Foster & Motley Inc. Has $815,000 Position in Electronic Arts Inc. (NASDAQ:EA)

Foster & Motley Inc. lessened its stake in Electronic Arts Inc. (NASDAQ:EA) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,572 shares of the game software company’s stock after selling 607 shares during the period. Foster & Motley Inc.’s holdings in Electronic Arts were worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EA. Swedbank AB boosted its position in shares of Electronic Arts by 6.3% during the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after acquiring an additional 95,190 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its position in Electronic Arts by 2.6% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 124,052 shares of the game software company’s stock worth $17,615,000 after purchasing an additional 3,138 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after purchasing an additional 373,730 shares during the period. Stonegate Investment Group LLC boosted its holdings in Electronic Arts by 25.3% during the fourth quarter. Stonegate Investment Group LLC now owns 1,939 shares of the game software company’s stock valued at $284,000 after purchasing an additional 391 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in shares of Electronic Arts by 2.4% in the 4th quarter. Perigon Wealth Management LLC now owns 6,321 shares of the game software company’s stock worth $894,000 after buying an additional 147 shares in the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EA. Oppenheimer lowered their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. UBS Group upped their target price on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Argus lifted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America cut shares of Electronic Arts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $130.00 in a research note on Thursday, January 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $173.00 target price on shares of Electronic Arts in a report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.43.

Electronic Arts Stock Performance

Shares of Electronic Arts stock opened at $122.91 on Friday. The firm has a fifty day moving average of $147.66 and a two-hundred day moving average of $147.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $32.24 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.38 and a beta of 0.80. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the sale, the insider now owns 30,216 shares of the company’s stock, valued at $4,969,021.20. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the transaction, the chief executive officer now owns 42,615 shares of the company’s stock, valued at $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,835,555 over the last three months. Company insiders own 0.22% of the company’s stock.

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.