Electronic Arts (NASDAQ:EA) Stock Rating Lowered by Zacks Research

Electronic Arts (NASDAQ:EAGet Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently commented on EA. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Citigroup raised their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $196.64.

Check Out Our Latest Report on Electronic Arts

Electronic Arts Stock Up 0.1%

NASDAQ:EA opened at $206.65 on Monday. Electronic Arts has a twelve month low of $146.97 and a twelve month high of $206.82. The firm has a market capitalization of $51.82 billion, a price-to-earnings ratio of 59.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $202.94 and its two-hundred day moving average price is $202.56.

Insider Buying and Selling at Electronic Arts

In related news, EVP Jacob J. Schatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the sale, the executive vice president owned 42,287 shares of the company’s stock, valued at $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the sale, the chief financial officer owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 31,206 shares of company stock valued at $6,292,058. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of Electronic Arts

A number of large investors have recently bought and sold shares of the company. Tema ETFs LLC boosted its stake in Electronic Arts by 8.5% in the 2nd quarter. Tema ETFs LLC now owns 3,687 shares of the game software company’s stock worth $756,000 after purchasing an additional 290 shares during the period. Torren Management LLC boosted its holdings in shares of Electronic Arts by 235.0% in the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. Everpar Advisors LLC bought a new position in Electronic Arts during the second quarter valued at approximately $381,000. Affinity Capital Advisors LLC boosted its position in Electronic Arts by 8.9% during the second quarter. Affinity Capital Advisors LLC now owns 1,160 shares of the game software company’s stock valued at $238,000 after buying an additional 95 shares during the period. Finally, FNY Investment Advisers LLC grew its position in Electronic Arts by 267.6% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,010 shares of the game software company’s stock worth $1,642,000 after acquiring an additional 5,831 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

About Electronic Arts

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Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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