Foster & Motley Inc. Takes $536,000 Position in Electronic Arts Inc. $EA

Foster & Motley Inc. acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,613 shares of the game software company’s stock, valued at approximately $536,000.

A number of other hedge funds have also bought and sold shares of EA. Ascentis Independent Advisors bought a new stake in Electronic Arts during the first quarter valued at $27,000. Torren Management LLC grew its holdings in Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock worth $27,000 after acquiring an additional 94 shares during the period. MV Capital Management Inc. bought a new position in shares of Electronic Arts in the 4th quarter worth about $28,000. Meeder Asset Management Inc. bought a new position in shares of Electronic Arts in the 2nd quarter worth about $31,000. Finally, Asset Planning Inc acquired a new position in shares of Electronic Arts in the 1st quarter valued at about $32,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA stock opened at $209.70 on Friday. The stock has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The company’s 50-day moving average is $207.14 and its 200-day moving average is $203.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. Electronic Arts Inc. has a 1 year low of $159.10 and a 1 year high of $210.20.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.The company had revenue of $1.99 billion during the quarter.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.00, for a total value of $243,600.00. Following the completion of the sale, the insider owned 26,360 shares of the company’s stock, valued at approximately $5,351,080. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total value of $507,750.00. Following the sale, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 8,700 shares of company stock worth $1,766,950. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EA. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a report on Saturday, June 6th. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Citigroup raised their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $206.50.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.