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 research report issued on Monday, MarketBeat.com reports. They currently have a $125.00 price objective on the game software company’s stock. BNP Paribas’ target price suggests a potential upside of 7.27% from the company’s previous close.

Other research analysts have also issued research reports about the company. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Bank of America cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $170.00 to $130.00 in a research note on Thursday, January 23rd. Argus boosted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $158.05.

Electronic Arts Price Performance

Electronic Arts stock opened at $116.53 on Monday. The firm has a market capitalization of $30.56 billion, a P/E ratio of 29.96, a PEG ratio of 1.87 and a beta of 0.80. Electronic Arts has a one year low of $115.21 and a one year high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The business has a fifty day moving average price of $150.52 and a 200-day moving average price of $148.52.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction on Friday, November 1st. The shares were sold at an average price of $150.83, for a total value of $150,830.00. Following the transaction, the insider now directly owns 28,190 shares of the company’s stock, valued at $4,251,897.70. The trade was a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now owns 52,615 shares of the company’s stock, valued at approximately $8,758,819.05. This trade represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock valued at $3,986,385 over the last three months. Insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Electronic Arts during the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. raised its position in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Electronic Arts during the 3rd quarter valued at $36,000. Bruce G. Allen Investments LLC grew its stake in shares of Electronic Arts by 156.6% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the period. Finally, Larson Financial Group LLC grew its position in Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the period. 90.23% of the stock is owned by 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.