2,613 Shares in Electronic Arts Inc. $EA Purchased by Foster & Motley Inc.

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

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Electronic Arts during the 2nd quarter worth approximately $5,125,838,000. Pentwater Capital Management LP lifted its holdings in shares of Electronic Arts by 128.1% in the fourth quarter. Pentwater Capital Management LP now owns 10,950,000 shares of the game software company’s stock valued at $2,237,414,000 after purchasing an additional 6,150,000 shares in the last quarter. Norges Bank purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $643,674,000. HBK Investments L P purchased a new position in shares of Electronic Arts during the fourth quarter valued at approximately $390,267,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Electronic Arts during the second quarter valued at approximately $269,846,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Transactions at Electronic Arts

In related news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the transaction, the chief executive officer owned 80,974 shares in the company, valued at approximately $16,447,438.88. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.00, for a total transaction of $243,600.00. Following the sale, the insider owned 26,360 shares of the company’s stock, valued at $5,351,080. This trade represents a 4.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,700 shares of company stock worth $1,766,950 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

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

Electronic Arts Price Performance

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

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

Electronic Arts Company Profile

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.