Electronic Arts (NASDAQ:EA) Given a $121.00 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a $121.00 target price on Electronic Arts (NASDAQ:EA) in a report issued on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the game software company’s stock.

EA has been the subject of a number of other research reports. Zacks Investment Research upgraded Electronic Arts from a hold rating to a buy rating and set a $110.00 price objective for the company in a research report on Tuesday, April 9th. Credit Suisse Group upped their price target on Electronic Arts from $110.00 to $115.00 and gave the stock an outperform rating in a research report on Wednesday, May 8th. William Blair restated an outperform rating on shares of Electronic Arts in a research report on Tuesday, May 7th. BMO Capital Markets reiterated an outperform rating and set a $130.00 price target (up previously from $116.00) on shares of Electronic Arts in a research report on Tuesday, July 2nd. Finally, SunTrust Banks set a $107.00 price target on Electronic Arts and gave the stock a buy rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $113.10.

Shares of NASDAQ:EA opened at $92.89 on Wednesday. The company has a market capitalization of $27.44 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.49 and a beta of 1.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.82 and a current ratio of 3.52. Electronic Arts has a 1 year low of $73.91 and a 1 year high of $134.00. The firm’s fifty day simple moving average is $93.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.43. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Electronic Arts had a return on equity of 19.63% and a net margin of 42.75%. Electronic Arts’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. On average, sell-side analysts expect that Electronic Arts will post 3.66 EPS for the current year.

In other news, CEO Andrew Wilson sold 29,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $101.10, for a total value of $2,931,900.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $2,022,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.76, for a total value of $187,520.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,079 shares of company stock valued at $9,954,960. Corporate insiders own 2.18% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Icon Wealth Partners LLC bought a new position in Electronic Arts during the first quarter valued at approximately $28,000. Valeo Financial Advisors LLC bought a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $28,000. North Star Investment Management Corp. bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $29,000. Ropes Wealth Advisors LLC bought a new stake in shares of Electronic Arts in the 1st quarter valued at approximately $34,000. Finally, Berman Capital Advisors LLC lifted its stake in shares of Electronic Arts by 70.6% in the 1st quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. 93.84% 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, 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.

Further Reading: Bear Market

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.