TCW Group Inc. Buys 2,193 Shares of Electronic Arts Inc. (NASDAQ:EA)

TCW Group Inc. raised its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,507 shares of the game software company’s stock after acquiring an additional 2,193 shares during the period. TCW Group Inc.’s holdings in Electronic Arts were worth $2,395,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Leith Wheeler Investment Counsel Ltd. grew its holdings in Electronic Arts by 269.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after buying an additional 154,989 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Electronic Arts in the fourth quarter valued at about $30,000. Venturi Wealth Management LLC increased its position in Electronic Arts by 81.0% during the fourth quarter. Venturi Wealth Management LLC now owns 228 shares of the game software company’s stock worth $31,000 after acquiring an additional 102 shares during the period. Private Wealth Management Group LLC bought a new position in Electronic Arts during the fourth quarter worth about $31,000. Finally, CVA Family Office LLC acquired a new stake in Electronic Arts in the 4th quarter worth about $38,000. Institutional investors own 90.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EA shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Roth Mkm cut their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Benchmark restated a “buy” rating and issued a $153.00 price target on shares of Electronic Arts in a research report on Thursday, April 18th. Robert W. Baird dropped their price target on Electronic Arts from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Electronic Arts Trading Up 0.5 %

Shares of EA stock traded up $0.66 during mid-day trading on Friday, reaching $135.06. 1,648,650 shares of the stock traded hands, compared to its average volume of 2,440,134. The company has a market cap of $35.98 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $129.53 and its two-hundred day simple moving average is $134.71. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $144.53.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, May 29th. Electronic Arts’s payout ratio is 16.24%.

Insider Buying and Selling at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the transaction, the chief executive officer now directly owns 28,430 shares of the company’s stock, valued at approximately $4,048,147.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Laura Miele sold 2,000 shares of Electronic Arts stock in a transaction on Friday, March 1st. The shares were sold at an average price of $139.08, for a total transaction of $278,160.00. Following the completion of the transaction, the chief operating officer now owns 36,772 shares of the company’s stock, valued at $5,114,249.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 2,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $142.39, for a total transaction of $355,975.00. Following the completion of the transaction, the chief executive officer now owns 28,430 shares in the company, valued at approximately $4,048,147.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,539 shares of company stock worth $3,532,914. 0.20% of the stock is currently owned by company insiders.

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.