Moore Capital Management LP Acquires 50,136 Shares of Electronic Arts Inc. $EA

Moore Capital Management LP lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 1,030.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,000 shares of the game software company’s stock after buying an additional 50,136 shares during the period. Moore Capital Management LP’s holdings in Electronic Arts were worth $11,094,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EA. Brighton Jones LLC lifted its holdings in shares of Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after purchasing an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after purchasing an additional 190 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Electronic Arts during the 2nd quarter worth approximately $252,000. Finally, Allworth Financial LP increased its position in Electronic Arts by 72.3% during the 2nd quarter. Allworth Financial LP now owns 2,014 shares of the game software company’s stock worth $322,000 after purchasing an additional 845 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the transaction, the chief financial officer owned 5,897 shares in the company, valued at approximately $1,178,810.30. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the transaction, the insider directly owned 48,343 shares in the company, valued at $9,645,878.79. The trade was a 4.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,900 shares of company stock worth $3,814,066 in the last three months. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EA has been the topic of a number of research analyst reports. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup dropped their price target on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating on shares of Electronic Arts in a 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 stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $188.30.

Electronic Arts Stock Up 0.5%

Shares of NASDAQ EA opened at $200.21 on Tuesday. The company has a 50 day simple moving average of $201.85 and a 200 day simple moving average of $197.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. Electronic Arts Inc. has a 1 year low of $131.15 and a 1 year high of $204.88. The firm has a market cap of $50.10 billion, a PE ratio of 75.27, a price-to-earnings-growth ratio of 2.37 and a beta of 0.75.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

Electronic Arts Company 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.