Electronic Arts (NASDAQ:EA) Downgraded by BMO Capital Markets to Market Perform

Electronic Arts (NASDAQ:EA) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. They currently have a $145.00 price objective on the game software company’s stock, down from their previous price objective of $160.00. BMO Capital Markets’ target price suggests a potential upside of 1.86% from the company’s previous close.

EA has been the subject of a number of other research reports. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. UBS Group upped their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Argus lifted their price objective on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Oppenheimer reduced their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus lowered their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus target price of $161.79.

Electronic Arts Stock Down 0.6 %

EA stock opened at $142.35 on Thursday. The company has a market cap of $37.33 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 1.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The business’s 50-day moving average is $154.24 and its two-hundred day moving average is $149.20. Electronic Arts has a fifty-two week low of $124.92 and a fifty-two week high of $168.50.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $145.87, for a total value of $364,675.00. Following the completion of the sale, the chief executive officer now owns 51,747 shares in the company, valued at approximately $7,548,334.89. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares in the company, valued at $3,354,721.70. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,500 shares of company stock worth $4,351,060. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Electronic Arts

Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Electronic Arts by 28.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the game software company’s stock worth $209,000 after purchasing an additional 306 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Electronic Arts by 97.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock worth $1,110,000 after purchasing an additional 3,936 shares in the last quarter. Squarepoint Ops LLC grew its position in Electronic Arts by 132.9% during the 2nd quarter. Squarepoint Ops LLC now owns 116,458 shares of the game software company’s stock worth $16,226,000 after purchasing an additional 66,449 shares during the last quarter. DoubleLine ETF Adviser LP grew its position in Electronic Arts by 11.7% during the 2nd quarter. DoubleLine ETF Adviser LP now owns 31,127 shares of the game software company’s stock worth $4,337,000 after purchasing an additional 3,256 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock valued at $193,727,000 after purchasing an additional 420,382 shares in the last quarter. Hedge funds and other institutional investors own 90.23% 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. 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.