Published: Sat, February 03, 2018
IT&Software | By Alfonso Woods

Electronic Arts (EA) Trading Up 0.8% Following Analyst Upgrade

Electronic Arts (EA) Trading Up 0.8% Following Analyst Upgrade

More extreme high and low levels-80 and 20, or 90 and 10-occur less frequently but indicate stronger momentum. Electronic Arts now has an average rating of "Buy" and an average price target of $115.19.

It seems a few of the Electronic Arts market analysts had things pegged just right for the earnings report. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) rating on Friday, July 28. The rating was maintained by Oppenheimer on Friday, October 14 with "Outperform".

A number of equities analysts have issued reports on EA shares. Piper Jaffray maintained Electronic Arts Inc. The rating was downgraded by Morgan Stanley on Friday, January 12 to "Hold". Electronic Arts has a consensus rating of "Buy" and an average target price of $127.82. BMO Capital Markets maintained Electronic Arts Inc. They set an "overweight" rating and a $129.00 price objective on the stock.

Huntington National Bank decreased Technology Select Sector Spdr (XLK) stake by 7,536 shares to 181,613 valued at $10.73M in 2017Q3.

In the transaction dated January 02, 2018, the great number of shares disposed came courtesy the EVP Global Publishing; Miele Laura disposed a total of 750 shares at an average price of $108.15, amounting to approximately $81,113. Dr Pepper Snapple Group Inc now has $21.55B valuation. This is a measurement over the past three trading sessions that provides an indication of whether the latest recent price movement is following the signal. About 9.08M shares traded or 130.80% up from the average. Dr Pepper Snapple Group, Inc.

Investors sentiment increased to 1.15 in 2017 Q3. It has underperformed by 18.09% the S&P500. Dynex Capital, Inc. (DX) has risen 4.18% since February 1, 2017 and is uptrending. Its up 0.12, from 1.03 in 2017Q2.

In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Monday, November 20th. The game software company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.10. Raymond James Assoc, a Florida-based fund reported 117,973 shares. 664,877 are owned by Boston Prns. Nelson Roberts Advsr Ltd Liability Corporation stated it has 634 shares. Ardsley Advisory Ptnrs has invested 0.03% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) opened at 117.11 on Tuesday. Brinker Capital holds 0.05% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 5,080 shares. Levin Capital Strategies Limited Partnership holds 5,080 shares or 0.01% of its portfolio. Virtus Investment Advisers Inc reported 38,430 shares or 0.48% of all its holdings. Qs Investors Llc has invested 0.01% in Electronic Arts Inc. (NASDAQ:EA) shares. 68,072 shares valued at $8.09M were sold by PROBST LAWRENCE F III on Wednesday, August 16. That puts total institutional holdings at 289,042,021 shares, according to SEC filings. Moreover, Loomis Sayles & Company Ltd Partnership has 0.05% invested in The Boeing Company (NYSE:BA) for 83,108 shares. (NASDAQ:EA). 294,907 are held by Schroder Management Grp. San Francisco Sentry Invest Grp (Ca) invested in 5,967 shares or 0.24% of the stock. First Quadrant LP Ca reported 9,238 shares stake. Arrow Finance has invested 0% in Electronic Arts Inc.

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 $46.22 billion. It has a 37.37 P/E ratio. The Company's games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed. On Monday, October 2 the insider Miele Laura sold $88,626. $935,862 worth of Electronic Arts Inc. On Monday, October 2 the insider Bruzzo Chris sold $177,155. Smith Gregory D sold $4.85 million worth of stock.

Despite the lackluster sales performance of Battlefront 2, Electronic Arts continues to generate copious amounts of cash flow. Schwab Charles Investment Management Inc. owned 0.35% of Electronic Arts worth $114,465,000 at the end of the most recent reporting period. Volume in the last session has decreased compared with VFC's average trading volume. The stock witnessed 20.85% gains, 7.98% gains and 8.59% gains for the 1-month, 3-month and 6-month period, respectively. Wedbush set a $136.00 target price on shares of Electronic Arts and gave the stock a "buy" rating in a report on Wednesday, November 1st. It has outperformed by 29.75% the S&P500.

Among 23 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 8 Hold.

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