Electronic Arts (EA) Upgraded to “Outperform” at BMO Capital Markets

Electronic Arts (NASDAQ:EA) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a $97.00 target price on the game software company’s stock, down from their previous target price of $112.39. BMO Capital Markets’ price objective would suggest a potential downside of 13.53% from the stock’s current price. The analysts noted that the move was a valuation call.

EA has been the topic of several other reports. Vetr cut Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target on the stock. in a report on Monday, December 18th. Buckingham Research set a $143.00 price target on Electronic Arts and gave the company a “buy” rating in a report on Sunday, November 19th. Zacks Investment Research cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a report on Friday, October 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $128.00 price target (up from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $122.37.

Shares of Electronic Arts (NASDAQ EA) traded down $1.04 on Monday, reaching $112.18. The company’s stock had a trading volume of 4,111,700 shares, compared to its average volume of 4,373,517. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts has a 1-year low of $77.94 and a 1-year high of $122.79. The stock has a market cap of $34,460.00, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61.

In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the sale, the chief financial officer now directly owns 169,614 shares of the company’s stock, valued at $17,007,195.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total value of $1,144,700.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,016 shares of company stock worth $6,172,470. 2.55% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in shares of Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after purchasing an additional 1,063 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Electronic Arts by 144.5% during the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Electronic Arts during the third quarter valued at about $183,000. Captrust Financial Advisors purchased a new position in shares of Electronic Arts during the second quarter valued at about $195,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Electronic Arts during the third quarter valued at about $202,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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