Vetr downgraded shares of Electronic Arts Inc. (NASDAQ:EA) from a buy rating to a hold rating in a report issued on Monday morning. Vetr currently has $81.97 price objective on the game software company’s stock.

Other research analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. upped their target price on shares of Electronic Arts from $88.00 to $94.00 and gave the company an outperform rating in a research report on Friday, October 14th. Zacks Investment Research cut shares of Electronic Arts from a buy rating to a hold rating in a research report on Tuesday, October 4th. Morgan Stanley initiated coverage on shares of Electronic Arts in a research report on Friday, September 23rd. They issued an overweight rating and a $101.00 target price on the stock. Mizuho reaffirmed a buy rating and issued a $84.00 target price on shares of Electronic Arts in a research report on Monday, October 31st. Finally, Stifel Nicolaus upped their target price on shares of Electronic Arts from $83.00 to $87.00 and gave the company a buy rating in a research report on Monday, September 12th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $89.11.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Shares of Electronic Arts (NASDAQ:EA) opened at 78.73 on Monday. The company has a market capitalization of $23.76 billion, a PE ratio of 20.06 and a beta of 0.58. Electronic Arts has a 12-month low of $53.01 and a 12-month high of $86.07. The stock has a 50 day moving average of $80.53 and a 200-day moving average of $79.09.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.56. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Electronic Arts had a net margin of 27.62% and a return on equity of 23.03%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. Analysts predict that Electronic Arts will post $3.70 earnings per share for the current fiscal year.

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In other news, SVP Samantha S. Smith sold 2,721 shares of Electronic Arts stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $76.78, for a total value of $208,918.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard A. Simonson acquired 6,575 shares of Electronic Arts stock in a transaction dated Friday, November 18th. The stock was purchased at an average cost of $78.06 per share, for a total transaction of $513,244.50. Following the completion of the purchase, the director now directly owns 30,456 shares in the company, valued at $2,377,395.36. The disclosure for this purchase can be found here. 3.46% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its position in Electronic Arts by 0.6% in the first quarter. Arizona State Retirement System now owns 83,873 shares of the game software company’s stock valued at $5,545,000 after buying an additional 500 shares in the last quarter. NEXT Financial Group Inc raised its position in Electronic Arts by 26,401.8% in the second quarter. NEXT Financial Group Inc now owns 14,576 shares of the game software company’s stock valued at $1,104,000 after buying an additional 14,521 shares in the last quarter. DNB Asset Management AS raised its position in Electronic Arts by 5.4% in the second quarter. DNB Asset Management AS now owns 23,584 shares of the game software company’s stock valued at $1,787,000 after buying an additional 1,200 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in Electronic Arts by 3.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 78,072 shares of the game software company’s stock valued at $5,915,000 after buying an additional 2,763 shares in the last quarter. Finally, Bank of Stockton raised its position in Electronic Arts by 1.6% in the second quarter. Bank of Stockton now owns 13,875 shares of the game software company’s stock valued at $1,052,000 after buying an additional 225 shares in the last quarter. 99.28% 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 that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

5 Day Chart for NASDAQ:EA

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