Electronic Arts (NASDAQ:EA) Rating Lowered to Hold at Zacks Research

Electronic Arts (NASDAQ:EA) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

EA has been the topic of several other reports. Morgan Stanley upped their target price on shares of Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Oppenheimer cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 30th. Arete raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price objective for the company in a research note on Tuesday, August 5th. Wall Street Zen cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Hsbc Global Res lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and a consensus price target of $181.64.

Electronic Arts Stock Up 0.1%

NASDAQ EA opened at $201.24 on Wednesday. The stock has a 50 day moving average price of $194.84 and a 200-day moving average price of $170.26. Electronic Arts has a one year low of $115.21 and a one year high of $203.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $50.19 billion, a P/E ratio of 58.85, a P/E/G ratio of 3.04 and a beta of 0.74.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, October 28th. The game software company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. Electronic Arts had a return on equity of 15.30% and a net margin of 12.14%.The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 EPS. As a group, equities analysts predict that Electronic Arts will post 4.71 EPS for the current fiscal year.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $201.42, for a total value of $241,704.00. Following the completion of the sale, the insider directly owned 34,760 shares in the company, valued at approximately $7,001,359.20. This represents a 3.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $201.06, for a total value of $502,650.00. Following the transaction, the insider directly owned 55,648 shares in the company, valued at $11,188,586.88. The trade was a 4.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,900 shares of company stock worth $7,873,176 over the last quarter. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC boosted its stake in shares of Electronic Arts by 70.1% during the second quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock valued at $26,000 after purchasing an additional 68 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in Electronic Arts by 100.0% during the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after buying an additional 69 shares during the period. Bank of Jackson Hole Trust boosted its position in Electronic Arts by 56.4% during the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock valued at $30,000 after acquiring an additional 75 shares in the last quarter. MTM Investment Management LLC purchased a new position in shares of Electronic Arts in the 2nd quarter valued at $30,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Electronic Arts in the 3rd quarter valued at $30,000. 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.