TCW Group Inc. Has $2.12 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

TCW Group Inc. cut its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 1.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,224 shares of the game software company’s stock after selling 278 shares during the quarter. TCW Group Inc.’s holdings in Electronic Arts were worth $2,121,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Electronic Arts by 14.7% in the first quarter. Vanguard Group Inc. now owns 29,159,718 shares of the game software company’s stock worth $3,868,620,000 after purchasing an additional 3,727,251 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Electronic Arts by 496.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,511,250 shares of the game software company’s stock worth $333,169,000 after purchasing an additional 2,090,504 shares during the last quarter. Norges Bank bought a new stake in shares of Electronic Arts in the fourth quarter worth $281,054,000. Swedbank AB bought a new stake in shares of Electronic Arts in the first quarter worth $201,935,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Electronic Arts in the first quarter worth $189,055,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Electronic Arts Price Performance

Shares of NASDAQ EA opened at $148.36 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 1-year low of $117.47 and a 1-year high of $153.51. The firm has a market capitalization of $39.42 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.28 and a beta of 0.79. The firm’s 50-day moving average price is $142.55 and its 200-day moving average price is $136.54.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.51%. Electronic Arts’s dividend payout ratio is presently 16.24%.

Analyst Upgrades and Downgrades

EA has been the topic of several analyst reports. Oppenheimer boosted their price objective on shares of Electronic Arts from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Robert W. Baird upped their price target on shares of Electronic Arts from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Benchmark upped their price target on shares of Electronic Arts from $153.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group upped their price target on shares of Electronic Arts from $139.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.28.

Insider Buying and Selling

In related news, Director Luis A. Ubinas sold 2,126 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $146.77, for a total value of $312,033.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Electronic Arts news, Director Luis A. Ubinas sold 2,126 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $146.77, for a total value of $312,033.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the sale, the chief executive officer now owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The disclosure for this sale can be found here. Insiders have sold 24,365 shares of company stock worth $3,382,352 in the last quarter. Insiders own 0.22% of the company’s stock.

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.