Foster Victor Wealth Advisors LLC Purchases 3,138 Shares of Electronic Arts Inc. (NASDAQ:EA)

Foster Victor Wealth Advisors LLC boosted its position in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 124,052 shares of the game software company's stock after purchasing an additional 3,138 shares during the period. Electronic Arts comprises 1.4% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 18th largest position. Foster Victor Wealth Advisors LLC's holdings in Electronic Arts were worth $17,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EA. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts in the third quarter valued at about $25,000. Pinnacle Bancorp Inc. grew its stake in Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock valued at $29,000 after buying an additional 117 shares during the last quarter. Reston Wealth Management LLC bought a new position in Electronic Arts in the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC lifted its position in Electronic Arts by 156.6% during the third quarter. Bruce G. Allen Investments LLC now owns 272 shares of the game software company's stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after acquiring an additional 70 shares during the period. Institutional investors own 90.23% of the company's stock.

Analysts Set New Price Targets

EA has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Electronic Arts from $167.00 to $159.00 and set a "hold" rating on the stock in a research note on Tuesday, January 21st. StockNews.com raised Electronic Arts from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Raymond James lowered shares of Electronic Arts from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $173.00 price objective on shares of Electronic Arts in a report on Thursday, January 23rd. Twelve investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $158.05.

Electronic Arts Price Performance

NASDAQ EA traded up $0.57 during trading on Wednesday, hitting $117.10. 4,315,853 shares of the company's stock were exchanged, compared to its average volume of 3,928,381. The stock's 50 day moving average price is $150.52 and its two-hundred day moving average price is $148.52. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $30.71 billion, a PE ratio of 30.10, a P/E/G ratio of 1.87 and a beta of 0.80.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total value of $395,075.00. Following the completion of the transaction, the insider now owns 50,433 shares of the company's stock, valued at $7,969,926.99. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at approximately $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $3,986,385 in the last three months. 0.22% of the stock is owned by corporate insiders.

About Electronic Arts

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.