Buckingham Research Lowers Electronic Arts (EA) to Neutral

Electronic Arts (NASDAQ:EA) was downgraded by research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also issued reports on EA. Bank of America raised shares of Electronic Arts from a “neutral” rating to a “buy” rating in a report on Monday. ValuEngine lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird decreased their price target on shares of Electronic Arts from $154.00 to $90.00 in a report on Wednesday, February 6th. Zacks Investment Research lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $87.00 price target on shares of Electronic Arts in a report on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $113.69.

Shares of Electronic Arts stock opened at $97.60 on Monday. The company has a market cap of $29.24 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.99 and a current ratio of 2.99. Electronic Arts has a 1 year low of $73.91 and a 1 year high of $151.26.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.75 billion. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The firm’s revenue was down 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.60) EPS. Equities research analysts forecast that Electronic Arts will post 3.14 EPS for the current year.

In other news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $84.36, for a total value of $759,240.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Laura Miele sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $79.51, for a total transaction of $99,387.50. Following the completion of the transaction, the insider now owns 8,461 shares in the company, valued at approximately $672,734.11. The disclosure for this sale can be found here. Insiders sold a total of 40,200 shares of company stock worth $3,425,351 in the last 90 days. Corporate insiders own 2.24% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of EA. BlackRock Inc. increased its stake in shares of Electronic Arts by 0.5% in the 3rd quarter. BlackRock Inc. now owns 22,521,875 shares of the game software company’s stock valued at $2,713,662,000 after acquiring an additional 111,709 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Electronic Arts by 20.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock valued at $919,303,000 after acquiring an additional 1,952,780 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Electronic Arts by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock valued at $489,417,000 after acquiring an additional 145,570 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Electronic Arts by 25.4% in the 3rd quarter. Brown Advisory Inc. now owns 3,666,061 shares of the game software company’s stock valued at $441,724,000 after acquiring an additional 742,742 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Electronic Arts by 1.0% in the 3rd quarter. American Century Companies Inc. now owns 2,936,888 shares of the game software company’s stock valued at $353,866,000 after acquiring an additional 28,127 shares in the last quarter. Hedge funds and other institutional investors own 95.84% 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. 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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