Electronic Arts Inc. (NASDAQ:EA) Position Reduced by TCW Group Inc.

TCW Group Inc. lowered its stake in Electronic Arts Inc. (NASDAQ:EA) by 8.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,970 shares of the game software company’s stock after selling 1,254 shares during the period. TCW Group Inc.’s holdings in Electronic Arts were worth $2,004,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in Electronic Arts by 18.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,419 shares of the game software company’s stock worth $1,173,000 after purchasing an additional 1,294 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Electronic Arts by 206.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 81,679 shares of the game software company’s stock worth $11,380,000 after buying an additional 55,020 shares during the last quarter. Blue Trust Inc. lifted its holdings in Electronic Arts by 230.3% during the 2nd quarter. Blue Trust Inc. now owns 1,242 shares of the game software company’s stock worth $165,000 after buying an additional 866 shares during the last quarter. Gradient Investments LLC grew its position in shares of Electronic Arts by 592.1% in the 2nd quarter. Gradient Investments LLC now owns 263 shares of the game software company’s stock worth $37,000 after acquiring an additional 225 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its holdings in shares of Electronic Arts by 10.4% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 119,845 shares of the game software company’s stock valued at $17,578,000 after acquiring an additional 11,268 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total value of $164,450.00. Following the transaction, the insider now owns 30,216 shares of the company’s stock, valued at approximately $4,969,021.20. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $146.58, for a total value of $219,870.00. Following the sale, the executive vice president now owns 26,360 shares of the company’s stock, valued at $3,863,848.80. This trade represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,000 shares of company stock valued at $3,086,270. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EA shares. Benchmark restated a “buy” rating and set a $163.00 price objective on shares of Electronic Arts in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. UBS Group boosted their price objective on shares of Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Roth Mkm increased their price objective on shares of Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research note on Wednesday, September 18th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Electronic Arts Stock Down 0.8 %

EA stock opened at $162.59 on Friday. The firm’s 50-day moving average is $155.72 and its two-hundred day moving average is $147.22. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $42.64 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 2.18 and a beta of 0.79. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be given a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.47%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

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.