Sci-tech

Bank of America Upgrades Rating On Electronic Arts Inc. (EA)

Bank of America Upgrades Rating On Electronic Arts Inc. (EA)”

The Company's clients include national and worldwide enterprises across various industries, such as technology, Internet, content providers, cloud providers, media, communications, healthcare and financial services.

The stock of Electronic Arts Inc.

(NASDAQ:EA) shares saw light trading volume with 193K shares changing hands on Wednesday. The 1-year high was reported on Jul, 26 by Barchart.com. After this trade, the CFO has an ownership of 239,614 company stock worth at roughly $25,054,039.84. (NASDAQ:EA). United Kingdom-based Lombard Odier Asset Management (Europe) has invested 0.11% in Electronic Arts Inc.

Since February 1, 2017, it had 0 insider purchases, and 43 selling transactions for $60.36 million activity. Schatz Jacob J. sold $195,353 worth of stock. HOAG JAY C also sold $754,375 worth of Electronic Arts Inc.

More recent Electronic Arts Inc. (NASDAQ:EA) for 3,551 shares.

In related news, CEO Andrew Wilson sold 108,000 shares of the stock in a transaction on Monday, May 1st. Electronic Arts has a 52 week low of $73.74 and a 52 week high of $116.04. Pacific Crest reinitiated Electronic Arts Inc.

Several equities research analysts recently commented on EA shares. Bb&T Corp holds 0.05% or 31,355 shares. EA's profit will be $43.31 million for 207.57 P/E if the $0.14 EPS becomes a reality. During the same quarter in the prior year, the company posted $0.50 earnings per share. (NASDAQ:EA) recently. Andrew Wilson, CEO sold $11,148,000 worth of shares at an average price of $111.48 on Friday the 16th. Therefore 95% are positive. Electronic Arts had 44 analyst reports since July 28, 2015 according to SRatingsIntel.

Jag Capital Management LLC reduced its stake in Electronic Arts Inc. On Wednesday, November 2 the stock rating was maintained by Mizuho with "Neutral". The rating was maintained by BMO Capital Markets on Monday, June 12 with "Hold". The firm has "Outperform" rating given on Thursday, November 12 by Oppenheimer. Zacks Investment Research lowered Electronic Arts from a "buy" rating to a "hold" rating in a research report on Tuesday, April 4th. M Partners upgraded it to "Buy" rating and $82 target in Wednesday, October 14 report. They set a "buy" rating and a $130.00 target price on the stock.

Today, Electronic Arts (NASDAQ:EA) stock received an upgrade by Bank of America Corporation from Neutral to Buy with a price target of $131.00. Credit Suisse has "Buy" rating and $11400 target. Hilliard Lyons downgraded Electronic Arts Inc. (NASDAQ:EA) rating on Wednesday, November 2.

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The company has market cap of $36.50 billion. 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. It has a 40.84 P/E ratio. This buyback authorization allows the game software company to repurchase up to 45% of its shares through open market purchases.

Investors sentiment increased to 0.85 in Q4 2016. Its up 0.04, from 0.81 in 2016Q3. It improved, as 71 investors sold Electronic Arts Inc. shares while 214 reduced holdings. 65 funds opened positions while 178 raised stakes. LINZNER JOEL also sold $1.00 million worth of Electronic Arts Inc.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 9th. (NASDAQ:EA) rating on Friday, May 26. Piper Jaffray maintained the shares of EA in report on Monday, August 10 with "Overweight" rating. Jennison Associates Limited Liability owns 1.56M shares or 0.14% of their U.S. portfolio. Vanguard Group increased its position in stocks of Electronic Arts by 8.8% in the Q1.

Want to see what other investment firms are holding EA? Paloma Prtnrs Mgmt Co reported 39,484 shares or 0.03% of all its holdings. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 29,631,771 shares of the stock are valued at $3.37 billion.

WARNING: "Electronic Arts (NASDAQ:EA) Given News Sentiment Score of 0.52" was posted by Chaffey Breeze and is owned by of Chaffey Breeze. California-based Clifford Swan Invest Counsel Ltd Liability Corporation has invested 0.02% in Electronic Arts Inc. (NASDAQ:EA). Victory Cap Inc accumulated 516,916 shares or 0.1% of the stock. 203.87 million shares or 2.36% less from 208.81 million shares in 2016Q3 were reported.

Lvm Capital Management Ltd Mi holds 4.47% of its portfolio in DuPont Fabros Technology, Inc. for 368,590 shares. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued. Moreover, Aew Capital Management L P has 2.47% invested in the company for 2.35 million shares. The hedge fund run by Guy Shahar held 200,000 shares of the prepackaged software company at the end of 2016Q4, valued at $403,000, down from 397,338 at the end of the previous reported quarter. About 39,158 shares traded. Daktronics, Inc. (NASDAQ:DAKT) has risen 24.81% since July 26, 2016 and is uptrending.

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