BidaskClub lowered shares of Electronic Arts (NASDAQ:EA) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

EA has been the subject of a number of other research reports. Credit Suisse Group raised their price objective on Electronic Arts from $143.00 to $155.00 and gave the company an outperform rating in a research report on Wednesday, July 25th. Wedbush reaffirmed a buy rating and set a $158.00 price objective on shares of Electronic Arts in a research report on Monday, July 23rd. Piper Jaffray Companies raised their price objective on Electronic Arts to $165.00 and gave the company an overweight rating in a research report on Wednesday, July 25th. Morgan Stanley raised their price objective on Electronic Arts from $126.00 to $130.00 and gave the company an equal weight rating in a research report on Wednesday, July 11th. Finally, Argus raised Electronic Arts from a hold rating to a buy rating in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $143.30.

EA opened at $114.91 on Wednesday. The company has a market capitalization of $34.51 billion, a PE ratio of 33.40, a PEG ratio of 1.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.84 and a quick ratio of 3.84. Electronic Arts has a 52 week low of $99.63 and a 52 week high of $151.26.

Electronic Arts (NASDAQ:EA) last released its earnings results on Thursday, July 26th. The game software company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.19. The company had revenue of $749.00 million during the quarter, compared to analysts’ expectations of $742.86 million. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. research analysts expect that Electronic Arts will post 3.89 earnings per share for the current fiscal year.

In related news, Director Lawrence F. Probst III sold 2,500 shares of Electronic Arts stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $111.34, for a total value of $278,350.00. Following the completion of the sale, the director now owns 112,338 shares of the company’s stock, valued at $12,507,712.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 29,000 shares of Electronic Arts stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $113.13, for a total value of $3,280,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $2,262,600. The disclosure for this sale can be found here. In the last three months, insiders sold 121,250 shares of company stock valued at $15,454,170. Corporate insiders own 2.24% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Electronic Arts by 6.7% in the first quarter. BlackRock Inc. now owns 22,724,888 shares of the game software company’s stock worth $2,755,165,000 after acquiring an additional 1,427,595 shares during the period. Egerton Capital UK LLP grew its holdings in shares of Electronic Arts by 79.8% in the second quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock worth $569,963,000 after acquiring an additional 1,794,024 shares during the period. Brown Advisory Inc. grew its holdings in shares of Electronic Arts by 46.7% in the first quarter. Brown Advisory Inc. now owns 3,076,162 shares of the game software company’s stock worth $373,023,000 after acquiring an additional 979,229 shares during the period. Winslow Capital Management LLC grew its holdings in shares of Electronic Arts by 18.5% in the second quarter. Winslow Capital Management LLC now owns 2,888,223 shares of the game software company’s stock worth $407,298,000 after acquiring an additional 450,216 shares during the period. Finally, Carmignac Gestion bought a new stake in shares of Electronic Arts in the first quarter worth $288,674,000. 93.21% of the stock is owned by institutional investors.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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