Foster & Motley Inc. Has $812,000 Holdings in Electronic Arts Inc. $EA

Foster & Motley Inc. reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,085 shares of the game software company’s stock after selling 140 shares during the quarter. Foster & Motley Inc.’s holdings in Electronic Arts were worth $812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EA. MassMutual Private Wealth & Trust FSB raised its position in Electronic Arts by 3.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,023 shares of the game software company’s stock worth $323,000 after purchasing an additional 72 shares during the last quarter. Bank of Jackson Hole Trust raised its position in Electronic Arts by 56.4% in the 1st quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the last quarter. Financial Management Professionals Inc. raised its position in Electronic Arts by 13.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 636 shares of the game software company’s stock worth $102,000 after purchasing an additional 76 shares during the last quarter. Conning Inc. raised its position in Electronic Arts by 4.7% in the 1st quarter. Conning Inc. now owns 1,749 shares of the game software company’s stock worth $253,000 after purchasing an additional 78 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in Electronic Arts by 7.8% in the 1st quarter. Rosenberg Matthew Hamilton now owns 1,121 shares of the game software company’s stock worth $162,000 after purchasing an additional 81 shares during the last quarter. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Trading Down 0.0%

Electronic Arts stock opened at $200.30 on Monday. The firm has a 50-day moving average of $180.90 and a 200-day moving average of $160.64. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $203.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $50.12 billion, a price-to-earnings ratio of 50.20, a P/E/G ratio of 3.04 and a beta of 0.77.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

Analyst Ratings Changes

EA has been the subject of several research analyst reports. Robert W. Baird restated a “neutral” rating and issued a $210.00 price objective (up previously from $170.00) on shares of Electronic Arts in a research report on Monday, September 29th. Wells Fargo & Company set a $168.00 price objective on shares of Electronic Arts and gave the stock an “equal weight” rating in a research report on Monday, July 28th. DZ Bank cut shares of Electronic Arts from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 29th. Bank of America upped their target price on shares of Electronic Arts from $166.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, HSBC cut shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $191.00 target price for the company. in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $177.00.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $200.31, for a total value of $240,372.00. Following the transaction, the insider directly owned 32,331 shares of the company’s stock, valued at $6,476,222.61. This represents a 3.58% 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 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total transaction of $863,950.00. Following the transaction, the chief executive officer directly owned 47,393 shares in the company, valued at $8,189,036.47. This represents a 9.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $6,745,437 in the last three months. Insiders own 0.24% of the company’s stock.

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.