StockNews.com Lowers Electronic Arts (NASDAQ:EA) to Buy

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

A number of other research firms have also recently issued reports on EA. Robert W. Baird cut their price objective on shares of Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday. UBS Group cut their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets dropped their price target on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating on the stock in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.61.

Electronic Arts Trading Up 1.5 %

NASDAQ EA traded up $1.88 on Thursday, reaching $127.12. The company had a trading volume of 3,186,299 shares, compared to its average volume of 2,025,852. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 1.73 and a beta of 0.78. Electronic Arts has a fifty-two week low of $117.47 and a fifty-two week high of $144.53. The business has a 50 day moving average of $131.02 and a two-hundred day moving average of $134.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the sale, the chief executive officer now owns 28,430 shares in the company, valued at approximately $4,048,147.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $142.39, for a total value of $355,975.00. Following the completion of the transaction, the chief executive officer now directly owns 28,430 shares in the company, valued at approximately $4,048,147.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $143.24, for a total transaction of $143,240.00. Following the completion of the transaction, the insider now owns 20,258 shares of the company’s stock, valued at $2,901,755.92. The disclosure for this sale can be found here. Insiders sold a total of 32,272 shares of company stock worth $4,420,459 in the last quarter. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Electronic Arts by 16.3% during the 3rd quarter. Vanguard Group Inc. now owns 25,636,385 shares of the game software company’s stock valued at $3,086,621,000 after purchasing an additional 3,600,388 shares in the last quarter. Capital International Investors grew its position in shares of Electronic Arts by 8.3% during the 4th quarter. Capital International Investors now owns 5,067,765 shares of the game software company’s stock valued at $693,318,000 after purchasing an additional 386,630 shares in the last quarter. Invesco Ltd. grew its position in shares of Electronic Arts by 7.8% during the 3rd quarter. Invesco Ltd. now owns 4,156,556 shares of the game software company’s stock valued at $500,449,000 after purchasing an additional 301,194 shares in the last quarter. FIL Ltd grew its position in shares of Electronic Arts by 4.4% during the 4th quarter. FIL Ltd now owns 3,428,193 shares of the game software company’s stock valued at $469,011,000 after purchasing an additional 145,466 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Electronic Arts by 13.0% during the 3rd quarter. Morgan Stanley now owns 3,389,395 shares of the game software company’s stock valued at $408,084,000 after purchasing an additional 389,063 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

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.