Foster Victor Wealth Advisors LLC Reduces Position in Electronic Arts Inc. $EA

Key Points

• Foster Victor Wealth Advisors slashed its stake in Electronic Arts by 92.7% in Q4, selling 87,128 shares and leaving it with 6,844 shares valued at about $1.398 million.
• Insiders have been net sellers: CFO Stuart Canfield sold 1,500 shares and CEO Andrew Wilson sold 5,000 shares, and insiders sold a total of 27,600 shares worth ~$5.55 million in the past 90 days.
• EA trades near its 52-week high (opened $202.85 vs. $204.88 high), has a market cap of about $50.8 billion and a high P/E (~76.3); analysts' consensus is a "Hold" with an average target of $188.30 and a 0.4% dividend yield.

Foster Victor Wealth Advisors LLC cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 92.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,844 shares of the game software company's stock after selling 87,128 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Electronic Arts were worth $1,398,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Electronic Arts by 9.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,188 shares of the game software company's stock worth $447,000 after purchasing an additional 189 shares during the period. Sage Mountain Advisors LLC grew its position in Electronic Arts by 5.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 1,614 shares of the game software company's stock worth $330,000 after purchasing an additional 83 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in Electronic Arts during the 4th quarter worth about $424,000. Howard Capital Management Inc. grew its position in Electronic Arts by 2.3% during the 4th quarter. Howard Capital Management Inc. now owns 6,267 shares of the game software company's stock worth $1,281,000 after purchasing an additional 142 shares during the period. Finally, Apollon Wealth Management LLC grew its position in Electronic Arts by 4.5% during the 4th quarter. Apollon Wealth Management LLC now owns 4,898 shares of the game software company's stock worth $1,001,000 after purchasing an additional 209 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Trading Up 0.1%

EA stock opened at $202.85 on Wednesday. The company's 50-day simple moving average is $201.17 and its 200-day simple moving average is $202.01. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 52-week low of $141.04 and a 52-week high of $204.88. The firm has a market cap of $50.76 billion, a P/E ratio of 76.26, a PEG ratio of 2.18 and a beta of 0.73.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts's dividend payout ratio is presently 28.57%.

Insider Activity

In other news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer directly owned 5,897 shares of the company's stock, valued at $1,178,810.30. This represents a 20.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $199.95, for a total transaction of $999,750.00. Following the sale, the chief executive officer directly owned 28,858 shares in the company, valued at approximately $5,770,157.10. The trade was a 14.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,600 shares of company stock valued at $5,553,319. Insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

EA has been the topic of several analyst reports. Citigroup cut their price target on Electronic Arts from $207.00 to $202.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. UBS Group reaffirmed a "neutral" rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $188.30.

Electronic Arts 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.

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