Electronic Arts (NASDAQ:EA) Rating Lowered to “Neutral” at BNP Paribas

Electronic Arts (NASDAQ:EA) was downgraded by investment analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report issued on Monday,Finviz reports. They currently have a $125.00 target price on the game software company’s stock. BNP Paribas’ price target would suggest a potential upside of 7.24% from the stock’s current price.

Several other research analysts also recently weighed in on EA. BMO Capital Markets downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $160.00 to $145.00 in a research report on Thursday. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Roth Mkm decreased their target price on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.05.

Electronic Arts Trading Down 1.7 %

Shares of EA stock opened at $116.56 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The stock has a market capitalization of $30.57 billion, a P/E ratio of 29.96, a P/E/G ratio of 1.87 and a beta of 0.80. The firm’s 50 day moving average is $152.43 and its 200 day moving average is $148.92.

Insider Activity

In related news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the transaction, the insider now owns 50,433 shares in the company, valued at $7,969,926.99. The trade was a 4.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $150.83, for a total value of $150,830.00. Following the completion of the sale, the insider now directly owns 28,190 shares of the company’s stock, valued at approximately $4,251,897.70. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,000 shares of company stock worth $3,986,385. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Electronic Arts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. grew its holdings in Electronic Arts by 141.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares during the period. Reston Wealth Management LLC acquired a new position in Electronic Arts during the third quarter worth $36,000. Bruce G. Allen Investments LLC lifted its stake in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after buying an additional 166 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.23% 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. 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.