Cumberland Partners Ltd Purchases 22,372 Shares of Electronic Arts Inc. (NASDAQ:EA)

Cumberland Partners Ltd increased its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 894.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,872 shares of the game software company's stock after buying an additional 22,372 shares during the period. Cumberland Partners Ltd's holdings in Electronic Arts were worth $3,639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EA. Creative Planning boosted its holdings in Electronic Arts by 5.3% in the third quarter. Creative Planning now owns 26,676 shares of the game software company's stock worth $3,826,000 after acquiring an additional 1,351 shares in the last quarter. Blue Trust Inc. grew its position in Electronic Arts by 139.5% during the 3rd quarter. Blue Trust Inc. now owns 2,975 shares of the game software company's stock valued at $414,000 after purchasing an additional 1,733 shares during the last quarter. Raymond James & Associates increased its stake in Electronic Arts by 10.7% during the 3rd quarter. Raymond James & Associates now owns 129,387 shares of the game software company's stock valued at $18,559,000 after purchasing an additional 12,468 shares in the last quarter. Signaturefd LLC increased its stake in Electronic Arts by 5.8% during the 3rd quarter. Signaturefd LLC now owns 4,371 shares of the game software company's stock valued at $627,000 after purchasing an additional 238 shares in the last quarter. Finally, GAM Holding AG raised its holdings in Electronic Arts by 14.2% in the third quarter. GAM Holding AG now owns 72,657 shares of the game software company's stock worth $10,422,000 after buying an additional 9,035 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Electronic Arts Price Performance

Shares of EA stock traded up $1.13 on Friday, reaching $131.12. The company's stock had a trading volume of 1,926,444 shares, compared to its average volume of 4,139,954. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock's fifty day simple moving average is $137.62 and its 200-day simple moving average is $146.34. The company has a market capitalization of $34.17 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 3.54 and a beta of 0.79.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Analysts forecast that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.58%. Electronic Arts's dividend payout ratio is presently 19.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EA shares. JPMorgan Chase & Co. cut their price target on shares of Electronic Arts from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Oppenheimer cut their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Moffett Nathanson raised Electronic Arts from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research report on Friday, January 31st. Finally, BNP Paribas lowered Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 target price for the company. in a research report on Monday, January 27th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $154.55.

Insider Activity at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $130.83, for a total transaction of $327,075.00. Following the transaction, the insider now directly owns 47,514 shares of the company's stock, valued at approximately $6,216,256.62. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the completion of the sale, the insider now owns 30,216 shares of the company's stock, valued at $4,969,021.20. The trade was a 3.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,500 shares of company stock worth $2,812,285. Insiders own 0.22% of the company's stock.

Electronic Arts 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.