Mackenzie Financial Corp Has $20.82 Million Stock Holdings in Electronic Arts Inc. (NASDAQ:EA)

Mackenzie Financial Corp lifted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,282 shares of the game software company's stock after buying an additional 27,680 shares during the period. Mackenzie Financial Corp owned 0.05% of Electronic Arts worth $20,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Whipplewood Advisors LLC bought a new position in Electronic Arts in the 4th quarter worth about $32,000. LGT Financial Advisors LLC bought a new stake in Electronic Arts during the 4th quarter valued at $33,000. Millstone Evans Group LLC acquired a new position in Electronic Arts during the 4th quarter worth $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts during the fourth quarter valued at about $41,000. Finally, OFI Invest Asset Management acquired a new stake in Electronic Arts in the fourth quarter worth about $42,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $168.00 price target on Electronic Arts in a research report on Wednesday, May 7th. Roth Capital reiterated a "neutral" rating on shares of Electronic Arts in a report on Wednesday, May 7th. TD Cowen raised their target price on shares of Electronic Arts from $160.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. UBS Group upped their price target on Electronic Arts from $152.00 to $167.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Benchmark raised their price objective on Electronic Arts from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $161.88.

Electronic Arts Stock Up 0.3%

Shares of Electronic Arts stock traded up $0.38 during trading on Friday, hitting $143.22. 5,544,453 shares of the stock traded hands, compared to its average volume of 2,739,520. The stock has a market cap of $35.91 billion, a P/E ratio of 36.44, a PEG ratio of 3.58 and a beta of 0.74. The company has a fifty day moving average price of $145.65 and a two-hundred day moving average price of $144.34. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts's dividend payout ratio (DPR) is currently 17.92%.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $142.50, for a total value of $712,500.00. Following the completion of the sale, the chief executive officer now owns 32,615 shares of the company's stock, valued at approximately $4,647,637.50. This represents a 13.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,729 shares of company stock worth $4,107,664. Company insiders own 0.22% of the company's stock.

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.