Electronic Arts (NASDAQ:EA) Cut to Neutral at BNP Paribas

BNP Paribas lowered shares of Electronic Arts (NASDAQ:EA) from an outperform rating to a neutral rating in a research note published on Monday, Marketbeat Ratings reports. BNP Paribas currently has $125.00 price target on the game software company’s stock.

Several other research analysts also recently commented on EA. JPMorgan Chase & Co. cut their price target on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. BMO Capital Markets downgraded Electronic Arts from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $160.00 to $145.00 in a research report on Thursday, January 23rd. Finally, Raymond James cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.05.

Electronic Arts Stock Performance

NASDAQ EA opened at $117.10 on Monday. The company’s 50 day moving average is $149.52 and its 200-day moving average is $148.30. The firm has a market cap of $30.71 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. Electronic Arts has a 12-month low of $115.21 and a 12-month high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Insider Activity

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now owns 50,433 shares in the company, valued at approximately $7,969,926.99. The trade was a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares of the company’s stock, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,000 shares of company stock valued at $3,986,385. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EA. Public Sector Pension Investment Board raised its position in shares of Electronic Arts by 97.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,969 shares of the game software company’s stock worth $1,110,000 after acquiring an additional 3,936 shares in the last quarter. Mackenzie Financial Corp grew its stake in Electronic Arts by 1.3% in the second quarter. Mackenzie Financial Corp now owns 136,120 shares of the game software company’s stock worth $18,966,000 after purchasing an additional 1,781 shares during the period. Creative Planning raised its holdings in Electronic Arts by 14.5% in the second quarter. Creative Planning now owns 25,325 shares of the game software company’s stock worth $3,528,000 after purchasing an additional 3,213 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Electronic Arts by 6.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock valued at $712,000 after buying an additional 332 shares during the period. Finally, Old North State Trust LLC boosted its holdings in shares of Electronic Arts by 11.2% during the 2nd quarter. Old North State Trust LLC now owns 1,679 shares of the game software company’s stock valued at $234,000 after buying an additional 169 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other 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.