Electronic Arts (NASDAQ:EA) was downgraded by Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a report released on Tuesday, The Fly reports.

A number of other research analysts have also recently commented on EA. Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Friday, November 17th. Zacks Investment Research cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Barclays cut their target price on Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and set a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Finally, BidaskClub cut Electronic Arts from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $123.26.

Shares of Electronic Arts (NASDAQ:EA) opened at $107.92 on Tuesday. Electronic Arts has a 52-week low of $77.94 and a 52-week high of $122.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $32,415.31, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.73 and a beta of 0.61.

In related news, EVP Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $118.10, for a total value of $177,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,674 shares of company stock valued at $7,551,251. Company insiders own 2.55% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EA. Public Employees Retirement System of Ohio grew its position in shares of Electronic Arts by 7.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 310,233 shares of the game software company’s stock valued at $36,626,000 after acquiring an additional 22,816 shares during the period. Coastline Trust Co grew its position in shares of Electronic Arts by 11.2% during the 3rd quarter. Coastline Trust Co now owns 23,230 shares of the game software company’s stock valued at $2,743,000 after acquiring an additional 2,345 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at about $1,018,000. Independent Advisor Alliance grew its position in shares of Electronic Arts by 11.0% during the 3rd quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock valued at $542,000 after acquiring an additional 452 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Electronic Arts by 4.0% during the 3rd quarter. California Public Employees Retirement System now owns 684,184 shares of the game software company’s stock valued at $80,775,000 after acquiring an additional 26,184 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

The Fly

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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