Research Analysts’ Weekly Ratings Changes for Electronic Arts (EA)

Electronic Arts (NASDAQ: EA) has recently received a number of price target changes and ratings updates:

  • 10/30/2019 – Electronic Arts had its price target lowered by analysts at Piper Jaffray Companies from $112.00 to $106.00. They now have an “overweight” rating on the stock.
  • 10/30/2019 – Electronic Arts had its price target raised by analysts at Credit Suisse Group AG from $115.00 to $118.00. They now have an “outperform” rating on the stock.
  • 10/30/2019 – Electronic Arts had its price target lowered by analysts at Robert W. Baird from $114.00 to $108.00. They now have an “outperform” rating on the stock.
  • 10/30/2019 – Electronic Arts had its “outperform” rating reaffirmed by analysts at Wedbush.
  • 10/30/2019 – Electronic Arts had its price target lowered by analysts at Nomura from $120.00 to $110.00. They now have a “buy” rating on the stock.
  • 10/30/2019 – Electronic Arts had its price target lowered by analysts at UBS Group AG from $120.00 to $117.00. They now have a “buy” rating on the stock.
  • 10/24/2019 – Electronic Arts had its price target lowered by analysts at Stifel Nicolaus from $115.00 to $114.00. They now have a “buy” rating on the stock.
  • 10/22/2019 – Electronic Arts had its “equal weight” rating reaffirmed by analysts at Barclays PLC.
  • 10/21/2019 – Electronic Arts was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $99.00 price target on the stock, down previously from $104.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/12/2019 – Electronic Arts was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/18/2019 – Electronic Arts had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.

EA stock traded down $0.47 during midday trading on Thursday, reaching $98.20. The company’s stock had a trading volume of 59,228 shares, compared to its average volume of 3,200,432. Electronic Arts Inc has a 52 week low of $73.91 and a 52 week high of $108.80. The stock has a market cap of $28.93 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.25 and a beta of 0.92. The company has a quick ratio of 3.52, a current ratio of 3.32 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $95.87 and its 200-day simple moving average is $94.87.

In other news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $93.91, for a total transaction of $845,190.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Blake J. Jorgensen sold 5,200 shares of Electronic Arts stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $92.64, for a total transaction of $481,728.00. Following the transaction, the chief financial officer now directly owns 106,739 shares in the company, valued at $9,888,300.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,900 shares of company stock worth $5,464,852. Insiders own 2.18% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sandy Spring Bank lifted its position in Electronic Arts by 52.4% in the 3rd quarter. Sandy Spring Bank now owns 320 shares of the game software company’s stock valued at $31,000 after acquiring an additional 110 shares in the last quarter. GYL Financial Synergies LLC increased its stake in Electronic Arts by 2.8% in the 2nd quarter. GYL Financial Synergies LLC now owns 4,355 shares of the game software company’s stock valued at $441,000 after buying an additional 118 shares during the last quarter. Veritable L.P. increased its stake in Electronic Arts by 1.9% in the 2nd quarter. Veritable L.P. now owns 6,584 shares of the game software company’s stock valued at $667,000 after buying an additional 124 shares during the last quarter. World Asset Management Inc increased its stake in Electronic Arts by 0.8% in the 2nd quarter. World Asset Management Inc now owns 20,659 shares of the game software company’s stock valued at $2,092,000 after buying an additional 154 shares during the last quarter. Finally, FDx Advisors Inc. increased its stake in Electronic Arts by 2.1% in the 2nd quarter. FDx Advisors Inc. now owns 7,771 shares of the game software company’s stock valued at $787,000 after buying an additional 163 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors.

Electronic Arts, Inc engages in the provision of digital interactive entertainment. The firm develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers. It operates through the North America and International geographical segments.

Read More: What are convertible shares? 

Receive News & Ratings for Electronic Arts Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts Inc and related companies with MarketBeat.com's FREE daily email newsletter.