Foster Victor Wealth Advisors LLC Raises Holdings in Electronic Arts Inc. (NASDAQ:EA)

Foster Victor Wealth Advisors LLC increased its position in Electronic Arts Inc. (NASDAQ:EA) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,914 shares of the game software company’s stock after buying an additional 1,069 shares during the quarter. Electronic Arts comprises about 1.2% 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 $17,380,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EA. NBC Securities Inc. increased its holdings in Electronic Arts by 2.1% in the 3rd quarter. NBC Securities Inc. now owns 8,530 shares of the game software company’s stock valued at $1,223,000 after purchasing an additional 178 shares in the last quarter. Creative Planning increased its holdings in Electronic Arts by 5.3% in the 3rd quarter. Creative Planning now owns 26,676 shares of the game software company’s stock valued at $3,826,000 after purchasing an additional 1,351 shares in the last quarter. First Affirmative Financial Network acquired a new stake in Electronic Arts in the 3rd quarter valued at $240,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Electronic Arts by 28.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 52,563 shares of the game software company’s stock valued at $7,539,000 after purchasing an additional 11,573 shares in the last quarter. Finally, JGP Wealth Management LLC increased its holdings in Electronic Arts by 5.9% in the 3rd quarter. JGP Wealth Management LLC now owns 6,030 shares of the game software company’s stock valued at $865,000 after purchasing an additional 334 shares in the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total transaction of $356,050.00. Following the sale, the chief executive officer now owns 59,247 shares of the company’s stock, valued at $8,437,957.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $143.24, for a total value of $143,240.00. Following the transaction, the insider now owns 29,190 shares in the company, valued at approximately $4,181,175.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $142.42, for a total transaction of $356,050.00. Following the completion of the transaction, the chief executive officer now owns 59,247 shares in the company, valued at approximately $8,437,957.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,270 shares of company stock valued at $3,426,705 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Stock Performance

EA opened at $146.42 on Wednesday. The business’s 50 day moving average is $145.26 and its 200-day moving average is $138.86. The stock has a market cap of $38.91 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.95 and a beta of 0.79. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a twelve month low of $119.92 and a twelve month high of $153.51.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, July 30th. The game software company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Electronic Arts had a return on equity of 16.34% and a net margin of 15.77%. On average, analysts predict that Electronic Arts Inc. will post 5.93 earnings per share for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s payout ratio is 16.24%.

Wall Street Analysts Forecast Growth

EA has been the subject of several recent analyst reports. Raymond James raised their target price on Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their target price on Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. BNP Paribas upgraded Electronic Arts to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen raised their target price on Electronic Arts from $163.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group began coverage on Electronic Arts in a research note on Thursday, July 11th. They set a “buy” rating and a $165.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.94.

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.