Electronic Arts (NASDAQ:EA) Lowered to “Strong Sell” Rating by DZ Bank

DZ Bank lowered shares of Electronic Arts (NASDAQ:EA) from a strong-buy rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other equities analysts have also issued research reports about the company. BMO Capital Markets raised their price objective on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a research report on Tuesday. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target for the company. in a research note on Monday. Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and raised their target price for the company from $200.00 to $210.00 in a research note on Tuesday. Finally, Wall Street Zen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $176.04.

Electronic Arts Trading Down 0.2%

EA opened at $201.70 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. Electronic Arts has a 52 week low of $115.21 and a 52 week high of $203.75. The stock has a market cap of $50.47 billion, a PE ratio of 50.55, a PEG ratio of 3.05 and a beta of 0.75. The business has a 50 day moving average of $169.54 and a 200-day moving average of $155.44.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is presently 19.05%.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $171.69, for a total transaction of $429,225.00. Following the sale, the insider directly owned 55,592 shares of the company’s stock, valued at $9,544,590.48. This trade represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,200 shares of Electronic Arts stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $171.52, for a total value of $205,824.00. Following the completion of the sale, the executive vice president owned 26,080 shares of the company’s stock, valued at $4,473,241.60. The trade was a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,500 shares of company stock valued at $6,743,160 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Electronic Arts

A number of large investors have recently made changes to their positions in EA. Salomon & Ludwin LLC lifted its position in Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 1st quarter valued at $28,000. Bank of Jackson Hole Trust boosted its stake in shares of Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after buying an additional 75 shares during the last quarter. MTM Investment Management LLC bought a new stake in shares of Electronic Arts in the second quarter worth $30,000. Finally, Frazier Financial Advisors LLC increased its position in Electronic Arts by 328.9% during the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

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. 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.