Credit Suisse reaffirmed their outperform rating on shares of Electronic Arts Inc. (NASDAQ:EA) in a report published on Monday, Market Beat Ratings reports. They currently have a $90.00 price objective on the game software company’s stock.

Several other brokerages have also commented on EA. Mizuho upped their price objective on shares of Electronic Arts from $75.00 to $84.00 and gave the stock a buy rating in a report on Friday, October 30th. MKM Partners upped their price objective on shares of Electronic Arts from $82.00 to $84.00 and gave the stock a buy rating in a report on Friday, October 30th. Stifel Nicolaus upped their price objective on shares of Electronic Arts from $80.00 to $81.00 and gave the stock a buy rating in a report on Monday, October 26th. Wedbush restated a buy rating and issued a $84.00 price objective on shares of Electronic Arts in a report on Sunday, October 25th. Finally, Zacks Investment Research upgraded shares of Electronic Arts from a hold rating to a buy rating and set a $83.00 price objective for the company in a report on Tuesday, October 27th. Two analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Electronic Arts has a consensus rating of Buy and a consensus price target of $80.22.

Electronic Arts (NASDAQ:EA) traded up 1.47% on Monday, reaching $70.95. 1,877,839 shares of the company traded hands. The stock’s 50 day moving average price is $67.69 and its 200 day moving average price is $69.68. The company has a market capitalization of $22.05 billion and a PE ratio of 28.07. Electronic Arts has a one year low of $48.22 and a one year high of $76.92.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Thursday, October 29th. The game software company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.20. The company earned $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.73 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities research analysts predict that Electronic Arts will post $3.10 EPS for the current fiscal year.

In other news, CEO Andrew Wilson sold 8,000 shares of Electronic Arts stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $73.53, for a total transaction of $588,240.00. Following the sale, the chief executive officer now owns 272,118 shares in the company, valued at $20,008,836.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Blake J. Jorgensen sold 7,300 shares of Electronic Arts stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of $69.42, for a total transaction of $506,766.00. Following the sale, the chief financial officer now owns 102,446 shares in the company, valued at approximately $7,111,801.32. The disclosure for this sale can be found here.

A number of large investors have made changes to their positions in the company. River & Mercantile Asset Management acquired a new stake in shares of Electronic Arts during the fourth quarter valued at $75,000. Quantitative Systematic Strategies boosted its stake in shares of Electronic Arts by 59.2% in the fourth quarter. Quantitative Systematic Strategies now owns 5,911 shares of the game software company’s stock valued at $411,000 after buying an additional 2,197 shares in the last quarter. Raymond James Trust boosted its stake in shares of Electronic Arts by 11.0% in the fourth quarter. Raymond James Trust now owns 6,040 shares of the game software company’s stock valued at $415,000 after buying an additional 600 shares in the last quarter. Commonwealth Equity Services boosted its stake in shares of Electronic Arts by 43.3% in the fourth quarter. Commonwealth Equity Services now owns 6,116 shares of the game software company’s stock valued at $420,000 after buying an additional 1,849 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Electronic Arts by 95.7% in the fourth quarter. Creative Planning now owns 6,616 shares of the game software company’s stock valued at $455,000 after buying an additional 3,236 shares in the last quarter.

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 Company’s 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.

12 Month Chart for NASDAQ:EA

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