Electronic Arts (NASDAQ:EA) Lowered to “Neutral” Rating by BNP Paribas

BNP Paribas lowered shares of Electronic Arts (NASDAQ:EA) from an outperform rating to a neutral rating in a report released on Monday morning, Marketbeat.com reports. They currently have $125.00 price objective on the game software company’s stock.

Other analysts have also recently issued reports about the stock. Benchmark reaffirmed a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. UBS Group lifted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets downgraded Electronic Arts from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $160.00 to $145.00 in a research report on Thursday, January 23rd. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Finally, Oppenheimer cut their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $158.05.

Electronic Arts Stock Up 1.2 %

EA stock opened at $117.91 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. Electronic Arts has a 12 month low of $115.21 and a 12 month high of $168.50. The firm has a market capitalization of $30.92 billion, a PE ratio of 30.31, a P/E/G ratio of 1.87 and a beta of 0.80. The company’s 50 day simple moving average is $151.51 and its 200-day simple moving average is $148.73.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the sale, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the transaction, the chief executive officer now directly owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This trade represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock worth $3,986,385 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Claro Advisors LLC grew its position in Electronic Arts by 3.4% in the fourth quarter. Claro Advisors LLC now owns 2,285 shares of the game software company’s stock worth $334,000 after buying an additional 75 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of Electronic Arts by 5.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,572 shares of the game software company’s stock valued at $225,000 after buying an additional 76 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Electronic Arts by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after acquiring an additional 82 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Electronic Arts by 1.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock worth $708,000 after acquiring an additional 83 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.