Foster & Motley Inc. Sells 140 Shares of Electronic Arts Inc. $EA

Foster & Motley Inc. reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F 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 period. Foster & Motley Inc.’s holdings in Electronic Arts were worth $812,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Electronic Arts by 0.5% in the first quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company’s stock valued at $4,198,607,000 after purchasing an additional 150,438 shares during the last quarter. Ninety One UK Ltd grew its position in shares of Electronic Arts by 4.6% in the second quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company’s stock valued at $695,645,000 after purchasing an additional 193,442 shares during the last quarter. Independent Franchise Partners LLP grew its position in shares of Electronic Arts by 2.3% in the first quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company’s stock valued at $570,233,000 after purchasing an additional 88,767 shares during the last quarter. Invesco Ltd. grew its position in shares of Electronic Arts by 15.6% in the first quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company’s stock valued at $539,563,000 after purchasing an additional 504,760 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company’s stock valued at $470,197,000 after purchasing an additional 1,254,194 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Cowen downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Wedbush reissued a “neutral” rating and set a $200.00 target price on shares of Electronic Arts in a research report on Monday, September 29th. UBS Group set a $210.00 target price on Electronic Arts and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Jefferies Financial Group downgraded Electronic Arts from a “buy” rating to a “hold” rating and lifted their target price for the stock from $200.00 to $210.00 in a research report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued 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, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $177.00.

Electronic Arts Stock Down 0.0%

NASDAQ EA opened at $200.30 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $180.90 and its two-hundred day moving average is $160.64. The company has a market capitalization of $50.12 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 3.04 and a beta of 0.77. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $203.75.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 27th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts’s payout ratio is presently 19.05%.

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $201.79, for a total transaction of $504,475.00. Following the sale, the insider directly owned 53,092 shares of the company’s stock, valued at approximately $10,713,434.68. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jacob J. Schatz sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $200.80, for a total value of $240,960.00. Following the completion of the transaction, the executive vice president directly owned 24,880 shares in the company, valued at $4,995,904. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,900 shares of company stock valued at $6,745,437. Corporate 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.