New York: Electronic Arts (NASDAQ:EA) Stock Has Just Had Its “Buy” Rating Reiterated by Piper Jaffray. Shares now Have a $130.0 Target

January 22, 2018 - By marketbeat

 New York: Electronic Arts (NASDAQ:EA) Stock Has Just Had Its

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.12, from 1.03 in 2017Q2. It improved, as 35 investors sold Electronic Arts Inc. shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported.

Korea Investment Corporation has 137,200 shares for 0.07% of their portfolio. Citigroup Inc has invested 0.02% in Electronic Arts Inc. (NASDAQ:EA). Advisory Svcs Ntwk Limited Com invested in 0.06% or 4,203 shares. Colony Ltd has 0.02% invested in Electronic Arts Inc. (NASDAQ:EA) for 2,921 shares. Advantus Capital Mngmt Incorporated invested 0.1% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Rampart Investment accumulated 4,208 shares or 0.17% of the stock. The Massachusetts-based Fmr Limited Liability Co has invested 0.46% in Electronic Arts Inc. (NASDAQ:EA). Valley Natl Advisers holds 0% in Electronic Arts Inc. (NASDAQ:EA) or 10 shares. Lombard Odier Asset Mgmt (Europe) Ltd reported 3,750 shares stake. Atria Investments Ltd Company owns 2,935 shares. Goelzer Investment Mgmt holds 0.27% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 19,759 shares. Kepos Limited Partnership owns 17,825 shares. Proshare Ltd Limited Liability Company has invested 0.16% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). 45 were accumulated by Amer Research & Company. British Columbia Inv Mngmt Corporation invested in 196,045 shares or 0.18% of the stock.

Since August 1, 2017, it had 0 insider buys, and 30 selling transactions for $30.68 million activity. The insider Jorgensen Blake J sold 10,000 shares worth $1.17M. $1.19M worth of stock was sold by Wilson Andrew on Monday, October 2. $21,040 worth of Electronic Arts Inc. (NASDAQ:EA) shares were sold by Singh Vijayanthimala. PROBST LAWRENCE F III sold $6.77M worth of stock. Soderlund Patrick sold $935,862 worth of stock or 8,000 shares. Bruzzo Chris also sold $162,767 worth of Electronic Arts Inc. (NASDAQ:EA) shares.

Electronic Arts (NASDAQ:EA) Rating Reaffirmed

Electronic Arts (NASDAQ:EA) just had their share rating of a ‘”Buy”‘ issued by research analysts at Piper Jaffray, who now has a $130.0 target price per share on the $36.33B market cap company or a 10.18 % upside potential. This key information was revealed in an analyst report on Wednesday morning.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.12, from 1.03 in 2017Q2. It improved, as 35 investors sold Electronic Arts Inc. shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported.

Korea Investment Corporation has 137,200 shares for 0.07% of their portfolio. Citigroup Inc has invested 0.02% in Electronic Arts Inc. (NASDAQ:EA). Advisory Svcs Ntwk Limited Com invested in 0.06% or 4,203 shares. Colony Ltd has 0.02% invested in Electronic Arts Inc. (NASDAQ:EA) for 2,921 shares. Advantus Capital Mngmt Incorporated invested 0.1% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Rampart Investment accumulated 4,208 shares or 0.17% of the stock. The Massachusetts-based Fmr Limited Liability Co has invested 0.46% in Electronic Arts Inc. (NASDAQ:EA). Valley Natl Advisers holds 0% in Electronic Arts Inc. (NASDAQ:EA) or 10 shares. Lombard Odier Asset Mgmt (Europe) Ltd reported 3,750 shares stake. Atria Investments Ltd Company owns 2,935 shares. Goelzer Investment Mgmt holds 0.27% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 19,759 shares. Kepos Limited Partnership owns 17,825 shares. Proshare Ltd Limited Liability Company has invested 0.16% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). 45 were accumulated by Amer Research & Company. British Columbia Inv Mngmt Corporation invested in 196,045 shares or 0.18% of the stock.

Since August 1, 2017, it had 0 insider buys, and 30 selling transactions for $30.68 million activity. The insider Jorgensen Blake J sold 10,000 shares worth $1.17M. $1.19M worth of stock was sold by Wilson Andrew on Monday, October 2. $21,040 worth of Electronic Arts Inc. (NASDAQ:EA) shares were sold by Singh Vijayanthimala. PROBST LAWRENCE F III sold $6.77M worth of stock. Soderlund Patrick sold $935,862 worth of stock or 8,000 shares. Bruzzo Chris also sold $162,767 worth of Electronic Arts Inc. (NASDAQ:EA) shares.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 27 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Electronic Arts has $139 highest and $67 lowest target. $116.61’s average target is -1.17% below currents $117.99 stock price. Electronic Arts had 81 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, October 18 the stock rating was maintained by Bank of America with “Buy”. As per Friday, October 30, the company rating was maintained by Mizuho. Stifel Nicolaus maintained the shares of EA in report on Monday, July 10 with “Buy” rating. The firm has “Buy” rating given on Sunday, November 19 by KeyBanc Capital Markets. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Neutral” rating by Wedbush on Wednesday, October 26. On Friday, January 15 the stock rating was upgraded by Bank of America to “Buy”. The stock has “Buy” rating by Benchmark on Wednesday, May 11. Credit Suisse maintained the shares of EA in report on Monday, January 25 with “Outperform” rating. Oppenheimer maintained Electronic Arts Inc. (NASDAQ:EA) rating on Friday, July 28. Oppenheimer has “Buy” rating and $13000 target. The firm earned “Buy” rating on Wednesday, October 11 by Piper Jaffray.

The stock increased 1.56% or $1.81 during the last trading session, reaching $117.99. About 3.87 million shares traded or 5.35% up from the average. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since January 22, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 30. They expect $2.06 EPS, down 15.92 % or $0.39 from last year’s $2.45 per share. EA’s profit will be $634.32M for 14.32 P/E if the $2.06 EPS becomes a reality. After $0.50 actual EPS reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 312.00 % EPS growth.

Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. The company has market cap of $36.33 billion. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. It has a 31.12 P/E ratio. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Benzinga.com which released: “Vetr Crown Upgrades Electronic Arts” on January 17, 2018, also Nasdaq.com with their article: “Options Traders Expect Huge Moves in Electronic Arts (EA) Stock” published on January 15, 2018, Investorplace.com published: “3 Reasons the Electronic Arts Inc. Stock Rally Is Just Getting Started” on January 11, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Investorplace.com and their article: “Should You Buy Electronic Arts Inc. Stock? 3 Pros, 3 Cons” published on January 12, 2018 as well as Seekingalpha.com‘s news article titled: “Electronic Arts: I’m Ignoring The Negativity” with publication date: January 15, 2018.

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