Morgan Stanley Initiates Coverage on Electronic Arts(NASDAQ:EA). The shares have been rated Overweight. The rating by Morgan Stanley was issued on Sep 23, 2016.
In a different note, On Aug 3, 2016, Barclays said it Maintains its rating on Electronic Arts. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Overweight’ by the firm.
Electronic Arts (EA) made into the market gainers list on Tuesdays trading session with the shares advancing 2.04% or 1.7 points. Due to strong positive momentum, the stock ended at $85.2, which is also near the day’s high of $85.53. The stock began the session at $83.4 and the volume stood at 24,53,197 shares. The 52-week high of the shares is $85.53 and the 52 week low is $53.01. The company has a current market capitalization of $25,625 M and it has 30,07,64,880 shares in outstanding.
Electronic Arts(EA) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $682.00M. Analysts had an estimated revenue of $652.64M. Earnings per share were $0.07. Analysts had estimated an EPS of $-0.02.
Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Peter R. Moore (EVP & Chief Comp. Officer) sold 10,000 shares at $83.81 per share price.Also, On Sep 2, 2016, Andrew Wilson (Chief Executive Officer) sold 8,000 shares at $81.39 per share price.On Sep 2, 2016, Patrick Soderlund (EVP, EA Studios) sold 8,000 shares at $81.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Electronic Arts Inc is a game software content and services provider. The Company develops markets publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Companys brands include Battlefield Mass Effect Need for Speed Dragon Age The Sims Bejeweled and Plants v. Zombies as well as brands based on licensed intellectual property such as FIFA Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories including the FIFA Madden NFL Need for Speed Battlefield Mass Effect and Dragon Age. The Maxis division creates games and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.