Electronic Arts (EA) Stock Rating Lowered by Morgan Stanley

Electronic Arts (NASDAQ:EA) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Friday, MarketBeat Ratings reports. They presently have a $126.00 target price on the game software company’s stock, up from their previous target price of $112.00. Morgan Stanley’s price target points to a potential upside of 11.38% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. BMO Capital Markets dropped their target price on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $128.00 target price on shares of Electronic Arts in a research report on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and set a $134.00 target price on shares of Electronic Arts in a research report on Sunday, November 19th. Finally, Buckingham Research set a $143.00 target price on shares of Electronic Arts and gave the stock a “buy” rating in a research report on Sunday, November 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the stock. Electronic Arts presently has a consensus rating of “Buy” and an average price target of $122.26.

Electronic Arts (EA) opened at $113.13 on Friday. Electronic Arts has a 52-week low of $78.89 and a 52-week high of $122.79. The company has a market cap of $34,835.55, a P/E ratio of 29.77, a PEG ratio of 1.86 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.

In other news, insider Andrew Wilson sold 10,058 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total value of $1,144,700.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $113.60, for a total transaction of $113,600.00. Following the completion of the sale, the senior vice president now owns 20,950 shares in the company, valued at approximately $2,379,920. The disclosure for this sale can be found here. Insiders have sold 67,516 shares of company stock worth $7,357,395 in the last quarter. Corporate insiders own 2.55% of the company’s stock.

Several large investors have recently modified their holdings of EA. Renaissance Technologies LLC boosted its stake in shares of Electronic Arts by 928.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after purchasing an additional 2,334,600 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at $148,789,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Electronic Arts by 145.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock valued at $127,793,000 after purchasing an additional 715,862 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Electronic Arts by 65.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock valued at $150,688,000 after purchasing an additional 561,322 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Electronic Arts by 49.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,570,034 shares of the game software company’s stock valued at $185,358,000 after purchasing an additional 520,560 shares in the last quarter. Institutional investors own 93.51% of the company’s stock.

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Electronic Arts Company Profile

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.