Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,052 shares of the game software company’s stock after acquiring an additional 3,138 shares during the quarter. Electronic Arts comprises 1.4% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Foster Victor Wealth Advisors LLC’s holdings in Electronic Arts were worth $17,615,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of EA. Ashton Thomas Securities LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter worth $25,000. Pinnacle Bancorp Inc. increased its position in Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Reston Wealth Management LLC purchased a new position in Electronic Arts during the third quarter worth about $36,000. Bruce G. Allen Investments LLC boosted its holdings in Electronic Arts by 156.6% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Argus increased their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Oppenheimer reduced their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. StockNews.com raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Finally, UBS Group boosted their target price on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Twelve research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $158.05.

Electronic Arts Price Performance

EA stock opened at $116.53 on Wednesday. The business has a 50 day moving average price of $150.52 and a 200 day moving average price of $148.52. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market cap of $30.56 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.87 and a beta of 0.80. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the sale, the chief executive officer now directly owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares in the company, valued at approximately $7,969,926.99. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $3,986,385. 0.22% of the stock is owned by corporate insiders.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.