Holocene Advisors LP Has $2.43 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Holocene Advisors LP increased its position in Electronic Arts Inc. (NASDAQ:EA) by 22.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,914 shares of the game software company’s stock after buying an additional 3,150 shares during the period. Holocene Advisors LP’s holdings in Electronic Arts were worth $2,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Electronic Arts in the third quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Electronic Arts in the 2nd quarter worth $28,000. Family Firm Inc. bought a new position in shares of Electronic Arts in the 2nd quarter worth $33,000. Reston Wealth Management LLC acquired a new stake in Electronic Arts in the 3rd quarter valued at $36,000. Finally, Gradient Investments LLC increased its stake in Electronic Arts by 592.1% during the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock valued at $37,000 after purchasing an additional 225 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Insider Transactions at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’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 transaction of $164,450.00. Following the sale, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $146.58, for a total transaction of $219,870.00. Following the completion of the transaction, the executive vice president now owns 26,360 shares of the company’s stock, valued at $3,863,848.80. This represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,000 shares of company stock worth $3,086,270. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Electronic Arts in a research note on Friday, October 25th. Argus raised their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. BMO Capital Markets reissued an “outperform” rating and set a $160.00 price objective (up from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. DZ Bank upgraded Electronic Arts from a “hold” rating to a “buy” rating and raised their target price for the company from $135.00 to $177.00 in a report on Thursday, October 31st. Finally, UBS Group upped their price target on Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Trading Down 1.1 %

NASDAQ:EA opened at $165.62 on Friday. The firm’s 50 day moving average is $153.08 and its 200 day moving average is $145.96. Electronic Arts Inc. has a 12 month low of $124.92 and a 12 month high of $168.50. The stock has a market capitalization of $43.44 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. Electronic Arts’s dividend payout ratio is presently 19.54%.

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.