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

Foster & Motley Inc. trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 15.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,179 shares of the game software company’s stock after selling 1,095 shares during the period. Foster & Motley Inc.’s holdings in Electronic Arts were worth $886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisory Alpha LLC lifted its stake in shares of Electronic Arts by 51.0% in the 1st quarter. Advisory Alpha LLC now owns 2,238 shares of the game software company’s stock valued at $297,000 after purchasing an additional 756 shares in the last quarter. Duality Advisers LP purchased a new stake in Electronic Arts during the first quarter worth approximately $1,711,000. Empirical Finance LLC increased its position in shares of Electronic Arts by 3.2% in the first quarter. Empirical Finance LLC now owns 9,620 shares of the game software company’s stock worth $1,276,000 after acquiring an additional 296 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Electronic Arts by 25.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 32,947 shares of the game software company’s stock valued at $4,371,000 after acquiring an additional 6,766 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Electronic Arts by 23.7% during the 1st quarter. Empowered Funds LLC now owns 9,631 shares of the game software company’s stock valued at $1,278,000 after acquiring an additional 1,844 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Activity

In related news, CFO Stuart Canfield sold 1,260 shares of Electronic Arts stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $148.37, for a total value of $186,946.20. Following the sale, the chief financial officer now directly owns 7,553 shares in the company, valued at $1,120,638.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Stuart Canfield sold 1,260 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $148.37, for a total value of $186,946.20. Following the sale, the chief financial officer now directly owns 7,553 shares in the company, valued at $1,120,638.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $148.88, for a total value of $372,200.00. Following the transaction, the chief executive officer now owns 56,747 shares of the company’s stock, valued at $8,448,493.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,144 shares of company stock valued at $3,886,282. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on EA. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research note on Wednesday, October 30th. TD Cowen boosted their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer boosted their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Stock Up 1.3 %

Shares of Electronic Arts stock opened at $160.00 on Friday. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $160.31. The stock has a market capitalization of $41.96 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 2.00 and a beta of 0.78. The company has a current ratio of 1.43, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $145.54 and its 200-day simple moving average is $141.03.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s payout ratio is 19.54%.

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.