Moors & Cabot Inc. Sells 69 Shares of Electronic Arts Inc. (NASDAQ:EA)

Moors & Cabot Inc. lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,378 shares of the game software company’s stock after selling 69 shares during the period. Moors & Cabot Inc.’s holdings in Electronic Arts were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EA. Ashton Thomas Securities LLC purchased a new stake in Electronic Arts during the third quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Electronic Arts during the 2nd quarter valued at about $28,000. Family Firm Inc. bought a new position in shares of Electronic Arts in the 2nd quarter valued at about $33,000. New Covenant Trust Company N.A. purchased a new position in Electronic Arts in the first quarter worth about $35,000. Finally, Reston Wealth Management LLC bought a new stake in Electronic Arts during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Analyst Upgrades and Downgrades

EA has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $163.00 target price on shares of Electronic Arts in a research note on Wednesday, October 30th. Bank of America lifted their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group increased their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wedbush restated an “outperform” rating and set a $170.00 target price on shares of Electronic Arts in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

Electronic Arts Stock Performance

Shares of EA stock opened at $166.67 on Friday. The firm has a market cap of $43.71 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 2.19 and a beta of 0.78. Electronic Arts Inc. has a 52-week low of $124.92 and a 52-week high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $149.36 and its 200 day moving average is $143.84.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.54%.

Insider Activity at Electronic Arts

In related news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $158.03, for a total transaction of $395,075.00. Following the transaction, the insider now directly owns 50,433 shares of the company’s stock, valued at $7,969,926.99. This represents a 4.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $151.70, for a total value of $151,700.00. Following the completion of the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This represents a 3.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,384 shares of company stock valued at $4,776,635 over the last quarter. 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.