Tidal Investments LLC Has $6.55 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

Tidal Investments LLC raised its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 20.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,630 shares of the game software company's stock after purchasing an additional 7,786 shares during the quarter. Tidal Investments LLC's holdings in Electronic Arts were worth $6,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EA. D. E. Shaw & Co. Inc. raised its holdings in shares of Electronic Arts by 43.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,418 shares of the game software company's stock valued at $193,727,000 after purchasing an additional 420,382 shares during the period. National Bank of Canada FI raised its stake in Electronic Arts by 214.8% in the second quarter. National Bank of Canada FI now owns 533,548 shares of the game software company's stock valued at $73,264,000 after buying an additional 364,044 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Electronic Arts by 29.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company's stock valued at $215,725,000 after buying an additional 354,005 shares during the last quarter. abrdn plc increased its holdings in shares of Electronic Arts by 59.2% during the 3rd quarter. abrdn plc now owns 858,840 shares of the game software company's stock worth $123,484,000 after acquiring an additional 319,335 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Electronic Arts by 8,503.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 318,085 shares of the game software company's stock worth $45,626,000 after acquiring an additional 314,388 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Andrew Wilson sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now owns 29,190 shares in the company, valued at approximately $4,181,175.60. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,000 shares of company stock worth $3,086,270. Corporate insiders own 0.22% of the company's stock.

Electronic Arts Price Performance

Shares of NASDAQ EA traded down $4.97 during trading hours on Friday, hitting $157.62. 2,820,875 shares of the stock were exchanged, compared to its average volume of 2,043,518. The company's fifty day simple moving average is $156.02 and its two-hundred day simple moving average is $147.38. The company has a market cap of $41.34 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. Electronic Arts Inc. has a 1-year low of $124.92 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.48%. Electronic Arts's dividend payout ratio (DPR) is currently 19.54%.

Analyst Upgrades and Downgrades

A number of research firms have commented on EA. BMO Capital Markets reaffirmed an "outperform" rating and set a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Electronic Arts from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 31st. Benchmark restated a "buy" rating and set a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $160.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Roth Mkm lifted their price target on Electronic Arts from $154.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Seven equities 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $165.37.

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.