Foundations Investment Advisors LLC Raises Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Foundations Investment Advisors LLC boosted its stake in Electronic Arts Inc. (NASDAQ:EA) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,632 shares of the game software company’s stock after buying an additional 94 shares during the period. Foundations Investment Advisors LLC’s holdings in Electronic Arts were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Creative Planning boosted its holdings in shares of Electronic Arts by 14.5% in the 2nd quarter. Creative Planning now owns 25,325 shares of the game software company’s stock worth $3,528,000 after purchasing an additional 3,213 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Electronic Arts by 6.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,111 shares of the game software company’s stock valued at $712,000 after acquiring an additional 332 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Electronic Arts during the 2nd quarter worth approximately $749,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Electronic Arts by 16,966.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 204,457 shares of the game software company’s stock worth $28,487,000 after purchasing an additional 203,259 shares during the period. Finally, Czech National Bank lifted its position in Electronic Arts by 5.6% in the third quarter. Czech National Bank now owns 48,976 shares of the game software company’s stock valued at $7,025,000 after purchasing an additional 2,616 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EA shares. BMO Capital Markets cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $160.00 to $145.00 in a report on Thursday, January 23rd. DZ Bank upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and boosted their price objective for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. BNP Paribas lowered shares of Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Monday, January 27th. Argus boosted their price target on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Oppenheimer lowered their price target on Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.43.

Insider Buying and Selling

In other news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $163.30, for a total transaction of $244,950.00. Following the sale, the executive vice president now owns 23,360 shares in the company, valued at $3,814,688. This represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the transaction, the insider now owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. The trade was a 3.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $3,835,555 in the last 90 days. Insiders own 0.22% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $122.91 on Friday. The company has a 50 day simple moving average of $147.66 and a two-hundred day simple moving average of $147.94. 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 market capitalization of $32.24 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 2.38 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.

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.