Foster Victor Wealth Advisors LLC Increases Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Foster Victor Wealth Advisors LLC boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,052 shares of the game software company’s stock after buying an additional 3,138 shares during the quarter. Electronic Arts makes up approximately 1.4% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Electronic Arts were worth $17,615,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EA. Atomi Financial Group Inc. purchased a new stake in Electronic Arts during the fourth quarter valued at approximately $217,000. Huntington National Bank increased its position in shares of Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock worth $36,993,000 after purchasing an additional 234,098 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its holdings in shares of Electronic Arts by 20.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after purchasing an additional 11,058 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Electronic Arts by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock worth $12,078,000 after purchasing an additional 4,702 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new position in Electronic Arts during the 3rd quarter worth $5,597,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $116.53 on Wednesday. The company has a market capitalization of $30.56 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The company’s fifty day moving average price is $150.52 and its 200 day moving average price is $148.52. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $163.30, for a total value of $244,950.00. Following the transaction, the executive vice president now directly owns 23,360 shares of the company’s stock, valued at approximately $3,814,688. This trade represents a 6.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the completion of the sale, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. The trade was a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock valued at $3,986,385 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EA shares. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $177.00 in a report on Thursday, October 31st. Oppenheimer lowered their target price on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating and cut their price target for the company from $160.00 to $145.00 in a research note on Thursday, January 23rd. Roth Mkm lowered their price objective on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, Wedbush reissued an “outperform” rating and set a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Electronic Arts currently has a consensus rating of “Hold” and an average target price of $158.05.

Electronic Arts 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.