Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its position in Electronic Arts Inc. (NASDAQ:EA) by 2.8% during the third quarter, Holdings Channel reports. The firm 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 SEC.

Several other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Electronic Arts by 496.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares during the last quarter. Benchmark Investment Advisors LLC acquired a new position in shares of Electronic Arts in the 1st quarter valued at about $361,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Electronic Arts in the first quarter worth about $189,055,000. Jacobs Levy Equity Management Inc. acquired a new stake in Electronic Arts during the first quarter worth about $25,445,000. Finally, B. Riley Wealth Advisors Inc. raised its position in Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after acquiring an additional 97 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EA has been the subject of several recent research reports. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group increased their target price on shares of Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Roth Mkm lifted their price target on Electronic Arts from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Raymond James increased their price target on Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird upped their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Electronic Arts Stock Performance

NASDAQ EA opened at $166.67 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s fifty day moving average is $149.36 and its two-hundred day moving average is $143.84. The firm has a market capitalization of $43.71 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be issued a $0.19 dividend. 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 is currently 19.54%.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $148.88, for a total transaction of $372,200.00. Following the completion of the transaction, the chief executive officer now owns 56,747 shares of the company’s stock, valued at approximately $8,448,493.36. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 7,384 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $149.91, for a total value of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares in the company, valued at approximately $4,675,692.90. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,384 shares of company stock worth $4,776,635. Insiders own 0.22% of the company’s stock.

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.