Electronic Arts (EA) Stock Rating Lowered by Buckingham Research

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

EA has been the topic of a number of other research reports. Zacks Investment Research lowered Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Benchmark lowered their price objective on Electronic Arts from $153.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, February 6th. They noted that the move was a valuation call. Stephens started coverage on Electronic Arts in a research note on Thursday, January 10th. They set an “overweight” rating and a $125.00 price objective on the stock. ValuEngine lowered Electronic Arts from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Goldman Sachs Group started coverage on Electronic Arts in a research note on Wednesday, January 30th. They set a “neutral” rating and a $99.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $113.69.

NASDAQ EA opened at $97.60 on Monday. The firm has a market cap of $29.24 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.07 and a beta of 1.20. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19. Electronic Arts has a fifty-two week low of $73.91 and a fifty-two week high of $151.26.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping the Zacks’ 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 return on equity of 23.21% and a net margin of 26.77%. The firm’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.60) earnings per share. Equities analysts anticipate that Electronic Arts will post 3.14 EPS for the current year.

In other Electronic Arts news, insider Laura Miele sold 1,250 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $91.77, for a total transaction of $114,712.50. Following the sale, the insider now owns 6,760 shares in the company, valued at approximately $620,365.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $84.36, for a total value of $759,240.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,200 shares of company stock worth $3,425,351. 2.24% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAM Holding AG grew its stake in Electronic Arts by 19.6% during the 4th quarter. GAM Holding AG now owns 50,255 shares of the game software company’s stock worth $3,966,000 after buying an additional 8,233 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Electronic Arts by 20.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock worth $919,303,000 after buying an additional 1,952,780 shares during the last quarter. 22NW LP purchased a new position in Electronic Arts during the 4th quarter worth approximately $430,000. Campbell & CO Investment Adviser LLC grew its stake in Electronic Arts by 16.4% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 2,677 shares of the game software company’s stock worth $234,000 after buying an additional 377 shares during the last quarter. Finally, Markel Corp grew its stake in Electronic Arts by 206.4% during the 4th quarter. Markel Corp now owns 105,400 shares of the game software company’s stock worth $8,317,000 after buying an additional 71,000 shares during the last quarter. Institutional investors own 95.84% of the company’s stock.

About Electronic Arts

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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