Electronic Arts (NASDAQ:EA) was downgraded by analysts at Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a report released on Tuesday.

A number of other equities analysts also recently weighed in on the company. Vetr downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 target price on the stock. in a research note on Wednesday, November 29th. KeyCorp restated a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Buckingham Research set a $143.00 target price on Electronic Arts and gave the stock a “buy” rating in a research note on Sunday, November 19th. Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a report on Friday, November 17th. Finally, BMO Capital Markets lowered their price target on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $123.26.

Electronic Arts (NASDAQ:EA) opened at $104.96 on Tuesday. Electronic Arts has a 12 month low of $77.94 and a 12 month high of $122.79. The firm has a market capitalization of $33,151.25, a P/E ratio of 27.68, a PEG ratio of 1.77 and a beta of 0.61. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23.

In related news, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $105.76, for a total value of $1,063,734.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the completion of the transaction, the chief financial officer now owns 169,614 shares of the company’s stock, valued at $17,007,195.78. The disclosure for this sale can be found here. Insiders have sold a total of 67,674 shares of company stock valued at $7,551,251 over the last 90 days. Company insiders own 2.55% of the company’s stock.

A number of large investors have recently made changes to their positions in EA. Schwab Charles Investment Management Inc. boosted its position in Electronic Arts by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 997,718 shares of the game software company’s stock valued at $105,479,000 after buying an additional 61,992 shares during the period. First Trust Advisors LP boosted its position in Electronic Arts by 43.5% during the second quarter. First Trust Advisors LP now owns 214,697 shares of the game software company’s stock valued at $22,698,000 after buying an additional 65,091 shares during the period. Sigma Planning Corp purchased a new stake in Electronic Arts during the second quarter valued at about $248,000. Advisors Asset Management Inc. boosted its position in Electronic Arts by 23.2% during the second quarter. Advisors Asset Management Inc. now owns 32,691 shares of the game software company’s stock valued at $3,456,000 after buying an additional 6,159 shares during the period. Finally, Dowling & Yahnke LLC boosted its position in Electronic Arts by 31.2% during the second quarter. Dowling & Yahnke LLC now owns 3,430 shares of the game software company’s stock valued at $363,000 after buying an additional 815 shares during the period. Institutional investors own 93.78% of the company’s stock.

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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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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