Analysts Set Electronic Arts Inc. (EA) PT at $120.52

Alfred Osborne
January 13, 2018

The company had a trading volume of 3,463,900 shares, compared to its average volume of 3,730,000. KKR & Co. L.P. (NYSE:KKR) has risen 43.92% since January 12, 2017 and is uptrending. It has outperformed by 29.75% the S&P500. Nisa Investment Advisors LLC lifted its stake in shares of Electronic Arts by 0.7% in the 4th quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company's stock valued at $157,000 after acquiring an additional 783 shares during the period. The institutional investor held 1.73 million shares of the precious metals company at the end of 2017Q3, valued at $3.37M, up from 1.12M at the end of the previous reported quarter. Metropolitan Life Insurance Company who had been investing in Electronic Arts Inc for a number of months, seems to be less bullish one the $34.49 billion market cap company.

Electronic Arts (EA) traded up $1.13 during trading on Monday, hitting $113.13. About 2.79 million shares traded. The original version of this article can be viewed at https://stocknewstimes.com/2018/01/12/sit-investment-associates-inc-grows-position-in-electronic-arts-inc-ea.html. It has outperformed by 29.75% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 30 selling transactions for $30.68 million activity. Finally, Sit Investment Associates Inc. boosted its position in shares of Electronic Arts by 11.5% during the 4th quarter. Schatz Jacob J. sold $120,770 worth of Electronic Arts Inc. The shares were sold at an average price of $112.85, for a total transaction of $1,184,925.00. The insider Moss Kenneth A sold $583,595.

In other news, insider Andrew Wilson sold 10,058 shares of the business's stock in a transaction dated Wednesday, November 1st.

Investors sentiment increased to 1.15 in 2017 Q3. It improved, as 35 investors sold EA shares while 217 reduced holdings.

A number of other hedge funds also recently made changes to their positions in EA. About 1.66 million shares traded.

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Over the past 50 days, Electronic Arts Inc. stock was -5.66% off of the high and 13.48% removed from the low. Public Employees Retirement Association Of Colorado owns 0.05% invested in Electronic Arts Inc.

Several large investors have recently bought and sold shares of EA. (NASDAQ:EA) for 13,098 shares. Moreover, Caldwell Orkin has 1.27% invested in Electronic Arts Inc. Farmers & Merchants holds 0% or 92 shares in its portfolio. 73,672 were reported by Fjarde Ap. Intrust State Bank Na stated it has 2,126 shares. Commonwealth Bank of Australia lifted its position in shares of Electronic Arts by 491.4% in the 2nd quarter. The Street has a $127.56 target price on the shares for the next 12-18 months. $354,092 worth of Electronic Arts Inc. (NASDAQ:EA) for 8,045 shares. Trexquant Ltd Partnership holds 0.07% or 2,484 shares in its portfolio. Guggenheim Cap Limited Liability Company holds 0.18% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Wedge Cap Management L LP Nc holds 0.31% of its portfolio in Electronic Arts Inc. Gabelli & Inv Advisers accumulated 120,410 shares. The fund owned 57,755 shares of the game software company's stock after purchasing an additional 5,940 shares during the period. Braun Stacey Assocs invested 1.06% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 334,022 shares. They expect $2.06 EPS, down 15.92% or $0.39 from last year's $2.45 per share.

Among 26 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 2 Hold. Therefore 38% are positive. $8.09M worth of Electronic Arts Inc. The firm has "Neutral" rating by Mizuho given on Wednesday, February 1. As per Wednesday, February 1, the company rating was maintained by Mizuho. The company was downgraded on Monday, October 24 by Bank of America. The firm has "Buy" rating given on Thursday, September 14 by Robert W. Baird. BMO Capital Markets dropped their price target on Electronic Arts from $100.00 to $97.00 and set a "market perform" rating for the company in a research note on Thursday, November 2nd. M Partners upgraded the stock to "Buy" rating in Wednesday, October 14 report. Morgan Stanley restated an overweight rating and set a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Brown Brothers Harriman And reported 112 shares or 0% of all its holdings. FB's profit will be $5.64 billion for 23.11 P/E if the $1.94 EPS becomes a reality. After $1.09 actual EPS reported by MetLife, Inc. for the previous quarter, Wall Street now forecasts 1.83% EPS growth. $6.53M worth of Facebook, Inc. On Tuesday, October 10 Schroepfer Michael Todd sold $6.53 million worth of Facebook, Inc. (NASDAQ:FB) shares were sold by Zuckerberg Mark. FISCHER DAVID B. also sold $2.75M worth of Facebook, Inc. KAPLAN GILLA sold $1.01M worth of Celgene Corporation (NASDAQ:CELG) on Wednesday, August 2. Shares for $109.70M were sold by Koum Jan on Wednesday, August 30. Facebook had 216 analyst reports since July 21, 2015 according to SRatingsIntel. Finally, SunTrust Banks assumed coverage on shares of Electronic Arts in a report on Tuesday, October 10th. JP Morgan maintained Greene King plc (LON:GNK) on Friday, December 4 with "Overweight" rating.

Analysts await Electronic Arts Inc. The rating was maintained by Cowen & Co with "Hold" on Thursday, July 27. As per Monday, July 17, the company rating was maintained by Stifel Nicolaus. (NASDAQ:EA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. Stifel Nicolaus maintained it with "Buy" rating and $12400 target in Monday, July 10 report. On Sunday, November 19 the stock rating was maintained by KeyBanc Capital Markets with "Buy". The firm has "Buy" rating by Credit Suisse given on Friday, May 26.

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