Electronic Arts (NASDAQ:EA) Earns Hold Rating from Analysts at Jefferies Financial Group

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Jefferies Financial Group began coverage on shares of Electronic Arts (NASDAQ:EA) in a research report released on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $100.00 target price on the game software company’s stock. Jefferies Financial Group also issued estimates for Electronic Arts’ Q2 2020 earnings at $0.62 EPS, Q3 2020 earnings at $1.93 EPS and Q4 2020 earnings at $1.23 EPS.

EA has been the subject of several other research reports. Credit Suisse Group set a €92.00 ($106.98) price objective on Bayerische Motoren Werke and gave the company a buy rating in a report on Wednesday, May 8th. BMO Capital Markets set a $75.00 price objective on Westlake Chemical and gave the company a hold rating in a report on Tuesday, July 2nd. Nomura cut Korea Electric Power from a buy rating to a neutral rating in a report on Thursday, June 6th. Stephens set a $120.00 price objective on Electronic Arts and gave the company a buy rating in a report on Monday, June 24th. Finally, Barclays reissued a sell rating and issued a $17.00 price objective on shares of Infineon Technologies in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $113.11.

Electronic Arts stock opened at $92.82 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a market cap of $27.54 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. Electronic Arts has a 1-year low of $73.91 and a 1-year high of $151.26. The stock has a fifty day simple moving average of $94.89.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.43. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that Electronic Arts will post 3.77 EPS for the current year.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 5,200 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $91.79, for a total transaction of $477,308.00. Following the transaction, the chief financial officer now directly owns 111,379 shares in the company, valued at $10,223,478.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew Bilbey sold 600 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $102.65, for a total value of $61,590.00. Following the transaction, the executive vice president now owns 10,773 shares in the company, valued at $1,105,848.45. The disclosure for this sale can be found here. Insiders have sold 102,544 shares of company stock worth $10,006,838 over the last 90 days. 2.18% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Altman Advisors Inc. increased its holdings in Electronic Arts by 4.7% in the second quarter. Altman Advisors Inc. now owns 17,851 shares of the game software company’s stock valued at $1,808,000 after buying an additional 806 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Electronic Arts by 10.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 985,787 shares of the game software company’s stock valued at $99,820,000 after buying an additional 93,103 shares during the last quarter. Evolution Wealth Advisors LLC increased its holdings in Electronic Arts by 14.7% in the second quarter. Evolution Wealth Advisors LLC now owns 1,729 shares of the game software company’s stock valued at $175,000 after buying an additional 221 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in Electronic Arts by 4.6% in the second quarter. Xact Kapitalforvaltning AB now owns 57,782 shares of the game software company’s stock valued at $5,851,000 after buying an additional 2,530 shares during the last quarter. Finally, Patten & Patten Inc. TN increased its holdings in Electronic Arts by 16.6% in the second quarter. Patten & Patten Inc. TN now owns 14,437 shares of the game software company’s stock valued at $1,462,000 after buying an additional 2,060 shares during the last quarter. 93.64% of the stock is currently owned by institutional investors and hedge funds.

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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