Moors & Cabot Inc. Purchases 116 Shares of Electronic Arts Inc. (NASDAQ:EA)

Moors & Cabot Inc. boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 4.9% during the fourth quarter, HoldingsChannel reports. The fund owned 2,494 shares of the game software company’s stock after buying an additional 116 shares during the quarter. Moors & Cabot Inc.’s holdings in Electronic Arts were worth $365,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in EA. Swedbank AB grew its position in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after purchasing an additional 95,190 shares in the last quarter. Atomi Financial Group Inc. bought a new position in Electronic Arts in the 4th quarter worth about $217,000. Charles Schwab Investment Management Inc. grew its holdings in Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock valued at $213,089,000 after buying an additional 36,153 shares in the last quarter. Fisher Funds Management LTD bought a new stake in shares of Electronic Arts during the fourth quarter valued at about $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Electronic Arts in the fourth quarter worth about $13,845,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. The trade was a 9.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $156.27, for a total transaction of $234,405.00. Following the completion of the sale, the executive vice president now directly owns 24,886 shares of the company’s stock, valued at approximately $3,888,935.22. This represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,500 shares of company stock valued at $3,428,645. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EA. Benchmark decreased their target price on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets lowered their price objective on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Raymond James cut Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Citigroup lowered their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Moffett Nathanson raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $154.78.

Electronic Arts Trading Up 0.7 %

Shares of EA stock opened at $138.71 on Friday. The business has a 50-day moving average of $132.85 and a 200 day moving average of $144.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50. The stock has a market capitalization of $36.15 billion, a PE ratio of 35.30, a P/E/G ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s payout ratio is 19.34%.

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.