Gain detailed insights into the trading activity of Congress members for Electronic Arts on our government trades page. Stay updated on how elected officials are investing in EA.

Electronic Arts - Government Trades

Electronic Arts

EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.

Chevron Logo

Long Ideas

News

Markets

Media

Trading Ideas

ADBE

FLNG

Chevron and Exxon Mobil Corporation are reportedly planning to file a federal lawsuit to oppose the Biden administration.

Chevron, Adobe, FLEX LNG And A Video Game Publisher: CNBC&#39;s &#39;Final Trades&#39;

Chatgpt,Chat,With,Ai,Or,Artificial,Intelligence,Technology.,Businessman,Using

AAPL

AMZN

DXCM

GOOG

MSFT

NHNCF

QCOM

SFTBY

SSNLF

TSLA

What&#39;s New In the Consumer Tech World Last Week? News That You Should Know (June 9-June 15, 2024)

Article Images Templates (35)

Gaming

Unveiling Madden NFL 25: Christian McCaffrey&#39;s Cover Debut &amp; Game Updates

Events

Analyst Ratings

Tech

General

NTES

TTWO

Take-Two Interactive Software (NASDAQ: TTWO) is expected to benefit from the continued expansion of its gaming portfolio.


Take-Two to Expand Portfolio With Upcoming Video Game

Milan,,Italy,-,August,20,,2018:,The,Sims,4,Website

Entertainment

&#34;The Sims 4 Happy at Home Login Event&#34; starts on June 13. It includes furniture items, new Sim accessories, and Practice Makes Perfect.

Paving The Way For Microtransactions? The Sims 4 Introduces Controversial Battle Pass-Style Events

xr:d:DAFj0FUZspA:2,j:5351515556,t:23052408

Short Ideas

Insider Trades

Pre-Market Outlook

URBN

Urban Outfitters, Eli Lilly And 2 Other Stocks Insiders Are Selling

Los,Angeles,,California,,Usa,-,9,June,2019:,Hands,Holding

The Sims 4 addresses player frustrations with more fixes and performance upgrades. Discover EA&#39;s commitment to enhancing gameplay.

The Sims 4 Updates Arrive Soon: Faster Gameplay, Fewer Glitches, Enhanced Performance

artificial intelligence

Equities

Large Cap

ABNB

CMCSA

GOOGL

NFLX

Sony Group Corporation American Depositary Shares

SONY

UBSFF

Chinese chipmakers make headway in producing high bandwidth memory semiconductors, Zuckerberg celebrates 40th birthday on superyacht, Google may revive Google Glass, and Musk expresses skepticism about OpenAI&#39;s AI model development.

What&#39;s New In Consumer Tech World Last Week? News That You Should Know (May 12-May 19, 2024)

Jember,,East,Java,,Indonesia,,June,07,,2018.,Madden,Nfl,Football

Sports

Madden NFL 25&#39;s release date is leaked for August 16, with early access on August 12 for Deluxe Edition buyers and EA Play subscribers.

Madden NFL 25 Release Date Leak: Early Access, Pricing Details

Tiktok,Sign,Is,Sharp,In,The,Foreground,,While,American,Congress

BIDU

NVDA

RIVN

SPOT

Apple may revive EV plans with Rivian partnership, Biden announces $3.3B tech investment in Wisconsin, Chinese state behind UK military data breach, Microsoft under scrutiny for cloud practices, Baidu PR chief resigns over work culture, Meta vs. Google work-life balance comparison.

What&#39;s New In Consumer Tech World Last Week? News That You Should Know (May 5-May 11, 2024)

Electronic Arts Inc

Redaptive, Inc

EARTHWORKS INDUS INC by Earthworks Industries Inc.

Earthworks Industries Inc

Edify Acquisition Corp

EASTERN COMMUNS CO B by Eastern Communications Co.

Eastern Communications Co Ltd

EACO Corp

Edify Acquisition Corp Units (1 Ord Class A & 1/2 War)

Edify Acquisition Corp Warrants (25/11/2025)

EARTH ALIVE CLEAN TCH INC by Earth Alive Clean Tech Inc.

Earth Alive Clean Technologies Inc

Allspring Income Opportunities Fund Common Shares

Allspring Income Opportunities Fund

Airbus SE

GrafTech International Ltd

Simplify Exchange Traded Funds Developed Ex-US PLUS Downside Convexity ETF

Pacer Funds Trust Pacer Developed Markets Cash Cows Growth Leaders ETF

iShares ESG Aware U.S. Aggregate Bond ETF

The 2023 ETF Series Trust Eagle Capital Select Equity ETF

Eagle Point Income Co Inc 8% PRF REDEEM 30/04/2029 USD 25 - Ser C

EAST SIDE GAMES GRP INC by EAST SIDE GAMES GROUP INC.

East Side Games Group Inc

Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series Due September 1, 2066

EMPRESARIA GROUP PLC by Empresaria Group PLC.

Innovator ETFs Trust Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly

iShares ESG Aware Aggressive Allocation ETF

iShares ESG Aware Conservative Allocation ETF

iShares ESG Aware Moderate Allocation ETF

iShares ESG Aware Growth Allocation ETF

EASTON PHARMS INC by Easton Pharmaceuticals, Inc.

Easton Pharmaceuticals Inc

Euroapi SA

Innovator Emerging Markets Power Buffer ETF April

Eargo Inc

ENTERTAINMENT ARTS RES by Entertainment Arts Research, Inc.

Entertainment Arts Research Inc

Ellington Credit Company Common Shares of Beneficial Interest

Ellington Credit Co

Xtrackers MSCI EAFE ESG Leaders Equity ETF

Eastside Distilling Inc

Brinker International Inc

Eat & Beyond Global Holdings Inc Ordinary Shares

EAT & BEYOND GLOBAL HLD by EAT & BEYOND GLOBAL HLDGS INC.

Eat & Beyond Global Holdings Inc

EASTERN ASTERIA INC by Eastern Asteria, Inc.

Eastern Asteria Inc

Advisors Series Trust VegTech Plant-based Innovation & Climate ETF

AdvisorShares Restaurant ETF

EAU TECHNOLOGIES INC by EAU Technologies, Inc.

EAU Technologies Inc

ETFS METAL SECS AUSTRALIA by ETFS Metal Securities Austrailia Ltd

ECCO AUTO WORLD CORP by Ecco Auto World Corporation

ENERGY & WTR DEV CORP by Energy and Water Development Corp.

Energy And Water Development Corp

Ealixir Inc

Stifel analyst Drew Crum maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Buy and raises the price target from $150 to $163.

Price Target

Stifel Maintains Buy on Electronic Arts, Raises Price Target to $163

Throughout the last three months, 10 analysts have evaluated Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $150.9, with a high estimate of $162.00 and a low estimate of $135.00. This current average has decreased by 1.8% from the previous average price target of $153.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1718992860_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Electronic Arts. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Martin Yang</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Benjamin Soff</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$150.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$154.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$162.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$150.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$162.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Eric Handler</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Martin Yang</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$153.00</td>
<td>-</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$143.00</td>
<td>$146.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Electronic Arts. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Electronic Arts compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Electronic Arts's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Electronic Arts's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Electronic Arts analyst ratings.</a>
<h2>Get to Know Electronic Arts Better</h2>
EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.
<h3>Financial Milestones: Electronic Arts's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Challenges: Electronic Arts's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -5.07%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Electronic Arts's net margin excels beyond industry benchmarks, reaching 10.23%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Electronic Arts's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.42%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.35%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.26.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 10 Analyst Evaluations For Electronic Arts

Oppenheimer analyst Martin Yang maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Outperform and maintains $150 price target.

Oppenheimer Maintains Outperform on Electronic Arts, Maintains $150 Price Target

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/06/18/final-trades-amazon-bank-of-america-cisco-and-netflix.html">Halftime Report Final Trades</a>,&#8221; DCLA managing partner Sarat Sethi said he likes dividend and cash flow of Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
Chevron and Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), reportedly plan to file a federal lawsuit to oppose the Biden administration's efforts to cut emissions from cars and light trucks and promote <a href="https://www.benzinga.com/markets/equities/24/06/39315591/big-oil-battles-biden-chevron-exxon-challenge-ev-emission-rules">electric vehicle manufacturing</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said FLEX LNG Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLNG#NYSE">FLNG</a>) has a <a href="https://www.benzinga.com/quote/FLNG/news">12% dividend yield</a>.
On May 23, Flex LNG posted better-than-expected results for its first quarter.
Jim Lebenthal of Cerity Partners said he purchased Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) this week on the back of last week's earnings report.
On June 13, Adobe reported second-quarter revenue of $5.31 billion, beating the consensus estimate of $5.292 billion. The company reported quarterly adjusted earnings of $4.48 per share, beating analyst <a href="https://www.benzinga.com/news/earnings/24/06/39321927/adobe-q2-earnings-revenue-beat-eps-beat-strong-guidance-momentum-due-to-highly-differentiated-appro">estimates of $4.39 per share</a>.
Joshua Brown of Ritholtz Wealth Management named Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) as his final trade.
Electronic Arts is scheduled to host an Investor Day with institutional investors and financial analysts in New York City on Tuesday, Sept. 17.
Price Action:
<ul>
<li>FLEX LNG shares gained 4.7% to close at $27.03 during Thursday's session.</li>
<li>Adobe shares rose 0.1% to close at $522.95 on Thursday.</li>
<li>Chevron gained 2.2% to close at $156.64 during Thursday's session.</li>
<li>Electronic Arts fell 0.2% to close at $137.85 on Thursday.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39410338/top-4-consumer-stocks-that-may-keep-you-up-at-night-this-month">Top 4 Consumer Stocks that May Keep You Up At Night This Month</a>

Chevron, Adobe, FLEX LNG And A Video Game Publisher: CNBC's 'Final Trades'

EA, Chevron, FLEX LNG, Adobe: CNBC's 'Final Trades'

Billionaire entrepreneur Mark Cuban thinks that efforts by the U.S. government and investors in proprietary large-language models to regulate artificial intelligence (AI) will end up giving the lead in this <a href="https://www.benzinga.com/news/24/06/39245450/mark-cuban-warns-us-ai-regulations-could-give-china-the-edge-after-openais-sora-faces-new-threat-fro" target="_blank" rel="noreferrer noopener">critical field to Chinese companies</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39246035/linkedin-vp-aneesh-raman-stresses-importance-of-soft-skills-in-ai-era-engaging-with-ai-is-not-a-digi" rel="noreferrer noopener">LinkedIn VP Aneesh Raman Stresses Importance Of Soft Skills In AI Era: &#8216;&#8230;Engaging With AI Is Not A Digital Skill Set. It&#8217;s A Communication Skill Set&#8217;</a>
A series of data breaches at a $20 billion internet company co-owned by Japan&#8217;s SoftBank Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) and South Korea&#8217;s Naver (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NHNCF#OTC">NHNCF</a>) is causing diplomatic <a href="https://www.benzinga.com/news/24/06/39266985/data-leak-in-masayoshi-sons-softbank-backed-internet-company-causes-strain-in-japan-south-korea-rela" target="_blank" rel="noreferrer noopener">tensions between the two nations</a>.
Read: <a href="https://www.benzinga.com/general/gaming/24/06/39300006/fromsoftwares-miyazaki-admits-room-for-improvement-if-players-rely-on-guides-in-elden-ring" target="_blank" rel="noreferrer noopener">FromSoftware&#8217;s Miyazaki Admits &#8216;Room For Improvement&#8217; If Players Rely On Guides In Elden Ring</a>
The launch of a new gossip app,&nbsp;Fizz, at a Vermont high school has reportedly led to widespread bullying and controversy, reigniting concerns about the&nbsp;<a href="https://www.benzinga.com/news/24/06/39251360/new-gossip-app-fizz-leads-to-widespread-high-school-bullying-raises-concerns-over-teen-anxiety-repor" target="_blank" rel="noreferrer noopener">impact of social media&nbsp;on teen mental health</a>.
Vrio Corporation, the parent company of DIRECTV Latin America and Sky Brasil, has partnered with&nbsp;Amazon.com, Inc&#8217;s. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Project Kuiper to offer satellite broadband in <a href="https://www.benzinga.com/markets/latin-america/24/06/39306491/amazons-project-kuiper-partners-with-vrio-corporation-to-deliver-satellite-broadband-in-7-s" target="_blank" rel="noreferrer noopener">seven South American countries</a>.
Gaming
Microsoft Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) revealed during Xbox Games Showcase and the Call of Duty Direct event that &#8220;Call of Duty: Black Ops 6&#8221; will require a constant internet connection for all game modes on consoles, <a href="https://www.benzinga.com/general/gaming/24/06/39257159/call-of-duty-black-ops-6-requires-constant-internet-connection-on-consoles-for-first-time" target="_blank" rel="noreferrer noopener">marking a first for the series</a>.
Related: <a target="_blank" href="https://www.benzinga.com/general/gaming/24/06/39277761/activision-confirms-call-of-duty-black-ops-6-wont-require-massive-300-gb-download" rel="noreferrer noopener">Activision Confirms Call Of Duty: Black Ops 6 Won&#8217;t Require Massive 300 GB Download</a>
Electronic Arts Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EA Sports&nbsp;unveiled&nbsp;San Francisco 49ers running back&nbsp;Christian McCaffrey&nbsp;as <a target="_blank" href="https://www.benzinga.com/general/gaming/24/06/39280444/unveiling-madden-nfl-25-christian-mccaffreys-cover-debut-game-updates" rel="noreferrer noopener">the cover athlete for&nbsp;Madden NFL 25</a>.
Read: <a target="_blank" href="https://www.benzinga.com/general/gaming/24/06/39277698/resident-evil-village-hits-10m-sales-fastest-selling-game-in-series-history" rel="noreferrer noopener">Resident Evil Village Hits 10M Sales: Fastest-Selling Game In Series History</a>
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) announced the first major update to visionOS at the WWDC 2024, bringing some important usability improvements to Apple Vision Pro users. Among these changes are memories, immersive <a href="https://www.benzinga.com/news/24/06/39256085/apples-vision-pro-to-debut-outside-us-markets-for-the-first-time-these-are-countries-on-tim-cooks-li" target="_blank" rel="noreferrer noopener">experiences and productivity improvements</a>.
Apple announced its new artificial intelligence&nbsp;initiative,&nbsp;Apple <a target="_blank" href="https://www.benzinga.com/news/24/06/39262940/apple-intelligence-to-be-limited-to-iphone-ipad-and-macs-and-wont-make-its-way-to-watch-tv-and-visio" rel="noreferrer noopener">Intelligence</a><a target="_blank" href="https://www.benzinga.com/news/24/06/39262940/apple-intelligence-to-be-limited-to-iphone-ipad-and-macs-and-wont-make-its-way-to-watch-tv-and-visio" rel="noreferrer noopener">, at the WWDC 2024</a>. Also, the company highlighted new features for iPads and iPhones and a deeper push to&nbsp;integrate <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39274000/7-apple-analysts-mixed-on-wwdc-2024-iphone-upgrade-cycle-coming-but-when" rel="noreferrer noopener">artificial intelligence on products</a>.
Related: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39285683/apple-analyst-says-you-dont-wanna-be-anywhere-near-the-stock-in-4-years-feels-wwdc-" rel="noreferrer noopener">Apple Analyst Says &#8216;You Don&#8217;t Wanna Be Anywhere Near The Stock&#8217; In 4 Years, Feels WWDC Was Like A &#8216;Snap CEO Talking Like We&#8217;re Gonna Target 22-Year Olds&#8217;</a>
Apple kicked off the iOS 18 update with some important quality-of-life improvements, including customization, smarter email organization, a <a href="https://www.benzinga.com/news/24/06/39256556/apple-unveils-ios-18-with-satellite-messaging-home-screen-customization-privacy-improvements-and-mor" target="_blank" rel="noreferrer noopener">better messaging experience and more</a>.
Apple revealed that it is partnering with Microsoft-backed OpenAI to integrate ChatGPT into iOS 18, <a href="https://www.benzinga.com/news/24/06/39258186/apple-integrates-new-chatgpt-features-in-iphone-mac-and-ipad-sam-altman-thinks-you-will-really-like" target="_blank" rel="noreferrer noopener">iPadOS 18 and macOS 15 Sequoia</a>.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/06/39284760/tesla-ex-ai-chief-andrej-karpathy-really-liked-wwdc-2024-announcements-but-grok-investor-pierre-ferr" rel="noreferrer noopener">Tesla Ex-AI Chief Andrej Karpathy &#8216;Really Liked&#8217; WWDC 2024 Announcements But Grok-Investor Pierre Ferragu Skeptical On Execution: &#8216;Can Apple Make It Work?&#8217;</a>
Apple&#8217;s Tim Cook&nbsp;has expressed uncertainty about the company&#8217;s ability to completely&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/06/39285737/tim-cook-admits-he-has-doubts-about-apples-ability-to-prevent-ai-hallucinations-i-would-never-claim" rel="noreferrer noopener">prevent AI hallucinations</a>.
CEO&nbsp;Tim Cook&nbsp;said that the company&#8217;s objective is not to increase device usage but to enable users to achieve things they couldn&#8217;t without their devices, after&nbsp;unveiling <a target="_blank" href="https://www.benzinga.com/news/24/06/39305868/tim-cook-aims-to-help-apple-users-accomplish-more-without-extending-screen-time-we-want-to-empower-y" rel="noreferrer noopener">Apple Intelligence&nbsp;earlier this week</a>.
Apple has revealed its plans to integrate&nbsp;Alphabet Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;Google Gemini&nbsp;AI model into its&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/06/39271592/apple-may-introduce-google-gemini-ai-model-for-iphone-mac-and-ipad-says-craig-federighi" rel="noreferrer noopener">Apple Intelligence feature set</a>.
Apple has rejected the submission of UTM, a generic PC system emulator, from the iOS App Store and&nbsp;third-party app stores, despite the European Union&#8217;s recent efforts to loosen its <a target="_blank" href="https://www.benzinga.com/news/24/06/39250102/apple-blocks-emulator-app-for-iphones-from-app-store-and-alternative-stores-showing-it-still-exerts" rel="noreferrer noopener">control using the Digital Markets Act, or DMA</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39244134/ming-chi-kuo-says-iphone-16-shipments-to-fall-5-yoy-ios18s-unveiling-at-apples-wwdc-2024-will-have-l" rel="noreferrer noopener">Ming-Chi Kuo Says iPhone 16 Shipments To Fall 5% YoY: iOS18&#8217;s Unveiling At Apple&#8217;s WWDC 2024 Will Have Limited Impact On Replacement Demand</a>
Tech
The Turkish Competition Board has fined Google approximately $14.85 million (482 million Turkish Lira) for non-compliance <a href="https://www.benzinga.com/news/24/06/39250744/google-hit-with-14-85m-fine-by-turkish-authority-over-local-search-compliance" target="_blank" rel="noreferrer noopener">with local competition regulations</a>.
Alphabet has been hit with a privacy complaint by Austrian advocacy group NOYB. The complaint alleges that Google tracks users of its <a target="_blank" href="https://www.benzinga.com/news/24/06/39305523/another-setback-for-google-alphabet-faces-austrian-privacy-complaint-over-chrome-tracking" rel="noreferrer noopener">Chrome browser without proper consent</a>.
The new head of search of Google, Liz Reid, has conveyed that the company will not always be able to detect errors in AI searches. This statement was made <a href="https://www.benzinga.com/news/24/06/39313168/google-search-chief-tells-employees-dont-hold-back-features-just-because-there-might-be-occasional-p" target="_blank" rel="noreferrer noopener">at a recent all-hands meeting</a>. 
Dexcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), a&nbsp;leading glucose monitor manufacturer, has enabled&nbsp;direct&nbsp;Apple&#8217;s AAPL&nbsp;Watch connectivity for&nbsp;its&nbsp;G7 model <a href="https://www.benzinga.com/news/24/06/39244233/apple-watch-now-directly-syncs-with-dexcoms-g7-glucose-monitor" target="_blank" rel="noreferrer noopener">in the&nbsp;United States</a>.
Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>)&nbsp;has reportedly combined its two North American AI research centers and appointed a former&nbsp;Apple Inc.&nbsp;AAPL&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/06/39284417/ex-apple-siri-guru-to-lead-samsungs-north-american-ai-division" rel="noreferrer noopener">executive to head the newly formed division</a>.
The chairman of Samsung Electronics, Jay Y. Lee, has been in discussions with the heads of Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com and Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>). The discussions revolved around potential areas of cooperation, including artificial intelligence, <a href="https://www.benzinga.com/news/24/06/39310074/samsung-chairman-engages-in-strategic-talks-with-meta-amazon-and-qualcomm" target="_blank" rel="noreferrer noopener">cloud services and semiconductors</a>.
Meta Platforms has been hit with a complaint in Norway for using user images and posts from <a href="https://www.benzinga.com/news/24/06/39307741/meta-platforms-under-fire-in-norway-for-using-private-user-data-from-facebook-instagram-for-ai-train" target="_blank" rel="noreferrer noopener">Facebook and Instagram to train AI models</a>.
Elon Musk
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and&nbsp;SpaceX&nbsp;CEO&nbsp;Elon Musk&nbsp;on Sunday put an end to the&nbsp;speculation <a target="_blank" href="https://www.benzinga.com/news/24/06/39244688/elon-musk-shuts-down-smartphone-rumors-we-are-not-going-to-do-a-tesla-phone" rel="noreferrer noopener">about a potential&nbsp;Tesla smartphone</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39246781/elon-musk-thinks-humanoid-robots-will-one-day-exceed-human-population-from-nvidias-project-gr00t-to" rel="noreferrer noopener">Elon Musk Thinks Humanoid Robots Will One Day Exceed Human Population: From Nvidia&#8217;s Project GR00T To Tesla&#8217;s Optimus, Here Are Top 7 Projects Currently Underway</a>
Presumptive Republican candidate&nbsp;Donald Trump&#8217;s&nbsp;niece&nbsp;Mary Trump&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/09/34306743/trumps-niece-slams-elon-musk-for-his-anti-woke-comments-blames-him-for-destroying-twitter" rel="noreferrer noopener">has once again criticized</a>&nbsp;Tesla and&nbsp;SpaceX CEO&nbsp;Elon Musk for allegedly destroying&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/06/39303823/trumps-niece-slams-latest-improvement-to-x-elon-musk-is-even-stupider-than-i-thought" rel="noreferrer noopener">Twitter</a><a target="_blank" href="https://www.benzinga.com/news/24/06/39303823/trumps-niece-slams-latest-improvement-to-x-elon-musk-is-even-stupider-than-i-thought" rel="noreferrer noopener">, now rebranded as&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/06/39303823/trumps-niece-slams-latest-improvement-to-x-elon-musk-is-even-stupider-than-i-thought" rel="noreferrer noopener">X</a>.
Musk&#8217;s&nbsp;X, formerly&nbsp;Twitter, is set to roll out a new feature that will allow users to&nbsp;keep their likes private. This move is aimed at protecting users from <a target="_blank" href="https://www.benzinga.com/news/24/06/39284004/elon-musk-introduces-private-likes-to-protect-users-but-people-want-to-know-about-the-rampant-adult" rel="noreferrer noopener">potential backlash for their online activity</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39264633/as-elon-musk-blasts-apples-partnership-with-chatgpt-parent-openai-analysts-say-theres-definitely-an" rel="noreferrer noopener">As Elon Musk Blasts Apple&#8217;s Partnership With ChatGPT-Parent OpenAI, Analysts Say There&#8217;s Definitely &#8216;An Unanswered Question&#8217;</a>
Artificial Intelligence (AI)
Elon Musk withdrew his lawsuit against OpenAI and its co-founders, Sam Altman and Greg Brockman. His decision came a day after he went on a tirade and criticized Apple <a href="https://www.benzinga.com/news/24/06/39283661/elon-musk-drops-openai-lawsuit-involving-sam-altman-greg-brockman-a-day-after-blasting-apple-for-par" target="_blank" rel="noreferrer noopener">for partnering with the </a><a href="https://www.benzinga.com/news/24/06/39283661/elon-musk-drops-openai-lawsuit-involving-sam-altman-greg-brockman-a-day-after-blasting-apple-for-par" target="_blank" rel="noreferrer noopener">ChatGPT</a><a href="https://www.benzinga.com/news/24/06/39283661/elon-musk-drops-openai-lawsuit-involving-sam-altman-greg-brockman-a-day-after-blasting-apple-for-par" target="_blank" rel="noreferrer noopener"> parent</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39304829/ai-is-helping-cat-owners-in-tokyo-keep-their-feline-friends-healthier-app-can-reportedly-detect-pain" rel="noreferrer noopener">AI Is Helping Cat Owners In Tokyo Keep Their Feline Friends Healthier: App Can Reportedly Detect Pain With More Than 95% Accuracy</a>
Apple&#8217;s Craig Federighi&nbsp;has revealed that users will be able to opt&nbsp;out of the integration&nbsp;of&nbsp;OpenAI&#8217;s ChatGPT, a move that could alleviate <a target="_blank" href="https://www.benzinga.com/news/24/06/39287140/elon-musk-reacts-as-apple-offers-opt-out-option-for-openais-chatgpt-integration-easing-privacy-conce" rel="noreferrer noopener">mounting concerns about AI privacy</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/06/39284426/google-engineer-says-sam-altman-led-openai-set-back-ai-research-progress-by-5-10-years-llms-have-suc" rel="noreferrer noopener">Google Engineer Says Sam Altman-Led OpenAI Set Back AI Research Progress By 5-10 Years: &#8216;LLMs Have Sucked The Oxygen Out Of The Room&#8217;</a>
OpenAI&#8217;s Mira Murati&nbsp;responded to&nbsp;Elon Musk&#8217;s&nbsp;criticism of the&nbsp;company&#8217;s partnership&nbsp;with&nbsp;Apple&#8217;s emphasizing OpenAI&#8217;s <a target="_blank" href="https://www.benzinga.com/news/24/06/39290929/key-openai-executive-defends-apple-partnership-against-elon-musks-creepy-spyware-accusation-we-care" rel="noreferrer noopener">commitment to user privacy</a>.
Related: <a href="https://www.benzinga.com/news/24/06/39291654/craig-federighi-explains-how-apple-intelligence-maintains-user-privacy-amid-concerns-over-chatgpt-in" target="_blank" rel="noreferrer noopener">Craig Federighi Explains How Apple Intelligence Maintains User Privacy Amid Concerns Over ChatGPT Integration</a>
Photo: Shutterstock

What's New In the Consumer Tech World Last Week? News That You Should Know (June 9-June 15, 2024)

<a href="https://x.com/On3sports/status/1800934636828160093" title="https://x.com/On3sports/status/1800934636828160093">https://x.com/On3sports/status/1800934636828160093</a>

On3 @On3sports Posts On X "NEWS: EA Sports College Football 25 and GameStop have collab'd on a "Homecoming Pack" edition of the game for $149.99 that will include... • Mini locker • Replica jersey • CFB25 football. Would you buy?"

EA Sports <a href="https://www.ea.com/games/ea-sports-football-bundle?utm_campaign=mad24_hd_ww_ic_soco_twt_m25coverrevealmvpbundlex&amp;utm_source=twitter&amp;utm_medium=social&amp;cid=80481&amp;ts=1718134394539">unveiled</a> San Francisco 49ers running back Christian McCaffrey as the cover athlete for <a href="https://www.benzinga.com/topic/madden">Madden NFL 25</a>.
The game, from Electronic Arts Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), is slated for release on Aug. 16. It will be available across PC, PlayStation, and <a href="https://www.benzinga.com/topic/xbox">Xbox platforms. </a>
McCaffrey&#8217;s appearance marks the sixth time a running back has graced the cover of a Madden game. He joins a prestigious list including Adrian Peterson, Barry Sanders, Peyton Hillis, Marshall Faulk, and Eddie George.
See Also: <a href="https://www.benzinga.com/general/gaming/24/05/38831526/madden-nfl-25-release-date-leak-early-access-pricing-details">Madden NFL 25 Release Date Leak: Early Access, Pricing Details</a>
&#8220;To be on the cover of Madden NFL is a career achievement and an honor I share with all of my teammates, coaches, and 49er Faithful who have helped make it possible,&#8221; McCaffrey said.
He added his excitement to return to the field and provide Madden players with more reasons to enjoy scoring touchdowns with him in the game.
McCaffrey&#8217;s leading the league in rushing with 2,023 scrimmage yards solidified his position as one of the NFL&#8217;s top running backs.
He also boasted the highest number of touches (339) and combined rushing and receiving touchdowns (21). Additionally, McCaffrey equaled a league record by scoring touchdowns in 17 consecutive games, earning him Offensive Player of the Year honors and a finalist spot for NFL MVP.
Pre-orders for Madden NFL 25 are now open. The Deluxe Edition offers early access three days prior to the official release for $100. For enthusiasts planning to purchase both Madden NFL 25 and College Football 25, the MVP Bundle is available for $150. It comprises Deluxe Editions for both games.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/02/37172804/college-football-video-game-fans-rejoice-eas-ncaa-game-is-almost-here">College Football Video Game Fans Rejoice: EA&#8217;s NCAA Game Is Almost Here</a>
Image courtesy of EA via X.

Unveiling Madden NFL 25: Christian McCaffrey's Cover Debut & Game Updates

Take-Two Interactive Software (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) is expected to benefit from the continued expansion of its gaming portfolio. 
Take-Two plans to launch 16 games in the current year. The company aims to innovate and offer some fresh and exciting games for gamers to enjoy. This plan would further solidify its gaming portfolio and boost its net bookings. 
The Zacks Consensus Estimate for TTWO&#39;s fiscal 2025 total net bookings is pegged at $6.12 billion, indicating year-over-year growth of 14.9%. The Zacks Consensus Estimate for TTWO&#39;s fiscal 2025 revenues is pegged at $5.64 billion, indicating year-over-year growth of 5.64%. 
The company expects net bookings for fiscal 2025 between $5.55 billion and $5.65 billion. Revenues for fiscal 2025 are expected in the band of $5.57-$5.67 billion. 
The company has launched the trailer for Game of Thrones: Legends, a high-profile RPG puzzle game under its wholly-owned private label, Zynga Inc. It is set to launch globally on Jul 25, 2024. 
To mark this upcoming release, pre-registration is now open on both the App Store and Google Play, with special in-game rewards available for players who complete the game&#39;s first chapter within the first seven days of its launch. The game features epic puzzle battles combined with deck building, deep lore and strategic gameplay. 
Officially licensed by Warner Bros. Discovery&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) Interactive Entertainment on behalf of HBO, Game of Thrones: Legends will include characters and content from both the Game of Thrones series and House of the Dragon. 
In this game, players will lead their own Westeros house, developing their strategies and skills as they assemble a team of champions, equip them with weapons and gear and face formidable enemies from the Game of Thrones universe.
<div class="chart_embed">
<h3>Take-Two Interactive Software, Inc. Price and Consensus</h3>
<img alt="Take-Two Interactive Software, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/c9/1718116596.png" style="height:281px; width:620px" title="" />
Take-Two Interactive Software, Inc. price-consensus-chart | Take-Two Interactive Software, Inc. Quote
</div>
<h3>Take-Two&#39;s Upcoming Games to Aid Long-Term Prospects</h3>
Take-Two is preparing for several major game releases in fiscal 2025. The company&#39;s immersive core, known for its extensive gameplay and abundant content, will see the launch of NBA 2K25 and WWE 2K25 in fiscal 2025. Additionally, the highly anticipated release of Grand Theft Auto VI has been rescheduled for Fall 2025. Earlier this year, the company also released Top Spin 2K25. 
From its Private Division, an independent title called Tales of Shire: The Lord of The Rings Game is set to be launched in the current year. The company has already released No Rest for the Wicked earlier this year. 
In the mobile gaming sector, Zynga, a publishing label under Take-Two, is set to globally launch Game of Thrones: Legends in fiscal 2025. Earlier this year, NFL 2K Playmakers was also released. These upcoming games are expected to significantly enhance the company&#39;s long-term growth and success. 
Shares of the company have lost 0.3% in the year-to-date period compared with the Zacks Consumer &amp; Discretionary sector&#39;s decline of 2.2% due to the anticipation of upcoming games. 
This Zacks Rank #5 (Strong Sell) faces tough competition from companies like NetEase (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntes#NASDAQ">NTES</a>) and Electronic Arts (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>).
According to a report by CSIMarket, NetEase holds a market share of 5.58%, followed by Electronics Arts with 3.05% and Take-Two with 2.15%. 
Take-Two&#39;s legacy franchises, such as GTA and Red Dead Redemption, remain its top contributors. Alongside new game releases, these established titles are anticipated to help the company stay competitive in the near future.
<a href="https://www.zacks.com/stock/news/2286797/take-two-ttwo-to-expand-portfolio-with-upcoming-video-game?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2286797">To read this article on Zacks.com click here.</a>

Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) has outperformed the market over the past 10 years by 3.3% on an annualized basis producing an average annual return of 13.91%. Currently, Electronic Arts has a market capitalization of $36.28 billion. 
Buying $1000 In EA: If an investor had bought $1000 of EA stock 10 years ago, it would be worth $3,791.32 today based on a price of $136.21 for EA at the time of writing.
<h3>Electronic Arts's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718118042_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Electronic Arts 10 Years Ago Would Be Worth This Much Today

Since its release nearly a decade ago, The Sims 4 has largely avoided timed content, with expansion packs and free <a href="https://www.benzinga.com/general/entertainment/23/04/31903137/eas-the-sims-4-breaks-records-with-over-70-million-players">additions available indefinitely. </a>
However, a new update introduces a battle pass-style feature to the game&#8217;s main menu, which has displeased fans.
Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) <a href="https://www.ea.com/games/the-sims/the-sims-4/news/the-sims-4-events?utm_campaign=sims4_hd_ww_ic_soco_twt_ts4-login-events-info-tw&amp;utm_source=twitter&amp;utm_medium=social&amp;cid=80388&amp;ts=1717099135660">detailed</a> its new &#8220;Events&#8221; feature in a blog post, describing each event as a &#8220;limited time experience, centered around a fun theme, with free rewards or gameplay that adds new opportunities to your game.&#8221;
See Also: <a href="https://www.benzinga.com/general/gaming/24/05/39014541/the-sims-4-updates-arrive-soon-faster-gameplay-fewer-glitches-enhanced-performance">The Sims 4 Updates Arrive Soon: Faster Gameplay, Fewer Glitches, Enhanced Performance</a>
Each Event is free and spans four weeks, offering eight rewards, with new rewards unlocking weekly. Players must log in on at least eight different days to claim all rewards.
The first event, &#8220;The Sims 4 Happy at Home Login Event,&#8221; starts on June 13. It includes furniture items, new Sim accessories, a vending machine, and a new trait called Practice Makes Perfect. 
There will be an extra week at the end of each event for players to claim missed rewards, but fans are still upset about the required commitment. 
<h3 class="wp-block-heading">The Sims 4 Update: Fan Reactions and Criticism</h3>
Many have expressed their disappointment on Twitter/X, with some criticizing the game&#8217;s persistent bugs being overlooked in favor of these Events. Others speculate that EA might be setting up microtransactions for Project Rene.
<a href="https://www.ign.com/articles/the-sims-4-is-launching-battle-pass-style-timed-events-and-fans-arent-happy">According</a> to IGN, one Reddit user commented: &#8220;It&#8217;s clear that this is the way EA are wanting to take the franchise. It&#8217;s a shame that EA, a multi-billion dollar company, feels the need to create multiple broken DLC for a high price then think &#8216;nah, we can still make more money.'&#8221; 
The user continued: &#8220;We deserve better than re-colored items from other packs just so the data shows that player numbers are going up. I wish we were given genuine, original free content or better yet, focus on fixing the damn game instead of modders doing it. Things aren&#8217;t looking good for the future of the Sims franchise.&#8221;
EA has confirmed that Project Rene, widely regarded as The Sims 5, will be <a href="https://www.benzinga.com/general/gaming/23/09/34544442/ea-drops-a-game-changer-the-sims-5-to-launch-as-free-download">free-to-play upon release.</a>
Read Next: <a href="https://www.benzinga.com/general/gaming/23/06/33049663/the-sims-5-preview-better-visuals-socialization-hair-customization-no-release-date-yet">&#8216;The Sims 5&#8217; Preview: Better Visuals, Socialization, Hair Customization; No Release Date Yet</a>
Image credits: <a href="https://www.shutterstock.com/es/g/CasimiroPT">Casimiro PT</a> on Shutterstock.

The Nasdaq 100 closed lower by over 100 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Electronic Arts</h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) Chairman and CEO Andrew Wilson <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,500 shares</a> at an average price of $132.24. The insider received around $330,595 from selling those shares.</li>
<li>What's Happening: On May 7, EA said fourth-quarter total net revenue fell 5% year-over-year to $1.779 billion.</li>
<li>What Electronic Arts Does: EA is one of the world&#8217;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Zillow Group</h3>
<ul>
<li>The Trade: Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) CFO Jeremy Hofmann <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,562 shares</a> at an average price of $39.05. The insider received around $334,346 from selling those shares.</li>
<li>What's Happening: On May 1, Zillow posted upbeat quarterly results.</li>
<li>What Zillow Group Does: Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.</li>
</ul>
<h3 class="wp-block-heading">Urban Outfitters</h3>
<ul>
<li>The Trade: Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) Chief Administrative Officer Azeez Hayne <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 13,967 shares</a> at an average price of $41.78. The insider received around $583,541 from selling those shares.</li>
<li>What's Happening: On May 21, Urban Outfitters reported better-than-expected financial results for its first quarter.</li>
<li>What Urban Outfitters Does: Founded in 1970, Philadelphia-based Urban Outfitters is an apparel and home goods retailer that operates more than 700 stores and e-commerce in the United States (87% of fiscal 2024 sales) and other regions.</li>
</ul>
<h3 class="wp-block-heading">Eli Lilly and Company</h3>
<ul>
<li>The Trade: Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) 10% owner Lilly Endowment Inc <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,052 shares</a> at an average price of $809.00. The insider received around $1.66 million from selling those shares.</li>
<li>What's Happening: Eli Lilly, last week, announced it has more than doubled its investment in its Lebanon, Indiana, manufacturing site with a new $5.3 billion commitment, increasing its total investment from $3.7 billion to $9 billion.</li>
<li>What Eli Lilly Does: Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39061580/top-3-tech-and-telecom-stocks-that-could-blast-off-this-quarter">Top 3 Tech And Telecom Stocks That Could Blast Off This Quarter</a>

The Sims 4 has faced technical hurdles over the years, frustrating fans with glitches and performance issues. However, the team is now prioritizing improvements to the core<a href="https://www.benzinga.com/general/entertainment/23/02/30712911/sims-4-takes-a-step-toward-inclusivity-with-new-patch-update-new-customizing-options-for-pl"> game experience.</a>
In a recent statement, The Sims team acknowledged players&#8217; frustrations, saying, &#8220;technical issues with <a href="https://www.benzinga.com/general/entertainment/23/04/31903137/eas-the-sims-4-breaks-records-with-over-70-million-players">The Sims 4 </a>have interrupted your gameplay over time and we recognize that this has caused you much frustration.&#8221;
See Also: <a href="https://www.benzinga.com/general/gaming/23/06/33049663/the-sims-5-preview-better-visuals-socialization-hair-customization-no-release-date-yet">&#8216;The Sims 5&#8217; Preview: Better Visuals, Socialization, Hair Customization; No Release Date Yet</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A message to our loyal community &#x1f49a; Link to the Laundry List: <a href="https://t.co/GrYvp8Si0k">https://t.co/GrYvp8Si0k</a> <a href="https://t.co/u4IhIDLbW8">pic.twitter.com/u4IhIDLbW8</a>
&mdash; The Sims (@TheSims) <a href="https://twitter.com/TheSims/status/1793661216319308202?ref_src=twsrc%5Etfw">May 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The group announced a dedicated effort to address these concerns, promising to increase both the number of fixes and the frequency of updates, with the first update set to arrive by the end of May.
&#8220;We have assembled a team to invest in the core game experience, including tackling your reported concerns,&#8221; the statement continued. This commitment entailed releasing patches approximately every two months, with the first set to arrive soon.
Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) detailed the contents of the upcoming patch in a &#8220;Laundry List,&#8221; primarily focusing on fixing small bugs and enhancing performance.
The team aims to make The Sims 4 run smoother by optimizing memory usage. &#8220;As a result, you may experience fewer crashes, a better frame rate, and/or a more responsive simulation,&#8221; the group stated.
Fans have reacted positively to the news, cautiously optimistic about the improvements. Some speculate that player feedback, including recent in-game surveys, influenced EA&#8217;s decision to prioritize these fixes. 
Despite ongoing development of new The Sims projects, EA reaffirms its commitment to supporting The Sims 4.
Read Next: <a href="https://www.benzinga.com/general/gaming/23/09/34544442/ea-drops-a-game-changer-the-sims-5-to-launch-as-free-download">EA Drops A Game-Changer — &#8216;The Sims 5&#8217; To Launch As Free Download</a>
Photo: Shutterstock.

Eric Kelly, Chief Accounting Officer at Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), reported an insider sell on May 23, according to a new SEC filing. 
What Happened: Kelly's recent move involves selling 3,000 shares of Electronic Arts. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000712515/000112760224016478//Archives/edgar/data/712515/000112760224016478/0001127602-24-016478-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $401,249.
Electronic Arts shares are trading up 0.31% at $134.82 at the time of this writing on Friday morning.
<h3>All You Need to Know About Electronic Arts</h3>
EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.
<h3>Understanding the Numbers: Electronic Arts's Finances</h3>
Revenue Challenges: Electronic Arts's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -5.07%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a high gross margin of 79.93%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Electronic Arts's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.68.
</li>
</ul>
Debt Management: Electronic Arts's debt-to-equity ratio stands notably higher than the industry average, reaching 0.26. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: Electronic Arts's current Price to Earnings (P/E) ratio of 28.72 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 4.83 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 16.81, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000712515">Check Out The Full List Of Electronic Arts's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sell Alert: Eric Kelly Cashes Out $401K In Electronic Arts Stock

Electronic Arts Announced That Its EA Sports FC FUTURES Initiative Has Opened Up Grassroots Football To Over 170,000 People Over The Course Of Its First Year And Unveiled A New Comprehensive Program, Namibia Futures, In Partnership With UNICEF

What's New In Consumer Tech World Last Week? News That You Should Know (May 12-May 19, 2024)

Electronic Arts Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) Madden NFL 25 is reportedly set for release on Aug. 16, <a href="https://www.dealabs.com/magazine/on-connait-la-date-de-sortie-du-prochain-madden-nfl-25-50251">according</a> to a reliable leak by <a href="https://www.benzinga.com/general/gaming/23/10/35333156/playstation-5-slim-us-launch-date-and-bundle-leak-all-you-need-to-know">billbil-kun. </a>
Players who purchase the Deluxe Edition or subscribe to EA Play will have early access starting Aug. 12. The game will come in two editions: the Standard Edition priced at $69.99 and the Deluxe Edition at $99.99.
See Also: <a href="https://www.benzinga.com/general/gaming/24/02/37172804/college-football-video-game-fans-rejoice-eas-ncaa-game-is-almost-here">College Football Video Game Fans Rejoice: EA&#8217;s NCAA Game Is Almost Here</a>
EA Orlando, previously known as EA Tiburon, will develop the game. While the cover athlete for this year&#8217;s installment has not been revealed, a detailed announcement is expected on May 16. This reveal will coincide with the announcement of the cover athlete for College Football 25, marking the first entry in that series since 2013.
Madden NFL 25 is set to feature enhancements to its FieldSense technology, which first appeared in Madden NFL 23, offering more realistic animations and fluid gameplay.
On the same day, Prime Video announced a four-part docuseries about the history of the Madden video game franchise. This adds to the excitement surrounding the release of Madden NFL 25.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/01/36855650/electronic-arts-q3-earnings-highlights-sales-miss-eps-beat-madden-and-soccer-games-power-through">Electronic Arts Q3 Earnings Highlights: Sales Miss, EPS Beat, Madden And Soccer Games Power Through</a>
Photo: Shutterstock.

What's New In Consumer Tech World Last Week? News That You Should Know (May 5-May 11, 2024)

On Thursday, Roblox Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rblx#NYSE">RBLX</a>)&nbsp;dialed back its&nbsp;growth forecasts&nbsp;after its first quarter report reflected a slowdown in player spending due to an&nbsp;uncertain economic outlook and&nbsp;persistently high&nbsp;inflation.&nbsp;Upon the report, the shares of the metaverse giant slid more than 20% in early trading and closed 22% lower on the day. Earlier this week, Electronic Arts Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) also provided a lackluster revenue forecast for the full year.&nbsp;
Electronic Arts- miss and soft guidance.
Electronic Arts slightly missed revenue and earnings estimates with its latest quarterly results. With a revenue drop of 5.1% YoY, Electronic Arts posted sales of&nbsp;$1.78 billion. But while Electronic Arts reported a loss of&nbsp;$0.04 per share&nbsp;for last year&rsquo;s comparable quarter, it now posted&nbsp;GAAP profit of $0.67 per share. All in all, there weren&rsquo;t many positives in the latest quarterly results that Electronic Arts posted as besides having a tough quarter, the video game publisher also announced more challenges lie ahead.
Roblox also cut its forecast
The metaverse giant guided for&nbsp;full-year bookings&nbsp;in the range from&nbsp;$4 billion&nbsp;to&nbsp;$4.10 billion. It previously guided in the range between&nbsp;$4.14 billion&nbsp;and&nbsp;$4.28 billion. As for the current quarter, Roblox also guided for bookings ranging from&nbsp;$870 million to $900 million, attributing its conservative approach due to the fact that Easter happened earlier this year, and thus, its increase in engagement took place during the already reported quarter.
With their latest results, Electronic Arts and Roblox confirmed the hard truth, which is that the gaming industry is struggling with lower engagement. The growth rate of number of hours that users aged 13 and above spent on the platform was Roblox&rsquo;s lowest in two years.
Roblox is toying with digital ads in attempt to diversify revenue.
Earlier this month, Roblox began displaying virtual billboards that featured content from Walmart (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) and others, while it continues to build infrastructure for the ad platform.&nbsp;&nbsp;Brands are getting increasingly interested in Roblox, with the company ending 2023 with&nbsp;strongest brand engagements&nbsp;with&nbsp;more than&nbsp;&nbsp;300 brand activations, including those from Nike Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>), Lego, Ralph Lauren Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rl#NYSE">RL</a>).
Undoubtedly, Roblox is in all the right places, including AI and XR, as it aims to empower every user to become a creator. But, it is also facing intense competition. One of its main rivals, Epic Games, is enabling creators to create experiences and publish them into Fortnite. Although Fortnite has a somewhat older player base, it is undoubtedly going after young gamers as well. Back in February, Epic Games unveiled it made a strategic partnership with Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>).&nbsp;&nbsp;Together, Epic Games and Disney will work on creating an expansive gaming and entertainment universe that will be connected to Fortnite. Besides this ambitious multi-year project, Disney also committed to invest $1.5 billion to acquire an equity stake in Epic Games. By gaining the unique magic of Disney and its content for all ages, Epic Games brought the rivalry with Roblox to a whole new level and became a much bigger threat.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

RBLX

Roblox And Electronic Arts Are Struggling With Muted Player Spending

9 analysts have shared their evaluations of Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Electronic Arts and provided 12-month price targets. The average target is $151.0, accompanied by a high estimate of $162.00 and a low estimate of $135.00. This current average represents a 0.33% decrease from the previous average price target of $151.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1715288412_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Electronic Arts is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Benjamin Soff</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$150.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$154.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$162.00</td>
<td>-</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$150.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Nick McKay</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$162.00</td>
<td>-</td>
</tr>
<tr>
<td>Eric Handler</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Martin Yang</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Mike Hickey</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$153.00</td>
<td>-</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$143.00</td>
<td>$146.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Electronic Arts. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Electronic Arts compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Electronic Arts's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Electronic Arts's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Electronic Arts analyst ratings.</a>
<h2>Discovering Electronic Arts: A Closer Look</h2>
EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.
<h3>Electronic Arts: Financial Performance Dissected</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, Electronic Arts faced challenges, resulting in a decline of approximately -8.53% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Electronic Arts's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 10.23%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.42%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Electronic Arts's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.35%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Electronic Arts's debt-to-equity ratio is below the industry average. With a ratio of 0.25, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 9 Analyst Ratings Have To Say About Electronic Arts

U.S. video game sales fall 3% in April, led by a 43% drop in hardware sales

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The video gaming industry, while robust, is facing some serious challenges. The slowdown in consumer spending, market saturation, and uninspiring video game titles have dampened the industry&rsquo;s position. Moreover, though it&rsquo;s one of the fastest-growing segments in entertainment, video gaming isn&rsquo;t immune to market saturation and fierce competition. Hence, it&rsquo;s probably time to think about the right <a href="https://investorplace.com/industries/technology/video-games/">video game stocks</a> to sell.



 Recent data shows a concerning trend, with U.S. video game sales dipping 3% year-over-year (YOY) in April, totaling $4.1 billion. This decline <a href="https://seekingalpha.com/news/4111260-us-video-game-sales-fall-3-in-april-led-by-a-43-drop-in-hardware-sales">was led by a 43% drop</a> in hardware sales, which fell to $208 million. Meanwhile, video game content sales were up just a modest 2% to $3.74 billion. The gaming hardware sector overall has plummeted at least 26% on a YOY basis. With these concerning stats, here are three video game stocks to offload now.



<h2>GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/gme-stock-4-300x169.jpg" alt="An empty GameStop (GME) store in Dresden, Germany."><div>Source: 1take1shot / Shutterstock.com</div></div>GameStop&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/" target="_blank">GME</a>) investors are reeling following upwards of a $6.4 billion loss in market cap since the peak of the latest meme stock rally. Fueled by the re-emergence of the social media influencer, &lsquo;Roaring Kitty, &lsquo; GME stock witnessed a sharp rise in value along with other <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a>. &nbsp;



However, the temporary buzz around GME stock has done little to mask the underlying problems of its business. Online gaming sales have risen at a breathtaking pace, outpacing growth in physical sales. Though GameStop has looked to reinvent its business in line with industry trends, its efforts so far haven&rsquo;t borne much fruit.&nbsp; 



As a result, revenue change is firmly in the negative at -11%, <a href="https://seekingalpha.com/symbol/GME/growth">behind its 5-year average loss of -7%</a>.&nbsp; Hence, the outlook remains remarkably bleak, with social media hype as its only lifeline. Therefore, serious investors should avoid GME stock at all costs to lower their downside risk.



<h2>Electronic Arts (EA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/ea-1600-300x169.png" alt="EA games logo on a black brick background. EA stock."><div>Source: ricochet64 / Shutterstock</div></div>Electronic Arts (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/ea-stock-quote/">EA</a>) is a popular video game publisher known for its array of classic titles, which have garnered a massive following. Despite operating a consistent business over the years, it is now in unfamiliar territory. The transition from legacy titles to new endeavors poses serious questions about its future growth trajectory.



Though its popular franchises, such as EA Sports FC (formerly FIFA) and Apex Legends, remain profitable, their aging appeal presses the need for fresh intellectual properties. The shift to EA Sports FC, in particular, poses long-term uncertainties, especially once FIFA aligns with a new partner. &nbsp;



In the meantime, EA&rsquo;s investors are facing the brunt of the company&rsquo;s testing transition phase. Its fourth-quarter report showed sales of $1.67 billion, <a href="https://seekingalpha.com/filing/8692311?source=content_type%3Areact%7Csection%3Aearnings_summary%7Csection_asset%3Aearnings_history%7Cfirst_level_url%3Asymbol%7Cbutton%3Afiling-10-K">down roughly 14.4% YOY</a>, while messing estimates by a whopping $104.9 million. In addition, a lackluster fiscal 2025 forecast and broader market challenges are causing this stock to be poised to diminish shareholder value in the foreseeable future.



<h2>Corsair Gaming (CRSR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/corsair_crsr_1600-300x169.jpg" alt="A photo of the Corsair (CRSR) logo on the front of a building in California."><div>Source: Tada Images/ShutterStock.com</div></div>Corsair Gaming (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/crsr-stock-quote/">CRSR</a>) is a commanding player in the gaming and streaming component industry. With a dominant position in its niche, it operates a relatively consistent business, posting healthy top-line growth. However, the recent market headwinds have led to a marked slowdown in its operational results.



Its recently released Q1 results <a href="https://seekingalpha.com/news/4101704-corsair-gaming-non-gaap-eps-of-0_09-misses-0_05-revenue-of-337_26m-misses-25_51m">showed a 4.7% dip in revenues</a> to $337.3 million on a YOY basis while missing estimates by $25.5 million. This represents another quarter where it handily missed estimates on both lines. Moreover, it posted an earnings-per-share of nine cents in Q1, missing estimates by five cents.



Looking ahead, Corsair&rsquo;s outlook for the rest of the year is that it will bank heavily on the success of its peripheral sales and upcoming product launches. Though its management expressed optimism over its performance at the back end of the year, the estimates seem misaligned with current trends. Moreover, with the intense competition in the sector, investors in Corsair stock stand to lose more money.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/06/3-sorry-video-game-stocks-to-sell-now-while-you-still-can-summer-edition/">3 Sorry Video Game Stocks to Sell Now While You Still Can: Summer Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Sorry Video Game Stocks to Sell Now While You Still Can: Summer Edition

Euros 2024: Sports betting and apparel names, beer stocks, and Germany GDP are all in play

Euros 2024: Sports betting and apparel names, beer stocks, and German GDP are all in play

The gaming industry is experiencing a significant surge due to the rising popularity of online gaming and the growing penetration of smartphones & tablets. Hence, it could be wise to buy top gaming stocks, Electronic Arts (EA), Playtika Holding (PLTK), and DoubleDown Interactive (DDI). Read more... Due to technological advancements, people can now connect and play games with others globally. This connectivity has fueled the expansion of the gaming market, which includes diverse platforms and business models. Given the industry's tailwinds, investors could consider buying fundamentally sound gaming stocks, Electronic Arts Inc. (<a href="https://stocknews.com/stock/EA/">EA</a>), Playtika Holding Corp. (<a href="https://stocknews.com/stock/PLTK/">PLTK</a>), and DoubleDown Interactive Co., Ltd. (<a href="https://stocknews.com/stock/DDI/">DDI</a>).
The rise of social gaming platforms, the growing penetration of smartphones and tablets, and interactive digital toys drive the global toys and games market. The return of classic games and toys in original and updated versions and ongoing technological advancements have also fueled the expansion.
IMARC Group expects the global toys and games market to reach $170.90 billion by 2032, exhibiting a <a href="https://www.imarcgroup.com/toys-games-market">CAGR of 4.5%.</a>
Moreover, the <a href="https://www.precedenceresearch.com/video-game-market">rising preference for online gaming</a> is fueling the demand for massively Free2Play (F2P), multiplayer online (MMO), and multiplayer games, a trend that is expected to persist in the foreseeable future. The global video game market is projected to hit around $664.96 billion by 2033, growing at a CAGR of 10.3%.
Considering these encouraging trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/entertainment-video-games/">Entertainment - Toys &amp; Video Games</a> industry stocks, beginning with the third choice.
Stock #3: Electronic Arts Inc. (<a href="https://stocknews.com/stock/EA/">EA</a>)
EA is a global gaming company known for popular franchises like Battlefield, The Sims, and FIFA. It develops, markets, and distributes games across various platforms, utilizing digital and retail channels for sales.
EA's trailing-12-month net income margin of 16.83% is 510.1% higher than the 2.76% industry average. Its trailing-12-month gross profit margin of 77.61% is 56.4% higher than the 49.63% industry average. Likewise, the company's trailing-12-month EBIT margin of 21.82% is 146.1% higher than the 8.87% industry average.
For the fourth quarter, which ended March 31, 2023, EA's total net revenue and gross profit were reported at $1.78 billion and $1.42 billion, respectively. The company generated operating income of $234 million, up 33.7% from the prior year's quarter.
Moreover, its net income came in at $182 million, compared to a loss of $12 million in the previous-year quarter. The company's EPS came in at $0.68, compared to a loss per share of $0.04 in the previous-year quarter.
For the third quarter ending December 31, 2024, EA's revenue is expected to increase 8.7% year-over-year to $2.57 billion. Its EPS for the same quarter is expected to grow 24.2% year-over-year to $3.45.
EA's stock has gained 7.5% over the month to close the last trading session at $136.69.
EA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade for Quality and a B for Value. It is ranked #6 in the 18-stock <a href="https://stocknews.com/category/entertainment-video-games/">Entertainment - Toys &amp; Video Games</a> industry.
Beyond what is stated above, we've also rated EA for Momentum, Growth, Stability, and Sentiment. Get all EA ratings <a href="https://stocknews.com/stock/EA/">here</a>.
Stock #2: Playtika Holding Corp. (<a href="https://stocknews.com/stock/PLTK/">PLTK</a>)
PLTK, headquartered in Herzliya Pituach, Israel, develops mobile games internationally. The company owns a portfolio of casual and social casino-themed games and distributes them to the end customer through various web, mobile, and direct-to-consumer platforms.
In terms of forward <a href="https://www.investopedia.com/terms/e/ev-ebitda.asp">EV/EBITDA</a>, PLTK is trading at 6.25x, 16.4% lower than the industry average of 7.48x. Its forward EV/EBIT multiple of 10.24 is 31.2% lower than the industry average of 14.87. Likewise, the stock's forward EV/Sales of 1.82x is 2% lower than the industry average of 1.86x.
For the fiscal first quarter that ended March 31, 2024, PLTK's revenues were reported at $651.20 million. The company's income from operations came in at $98.10 million. In addition, the company's net income stood at $53 million and net income per share at $0.14.
Street expects PLTK's revenue for the fiscal third quarter (ending September 2024) to increase 1.4% year-over-year to $638.65 million. The company's EPS is expected to rise 73.7% from the prior year's quarter to $0.17.
Over the past three months, the stock has gained 19.7% to close the last trading session at $8.70.
PLTK's strong fundamentals are reflected in its POWR Ratings. Its overall rating is B, which equates to a Buy in our proprietary rating system.
PLTK has an A grade for Value and a B for Stability and Quality. The stock is ranked #2 in the same industry.
<a href="https://stocknews.com/stock/PLTK/">Click here</a> to access the additional PLTK ratings (Growth, Momentum, and Sentiment).
Stock #1: DoubleDown Interactive Co., Ltd. (<a href="https://stocknews.com/stock/DDI/">DDI</a>)
DDI develops and publishes web-based casual games and mobile applications in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Undead World: Hero Survival games.
In terms of forward Price/Book, DDI is trading at 0.04x, 98% lower than the industry average of 1.95x. Its forward EV/EBIT multiple of 3.16 is 78.6% lower than the industry average of 4.80. Likewise, the stock's forward EV/Sales of 1.09x is 41% lower than the industry average of 1.85x.
In the fiscal 2024 first quarter, which ended on March 31, 2024, DDI's revenue grew 13.5% year-over-year to $88.10 million, and its adjusted EBITDA grew 25.6% from the prior-year quarter to $31.90 million. Moreover, the company's net income and EPS amounted to $30.36 million and $12.23, up 28.3% and 28.1% year-over-year, respectively.
The consensus revenue estimate of $83.44 million for the fiscal second quarter ending June 2024 reflects an 11% year-over-year improvement. Its EPS is expected to be $0.49 for the same quarter. Moreover, it has surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of DDI have soared 54.9% over the past six months to close the last trading session at $12.86.
DDI's POWR Ratings reflect bright prospects. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
DDI has an A grade for Value, Sentiment, and Quality and a B in Growth. It is ranked first in the same industry.
In addition to the POWR Ratings highlighted above, one can access DDI's ratings for Momentum and Sentiment <a href="https://stocknews.com/stock/DDI/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
EA shares were trading at $135.88 per share on Wednesday afternoon, down $0.81 (-0.59%). Year-to-date, EA has declined -0.40%, versus a 14.20% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/ea-pltk-ddi-level-up-your-investments-with-these-3-gaming-stocks/>Level up Your Investments With These 3 Gaming Stocks</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Level up Your Investments With These 3 Gaming Stocks

Electronic Arts: Milking Instead Of Sowing

50 S&P stocks with biggest exposure to international sales - Goldman Sachs

Electronic Arts in focus as Stifel ups price target ahead of catalysts

Layoffs in tech sector reach nearly 100,000 year to date: tracker

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The <a href="https://investorplace.com/industries/technology/video-games/">video game stocks</a> haven&rsquo;t exactly been on a hot run of late. Undoubtedly, discretionary spending isn&rsquo;t in the greatest spot these days, with inflation still a huge concern for many. Still, I do see value in some of the sold-off video game plays, even as most others look to dismiss them as dead money. 



When it comes to video games, there&rsquo;s big money to be made. But, at the same time, significant capital expenditures with no guarantee of success could make for a rather choppy stock chart. Indeed, that&rsquo;s the nature of the entertainment content creation business these days.



As video games become more immersive and realistic, perhaps with more virtual reality (VR) titles eventually paving a path to the metaverse, the gaming plays seem worth checking out while they&rsquo;re down and out.



In this piece, we&rsquo;ll look at three video game stocks that show lots of promise.



<h2>Electronic Arts (EA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ea1600f-1-300x169.jpg" alt="Electronic Arts logo on a wall"><div>Source: Rick Neves / Shutterstock.com</div></div>Electronic Arts (NASDAQ:<a href="https://investorplace.com/stock-quotes/ea-stock-quote/">EA</a>) stock has been in a sideways correction (or period of price consolidation) for a number of years now. Undoubtedly, there&rsquo;s nothing at all exciting about EA stock while it&rsquo;s going for $140 and change, perhaps other than the fairly modest price of admission.



The stock trades at 18.9 times forward price-to-earnings (P/E), which is not a high price to pay for a firm with a wealth of top video game franchises. Not to mention EA pretty much has a monopoly in triple-A sports titles. Whether you&rsquo;re a fan of the NHL, Madden, Soccer (or football as it&rsquo;s sometimes referred to outside of America), or MLB, odds are you already have an EA Sports title in your library.



Up ahead, EA Sports College Football and Dragon Age: The Veilguard are intriguing releases that could help move the needle. Stifel&rsquo;s Drew Crum thinks these two titles are <a href="https://seekingalpha.com/news/4118291-electronic-arts-in-focus-as-stifel-ups-price-target-ahead-of-catalysts?source=apple_news%253Anews">less-appreciated catalysts</a> that could propel the stock. I think he&rsquo;s right; EA stock&rsquo;s too cheap here.



<h2>Ubisoft Entertainment (UBSFY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/videogames1600c-300x169.jpg" alt=""><div>Source: Shutterstock</div></div>Ubisoft Entertainment (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ubsfy-stock-quote/">UBSFY</a>) is a French video-gaming firm that&rsquo;s worth going over the counter for while it&rsquo;s trading at multi-year depths. The company is behind a number of franchises, Assassin&rsquo;s Creed being the most notable among them. Unlike EA stock, which has gone sideways for years, UBSFY shares have been in a horrendous multi-year slide. At writing, the stock is off more than 80% from its July 2018 peak. 



Despite a library of strong franchises, Ubisoft has stumbled with some big-budget flops in recent years. Skull &amp; Bones, a title Ubisoft called referred to as &ldquo;<a href="https://www.forbes.com/sites/paultassi/2024/02/10/skull-and-bones-is-a-70-game-because-its-quadruple-a-says-ubisoft/">quadruple-A</a>&ldquo;, was a notable underperformer that shows incredibly ambitious projects are no guarantee of solid returns. 



With Assassin&rsquo;s Creed: Shadows launching later this year, perhaps Ubisoft has what it takes to catch a bid higher. The franchise has quite the following and may just help the dirt-cheap stock reverse course.



<h2>Tencent Holdings (TCEHY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/tcehy-stock-1-300x169.jpg" alt=""><div>Source: Shutterstock </div></div>Tencent Holdings (OTCMKTS:<a href="https://investorplace.com/stock-quotes/tcehy-stock-quote/">TCEHY</a>) is a Chinese internet giant that looks like the best value in video gaming right now. At writing, TCEHY stock is still down over 50% from its February 2021 highs. The firm behind the popular Chinese super-app WeChat may not be a video game pure-play, but it punches well above its weight class, backing numerous firms behind some of the world&rsquo;s most popular games. 



The company owns a majority holding in Clash of Clans maker Supercell, a partial holding in Fortnite maker Epic Games, all of Riot Games, the firm behind League of Legends, and stakes in many other gaming studios. These are profoundly successful titles that remain popular many years after their initial release. 



With a library of stellar video game investments, Tencent could be the firm to own if you want exposure to live service games that can act as major cash cows for years, even decades, following launch. With Supercell launching its first new game, <a href="https://seekingalpha.com/news/4111082-tencent-owned-supercell-releases-first-mobile-game-in-five-years-in-search-for-next-hit?source=apple_news%253Anews">Squad Busters</a>, in five years, questions linger as to whether it will have staying power as the hit sensation that was Clash of Clans.



On the date of publication, Joey Frenette did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines</a>.
<div>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/06/smart-play-3-video-game-stocks-to-buy-on-sale-now/">Smart Play: 3 Video Game Stocks to Buy on Sale Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.


Angus S. King, Jr.Senate (I-ME)	$1K - $15K	Purchase	Jan 16, 2024	Dec 27, 2023	Senate
William KeatingHouse (D-MA)	$1K - $15K	Sale	Jul 31, 2023	Jul 20, 2023	House
Daniel GoldmanHouse (D-NY)	$1K - $15K	Sale	Apr 17, 2023	Mar 06, 2023	House
Angus S. King, Jr.Senate (I-ME)	$1K - $15K	Purchase	Jan 18, 2023	Dec 21, 2022	Senate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government Trades

Electronic Arts Inc

top performing EA trades