Electronic Arts (NASDAQ:EA) Stock Rating Lowered by StockNews.com

Electronic Arts (NASDAQ:EA) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Several other equities analysts have also recently weighed in on EA. Bank of America lifted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Roth Mkm reduced their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, UBS Group boosted their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus price target of $155.24.

Electronic Arts Stock Up 1.2 %

EA opened at $132.00 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $34.62 billion, a PE ratio of 33.93, a P/E/G ratio of 2.50 and a beta of 0.79. The stock’s fifty day moving average is $144.69 and its 200-day moving average is $147.43. Electronic Arts has a one year low of $115.21 and a one year high of $168.50.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 18.56% and a net margin of 14.12%. On average, equities analysts predict that Electronic Arts will post 5.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. The trade was a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the completion of the transaction, the executive vice president now owns 23,360 shares in the company, valued at approximately $3,814,688. This represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,500 shares of company stock worth $3,562,510 in the last 90 days. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in shares of Electronic Arts in the second quarter worth $749,000. Czech National Bank boosted its stake in shares of Electronic Arts by 5.6% during the 3rd quarter. Czech National Bank now owns 48,976 shares of the game software company’s stock worth $7,025,000 after buying an additional 2,616 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Electronic Arts by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,577 shares of the game software company’s stock valued at $657,000 after acquiring an additional 1,426 shares in the last quarter. Mather Group LLC. increased its position in shares of Electronic Arts by 18.5% in the third quarter. Mather Group LLC. now owns 1,024 shares of the game software company’s stock valued at $147,000 after acquiring an additional 160 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in Electronic Arts during the third quarter worth about $216,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.