP Peter R. Moore sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $83.81, for a total transaction of $838,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Soderlund sold 8,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $81.38, for a total value of $651,040.00. Following the transaction, the executive vice president now directly owns 138,370 shares of the company’s stock, valued at approximately $11,260,550.60. The disclosure for this sale can be found here. Insiders own 3.46% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in Electronic Arts by 13.6% in the second quarter. FMR LLC now owns 29,807,407 shares of the game software company’s stock worth $2,258,208,000 after buying an additional 3,570,117 shares during the period. Vanguard Group Inc. boosted its position in shares of Electronic Arts by 0.8% in the second quarter. Vanguard Group Inc. now owns 26,751,707 shares of the game software company’s stock worth $2,026,708,000 after buying an additional 202,429 shares during the last quarter. Jackson Square Partners LLC boosted its position in shares of Electronic Arts by 14.3% in the first quarter. Jackson Square Partners LLC now owns 12,098,912 shares of the game software company’s stock worth $885,415,000 after buying an additional 1,509,427 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Electronic Arts by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 11,877,969 shares of the game software company’s stock worth $899,870,000 after buying an additional 254,752 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Electronic Arts by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,194,060 shares of the game software company’s stock worth $620,782,000 after buying an additional 191,899 shares during the last quarter.
Electronic Arts Company Profile
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v.

To view Vetr’s full report, visit Vetr’s official website.

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