Electronic Arts (NASDAQ:EA) Downgraded to Market Perform Rating by Raymond James

Raymond James cut shares of Electronic Arts (NASDAQ:EA) from an outperform rating to a market perform rating in a research note released on Thursday morning, Marketbeat reports.

A number of other equities analysts have also commented on EA. UBS Group lifted their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Bank of America lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and cut their target price for the stock from $170.00 to $130.00 in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Electronic Arts in a research report on Friday, October 25th. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their target price on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts has a consensus rating of “Moderate Buy” and an average price target of $159.79.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $118.58 on Thursday. The business’s 50-day simple moving average is $153.33 and its 200-day simple moving average is $148.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts has a 52 week low of $115.45 and a 52 week high of $168.50. The firm has a market cap of $31.10 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 1.88 and a beta of 0.80.

Electronic Arts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Wednesday, November 27th. Electronic Arts’s dividend payout ratio is 19.54%.

Insiders Place Their Bets

In related news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the completion of the sale, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This trade represents a 4.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 28,190 shares in the company, 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. Insiders sold 26,000 shares of company stock worth $3,986,385 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Electronic Arts

A number of institutional investors have recently modified their holdings of EA. EverSource Wealth Advisors LLC grew its holdings in Electronic Arts by 28.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,386 shares of the game software company’s stock worth $209,000 after acquiring an additional 306 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Electronic Arts by 97.6% during the second quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock worth $1,110,000 after purchasing an additional 3,936 shares during the period. Squarepoint Ops LLC lifted its stake in Electronic Arts by 132.9% in the second quarter. Squarepoint Ops LLC now owns 116,458 shares of the game software company’s stock valued at $16,226,000 after buying an additional 66,449 shares during the period. DoubleLine ETF Adviser LP boosted its holdings in Electronic Arts by 11.7% during the second quarter. DoubleLine ETF Adviser LP now owns 31,127 shares of the game software company’s stock worth $4,337,000 after buying an additional 3,256 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Electronic Arts by 43.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company’s stock worth $193,727,000 after buying an additional 420,382 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.