TCW Group Inc. Trims Stock Position in Electronic Arts Inc. (NASDAQ:EA)

TCW Group Inc. cut its position in Electronic Arts Inc. (NASDAQ:EA) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,804 shares of the game software company’s stock after selling 1,166 shares during the quarter. TCW Group Inc.’s holdings in Electronic Arts were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of EA. Fisher Funds Management LTD purchased a new position in shares of Electronic Arts during the fourth quarter worth about $3,730,000. Waterfront Wealth Inc. lifted its position in Electronic Arts by 1.9% during the fourth quarter. Waterfront Wealth Inc. now owns 7,419 shares of the game software company’s stock valued at $1,085,000 after purchasing an additional 140 shares during the last quarter. Flossbach Von Storch SE grew its stake in Electronic Arts by 31.3% in the 4th quarter. Flossbach Von Storch SE now owns 80,502 shares of the game software company’s stock worth $11,777,000 after buying an additional 19,199 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Electronic Arts by 5.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock worth $249,000 after buying an additional 90 shares during the last quarter. Finally, Cumberland Partners Ltd raised its position in shares of Electronic Arts by 894.9% during the 4th quarter. Cumberland Partners Ltd now owns 24,872 shares of the game software company’s stock valued at $3,639,000 after buying an additional 22,372 shares in the last quarter. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on EA. Citigroup reduced their target price on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Argus lifted their price target on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and upped their price objective for the company from $135.00 to $177.00 in a research note on Thursday, October 31st. Bank of America lifted their target price on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Finally, Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Electronic Arts currently has a consensus rating of “Hold” and an average price target of $154.55.

Electronic Arts Stock Up 2.4 %

Shares of NASDAQ:EA opened at $134.05 on Tuesday. The firm has a market capitalization of $34.94 billion, a P/E ratio of 34.11, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a 50 day moving average price of $136.64 and a 200-day moving average price of $146.16. Electronic Arts Inc. has a 52-week low of $115.21 and a 52-week high of $168.50.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, equities research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now directly owns 28,216 shares of the company’s stock, valued at approximately $3,443,198.48. This represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $148.00, for a total value of $740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,500 shares of company stock valued at $3,593,095. Corporate insiders own 0.22% of the company’s stock.

About Electronic Arts

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.