Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,174 shares of the game software company’s stock after selling 1,444 shares during the period. Foster & Motley Inc.’s holdings in Electronic Arts were worth $1,255,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EA. Bray Capital Advisors boosted its position in Electronic Arts by 100.0% during the third quarter. Bray Capital Advisors now owns 220 shares of the game software company’s stock worth $26,000 after acquiring an additional 110 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after purchasing an additional 102 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $38,000. MCF Advisors LLC increased its stake in Electronic Arts by 36.9% in the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock valued at $49,000 after purchasing an additional 96 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Electronic Arts during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $162.00 price objective on shares of Electronic Arts in a report on Wednesday, January 31st. BMO Capital Markets initiated coverage on shares of Electronic Arts in a report on Tuesday, January 9th. They issued an “outperform” rating and a $160.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $150.00 price objective on shares of Electronic Arts in a report on Tuesday. Benchmark reiterated a “buy” rating and issued a $153.00 target price on shares of Electronic Arts in a report on Thursday, April 18th. Finally, Stifel Nicolaus raised their price objective on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Electronic Arts has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the transaction, the chief executive officer now directly owns 30,930 shares in the company, valued at approximately $4,295,558.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Jeff Huber sold 11,872 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $141.90, for a total transaction of $1,684,636.80. Following the completion of the transaction, the director now directly owns 79,381 shares in the company, valued at approximately $11,264,163.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $138.88, for a total value of $347,200.00. Following the completion of the sale, the chief executive officer now owns 30,930 shares in the company, valued at $4,295,558.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,144 shares of company stock valued at $5,143,560. Company insiders own 0.20% of the company’s stock.

Electronic Arts Price Performance

Shares of EA stock opened at $127.14 on Wednesday. The firm has a fifty day moving average of $134.30 and a two-hundred day moving average of $134.57. The firm has a market cap of $33.99 billion, a P/E ratio of 32.03, a P/E/G ratio of 1.76 and a beta of 0.76. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.38). Electronic Arts had a net margin of 14.09% and a return on equity of 20.58%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Electronic Arts Inc. will post 5.36 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 0.60%. Electronic Arts’s payout ratio is 19.14%.

Electronic Arts Company 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.