Electronic Arts (NASDAQ:EA) Stock Rating Lowered by DZ Bank

Electronic Arts (NASDAQ:EA) was downgraded by equities researchers at DZ Bank from a “strong-buy” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on the stock. Arete upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $192.00 price target for the company in a report on Tuesday, August 5th. HSBC lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 price target for the company. in a report on Monday. Baird R W lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and upped their price target for the company from $200.00 to $210.00 in a report on Tuesday. Finally, Bank of America upped their price target on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $176.04.

Electronic Arts Trading Down 0.2%

EA stock opened at $201.70 on Monday. The company has a market capitalization of $50.47 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. Electronic Arts has a one year low of $115.21 and a one year high of $203.75. The company’s 50 day moving average price is $169.54 and its two-hundred day moving average price is $155.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $171.05, for a total value of $855,250.00. Following the sale, the chief executive officer directly owned 52,393 shares of the company’s stock, valued at $8,961,822.65. This represents a 8.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $148.32, for a total transaction of $222,480.00. Following the completion of the sale, the executive vice president directly owned 28,448 shares in the company, valued at $4,219,407.36. This represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,500 shares of company stock valued at $6,743,160 in the last 90 days. 0.24% of the stock is owned by company insiders.

Institutional Trading of Electronic Arts

Hedge funds and other institutional investors have recently modified their holdings of the business. Norden Group LLC purchased a new stake in shares of Electronic Arts in the 2nd quarter worth about $214,000. Focus Partners Advisor Solutions LLC bought a new position in Electronic Arts in the 1st quarter worth about $319,000. CCM Investment Group LLC bought a new position in Electronic Arts in the 1st quarter worth about $1,625,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Electronic Arts by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 653,581 shares of the game software company’s stock worth $94,456,000 after purchasing an additional 13,461 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its stake in Electronic Arts by 4.6% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 91,328 shares of the game software company’s stock worth $13,944,000 after purchasing an additional 3,999 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

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. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.