Buckingham Research downgraded shares of Electronic Arts (NASDAQ:EA) from a buy rating to a neutral rating in a report released on Monday, MarketBeat.com reports. Buckingham Research currently has $103.00 price objective on the game software company’s stock, up from their prior price objective of $90.00.

EA has been the topic of a number of other reports. Wedbush set a $158.00 price target on Electronic Arts and gave the company a buy rating in a research note on Tuesday, October 23rd. SunTrust Banks set a $116.00 price target on Electronic Arts and gave the company a buy rating in a research note on Thursday, October 25th. BidaskClub lowered Electronic Arts from a sell rating to a strong sell rating in a research note on Wednesday, October 31st. Atlantic Securities lowered Electronic Arts from an overweight rating to a neutral rating and set a $110.00 price target on the stock. in a research note on Wednesday, October 31st. Finally, Barclays cut their price target on Electronic Arts from $132.00 to $128.00 and set a buy rating on the stock in a research note on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Electronic Arts has an average rating of Buy and an average target price of $113.92.

NASDAQ:EA opened at $102.25 on Monday. The stock has a market capitalization of $29.13 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19. Electronic Arts has a twelve month low of $73.91 and a twelve month high of $151.26.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.12. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.75 billion. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. Electronic Arts’s revenue was down 18.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.60) earnings per share. Equities analysts predict that Electronic Arts will post 3.14 EPS for the current fiscal year.

In other Electronic Arts news, insider Laura Miele sold 1,250 shares of Electronic Arts stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $79.51, for a total value of $99,387.50. Following the completion of the sale, the insider now directly owns 8,461 shares in the company, valued at $672,734.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $84.36, for a total value of $759,240.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,200 shares of company stock valued at $5,962,501. 2.24% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Advisors Asset Management Inc. grew its holdings in Electronic Arts by 16.9% during the second quarter. Advisors Asset Management Inc. now owns 29,028 shares of the game software company’s stock worth $4,094,000 after buying an additional 4,204 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Electronic Arts by 467.9% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 178,275 shares of the game software company’s stock worth $21,480,000 after buying an additional 146,882 shares in the last quarter. Zweig DiMenna Associates LLC bought a new stake in Electronic Arts during the third quarter worth $12,892,000. New Jersey Better Educational Savings Trust bought a new stake in Electronic Arts during the third quarter worth $361,000. Finally, Supplemental Annuity Collective Trust of NJ bought a new stake in Electronic Arts during the third quarter worth $723,000. Hedge funds and other institutional investors own 95.84% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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