Electronic Arts Inc. (NASDAQ:EA) had its target price lowered by equities research analysts at BMO Capital Markets from $100.00 to $97.00 in a research note issued on Thursday. The firm presently has a “market perform” rating on the game software company’s stock. BMO Capital Markets’ price objective suggests a potential downside of 18.90% from the company’s previous close.

A number of other equities research analysts have also recently commented on EA. Stifel Nicolaus reissued a “buy” rating on shares of Electronic Arts in a research note on Monday, July 17th. Needham & Company LLC initiated coverage on Electronic Arts in a research note on Monday, July 17th. They issued a “buy” rating and a $130.00 price objective for the company. BidaskClub raised Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Bank of America Corporation raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 target price (up previously from $123.00) on shares of Electronic Arts in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $123.38.

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In related news, Director Lawrence F. Probst III sold 68,072 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $118.83, for a total transaction of $8,088,995.76. Following the sale, the director now directly owns 176,348 shares in the company, valued at approximately $20,955,432.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence F. Probst III sold 55,850 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total value of $6,767,903.00. Following the sale, the director now owns 171,123 shares in the company, valued at $20,736,685.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 179,038 shares of company stock worth $21,345,710. 2.55% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. ProVise Management Group LLC increased its stake in Electronic Arts by 0.8% in the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock worth $458,000 after acquiring an additional 36 shares during the last quarter. NEXT Financial Group Inc increased its stake in Electronic Arts by 0.6% in the 2nd quarter. NEXT Financial Group Inc now owns 12,316 shares of the game software company’s stock worth $1,302,000 after acquiring an additional 70 shares during the last quarter. Veritable L.P. increased its stake in Electronic Arts by 1.5% in the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after acquiring an additional 113 shares during the last quarter. Great Lakes Advisors LLC increased its stake in Electronic Arts by 3.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock worth $376,000 after acquiring an additional 115 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Electronic Arts by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,033 shares of the game software company’s stock worth $2,435,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Electronic Arts Company Profile

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’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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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