Electronic Arts (NASDAQ:EA) Rating Lowered to Hold at StockNews.com

Electronic Arts (NASDAQ:EA) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other research analysts also recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Electronic Arts from $153.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Tuesday, April 23rd. Robert W. Baird reduced their price objective on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Finally, Benchmark reiterated a “buy” rating and set a $153.00 target price on shares of Electronic Arts in a research report on Thursday, April 18th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Electronic Arts Stock Up 0.4 %

Shares of EA opened at $138.13 on Tuesday. The company has a market capitalization of $36.71 billion, a P/E ratio of 29.51, a PEG ratio of 2.19 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.37 and a quick ratio of 1.37. Electronic Arts has a one year low of $117.47 and a one year high of $144.53. The business’s 50 day simple moving average is $130.77 and its 200-day simple moving average is $134.78.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.78 billion. Electronic Arts had a return on equity of 18.81% and a net margin of 16.83%. As a group, sell-side analysts predict that Electronic Arts will post 5.7 EPS for the current fiscal year.

Insider Activity at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the transaction, the chief executive officer now owns 66,747 shares in the company, valued at approximately $8,954,110.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the transaction, the chief executive officer now owns 66,747 shares in the company, valued at approximately $8,954,110.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $132.88, for a total value of $106,304.00. Following the transaction, the insider now owns 39,374 shares of the company’s stock, valued at approximately $5,232,017.12. The disclosure for this sale can be found here. Insiders sold a total of 23,539 shares of company stock worth $3,089,969 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

Large investors have recently modified their holdings of the business. North Star Investment Management Corp. boosted its stake in shares of Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock worth $26,000 after buying an additional 150 shares during the last quarter. Cape Investment Advisory Inc. lifted its stake in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Electronic Arts in the 1st quarter valued at about $27,000. Larson Financial Group LLC acquired a new stake in Electronic Arts in the 4th quarter valued at about $30,000. Finally, Private Wealth Management Group LLC acquired a new stake in Electronic Arts in the 4th quarter valued at about $31,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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.