Morgan Stanley Decides to Downgrade Electronic Arts (NASDAQ:EA) Stock

January 13, 2018 - By Winifred Garcia

 Morgan Stanley Decides to Downgrade Electronic Arts (NASDAQ:EA) Stock

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.12, from 1.03 in 2017Q2. It improved, as 35 investors sold Electronic Arts Inc. shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported.

Jag Capital Mngmt Ltd holds 167,750 shares. Jane Street holds 135,032 shares. Brown Advisory Ltd Liability has invested 0.21% in Electronic Arts Inc. (NASDAQ:EA). Bogle Mgmt L P De reported 84,269 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0.08% invested in Electronic Arts Inc. (NASDAQ:EA) for 74,492 shares. Tradewinds Capital Mgmt Limited Liability has invested 0.01% in Electronic Arts Inc. (NASDAQ:EA). Millennium Mngmt Limited Com holds 0.2% or 1.09 million shares in its portfolio. Moreover, Chevy Chase Holdings has 0.14% invested in Electronic Arts Inc. (NASDAQ:EA). Raymond James Na owns 2,884 shares. Ameriprise Incorporated holds 0.36% or 6.45M shares in its portfolio. Friess Assoc Ltd Liability Corp has invested 1.3% in Electronic Arts Inc. (NASDAQ:EA). Rhumbline Advisers invested in 501,476 shares. Ipg Invest Advsrs Limited Liability Company holds 7,670 shares or 0.31% of its portfolio. Stifel Fincl Corporation accumulated 124,972 shares. Cornerstone Cap Management Llc has invested 0.25% in Electronic Arts Inc. (NASDAQ:EA).

Since August 1, 2017, it had 0 insider purchases, and 30 selling transactions for $30.68 million activity. Shares for $1.15 million were sold by Jorgensen Blake J on Thursday, August 10. Miele Laura also sold $87,758 worth of Electronic Arts Inc. (NASDAQ:EA) on Tuesday, August 1. 10,058 shares were sold by Wilson Andrew, worth $1.20 million on Friday, September 1. 8,000 shares valued at $956,198 were sold by Soderlund Patrick on Friday, September 1. The insider Warren Denise sold 3,000 shares worth $354,092. Bruzzo Chris sold $162,767 worth of stock or 1,500 shares.

Electronic Arts (NASDAQ:EA) Receives a Downgrade

The Equity Rating of Electronic Arts (NASDAQ:EA) rating was cut by stock research analysts at Morgan Stanley from the previous Overweight rating to a Equal-Weight rating in a report revealed to clients and investors on 12 January.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.12, from 1.03 in 2017Q2. It improved, as 35 investors sold Electronic Arts Inc. shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported.

Jag Capital Mngmt Ltd holds 167,750 shares. Jane Street holds 135,032 shares. Brown Advisory Ltd Liability has invested 0.21% in Electronic Arts Inc. (NASDAQ:EA). Bogle Mgmt L P De reported 84,269 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0.08% invested in Electronic Arts Inc. (NASDAQ:EA) for 74,492 shares. Tradewinds Capital Mgmt Limited Liability has invested 0.01% in Electronic Arts Inc. (NASDAQ:EA). Millennium Mngmt Limited Com holds 0.2% or 1.09 million shares in its portfolio. Moreover, Chevy Chase Holdings has 0.14% invested in Electronic Arts Inc. (NASDAQ:EA). Raymond James Na owns 2,884 shares. Ameriprise Incorporated holds 0.36% or 6.45M shares in its portfolio. Friess Assoc Ltd Liability Corp has invested 1.3% in Electronic Arts Inc. (NASDAQ:EA). Rhumbline Advisers invested in 501,476 shares. Ipg Invest Advsrs Limited Liability Company holds 7,670 shares or 0.31% of its portfolio. Stifel Fincl Corporation accumulated 124,972 shares. Cornerstone Cap Management Llc has invested 0.25% in Electronic Arts Inc. (NASDAQ:EA).

Since August 1, 2017, it had 0 insider purchases, and 30 selling transactions for $30.68 million activity. Shares for $1.15 million were sold by Jorgensen Blake J on Thursday, August 10. Miele Laura also sold $87,758 worth of Electronic Arts Inc. (NASDAQ:EA) on Tuesday, August 1. 10,058 shares were sold by Wilson Andrew, worth $1.20 million on Friday, September 1. 8,000 shares valued at $956,198 were sold by Soderlund Patrick on Friday, September 1. The insider Warren Denise sold 3,000 shares worth $354,092. Bruzzo Chris sold $162,767 worth of stock or 1,500 shares.

Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage

Among 26 analysts covering Electronic Arts (NASDAQ:EA), 23 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Electronic Arts has $138.0 highest and $67 lowest target. $115.59’s average target is 2.17% above currents $113.13 stock price. Electronic Arts had 80 analyst reports since July 28, 2015 according to SRatingsIntel. M Partners upgraded it to “Buy” rating and $82 target in Wednesday, October 14 report. The company was initiated on Wednesday, April 27 by BMO Capital Markets. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Neutral” rating given on Monday, July 27 by M Partners. The firm has “Buy” rating given on Friday, October 6 by Stifel Nicolaus. Jefferies maintained Electronic Arts Inc. (NASDAQ:EA) rating on Tuesday, October 3. Jefferies has “Buy” rating and $135.0 target. The stock of Electronic Arts Inc. (NASDAQ:EA) has “Neutral” rating given on Monday, October 24 by Bank of America. The firm has “Buy” rating given on Friday, July 28 by Stifel Nicolaus. Bank of America upgraded the stock to “Buy” rating in Wednesday, July 26 report. The rating was maintained by Oppenheimer on Friday, July 28 with “Buy”. Hilliard Lyons upgraded the shares of EA in report on Tuesday, February 9 to “Buy” rating.

The stock increased 1.01% or $1.13 during the last trading session, reaching $113.13. About 3.47 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since January 13, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 30. They expect $2.06 earnings per share, down 15.92 % or $0.39 from last year’s $2.45 per share. EA’s profit will be $634.33 million for 13.73 P/E if the $2.06 EPS becomes a reality. After $0.50 actual earnings per share reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 312.00 % EPS growth.

Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for game consoles, personal computers, mobile phones, and tablets worldwide. The company has market cap of $34.84 billion. It develops and publishes games primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. It has a 29.83 P/E ratio. Zombies brands; and license games from others, such as FIFA, Madden NFL, and Star Wars, as well as publishes and distributes games developed by third parties.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Seekingalpha.com which released: “‘Battlefront’ concerns spur MS to downgrade Electronic Arts” on January 12, 2018, also Law360.com with their article: “MLS, Electronic Arts Launch Esports League” published on January 12, 2018, Investorplace.com published: “Here’s Where To Go All In on Electronic Arts Inc. After Rebound” on December 20, 2017. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Investorplace.com and their article: “3 Reasons the Electronic Arts Inc. Stock Rally Is Just Getting Started” published on January 11, 2018 as well as Fool.com‘s news article titled: “Why Electronic Arts Stock Gained 33.4% in 2017” with publication date: January 12, 2018.

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