Electronic Arts (NASDAQ:EA) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $126.00 price objective on the game software company’s stock, up from their previous price objective of $112.00. Morgan Stanley’s price objective indicates a potential upside of 11.38% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. SunTrust Banks set a $130.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a research report on Friday, October 13th. Robert W. Baird reissued a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Cowen reissued a “hold” rating and set a $104.00 price target on shares of Electronic Arts in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company. Electronic Arts has an average rating of “Buy” and an average target price of $122.26.

Electronic Arts (EA) traded up $1.13 on Friday, reaching $113.13. 3,467,300 shares of the company traded hands, compared to its average volume of 3,887,844. The company has a market cap of $34,930.00, a PE ratio of 29.85, a P/E/G ratio of 1.86 and a beta of 0.61. Electronic Arts has a 1-year low of $78.89 and a 1-year high of $122.79. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, October 31st. The game software company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. equities research analysts predict that Electronic Arts will post 3.69 EPS for the current fiscal year.

In related news, EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $113.78, for a total value of $170,670.00. Following the transaction, the executive vice president now owns 40,662 shares in the company, valued at approximately $4,626,522.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $113.60, for a total transaction of $113,600.00. Following the completion of the transaction, the senior vice president now owns 20,950 shares in the company, valued at approximately $2,379,920. The disclosure for this sale can be found here. Insiders have sold a total of 67,516 shares of company stock worth $7,357,395 over the last 90 days. 2.55% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in EA. Veritable L.P. grew its position in shares of Electronic Arts by 1.5% during the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after purchasing an additional 113 shares in the last quarter. Eaton Vance Management grew its position in shares of Electronic Arts by 0.6% during the 2nd quarter. Eaton Vance Management now owns 55,013 shares of the game software company’s stock worth $5,816,000 after purchasing an additional 345 shares in the last quarter. Thrivent Financial For Lutherans grew its position in shares of Electronic Arts by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock worth $1,236,000 after purchasing an additional 390 shares in the last quarter. Independent Advisor Alliance grew its position in shares of Electronic Arts by 11.0% during the 3rd quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock worth $542,000 after purchasing an additional 452 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Electronic Arts by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,967 shares of the game software company’s stock worth $3,892,000 after purchasing an additional 478 shares in the last quarter. Institutional investors and hedge funds own 93.53% 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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