TCW Group Inc. Raises Position in Electronic Arts Inc. (EA)

TCW Group Inc. boosted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 104.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 50,515 shares of the game software company’s stock after buying an additional 25,775 shares during the period. TCW Group Inc.’s holdings in Electronic Arts were worth $3,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EA. Bessemer Group Inc. raised its position in shares of Electronic Arts by 3,410.0% in the fourth quarter. Bessemer Group Inc. now owns 1,404 shares of the game software company’s stock worth $111,000 after buying an additional 1,364 shares in the last quarter. Archford Capital Strategies LLC raised its stake in Electronic Arts by 1,407.3% in the second quarter. Archford Capital Strategies LLC now owns 1,447 shares of the game software company’s stock valued at $110,000 after buying an additional 1,351 shares during the period. Global X Management Co. LLC raised its stake in Electronic Arts by 113.9% in the third quarter. Global X Management Co. LLC now owns 1,587 shares of the game software company’s stock valued at $136,000 after buying an additional 845 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Electronic Arts by 270.5% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,630 shares of the game software company’s stock valued at $139,000 after buying an additional 1,190 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in Electronic Arts during the third quarter valued at approximately $140,000.

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

Shares of Electronic Arts Inc. (NASDAQ:EA) traded up 1.389% during mid-day trading on Wednesday, reaching $87.255. The company’s stock had a trading volume of 1,127,633 shares. The firm has a market capitalization of $26.90 billion, a PE ratio of 21.184 and a beta of 0.65. The firm has a 50-day moving average of $81.29 and a 200-day moving average of $80.94. Electronic Arts Inc. has a 52 week low of $57.32 and a 52 week high of $87.49.

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A number of brokerages have issued reports on EA. Vetr downgraded Electronic Arts from a “hold” rating to a “sell” rating and set a $73.10 price target on the stock. in a research report on Monday, December 5th. Barclays PLC reiterated an “overweight” rating and set a $94.00 price target (up previously from $88.00) on shares of Electronic Arts in a research report on Thursday, November 3rd. Mizuho increased their price target on Electronic Arts from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 2nd. MKM Partners reiterated a “buy” rating and set a $95.00 price target on shares of Electronic Arts in a research report on Thursday, November 3rd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $91.00 price target (up previously from $83.00) on shares of Electronic Arts in a research report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. Electronic Arts has a consensus rating of “Buy” and a consensus target price of $89.46.

In other Electronic Arts news, Director Richard A. Simonson bought 6,575 shares of the stock in a transaction dated Friday, November 18th. The stock was bought at an average cost of $78.06 per share, for a total transaction of $513,244.50. Following the completion of the purchase, the director now directly owns 30,456 shares of the company’s stock, valued at $2,377,395.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 8,000 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $77.18, for a total value of $617,440.00. Following the sale, the chief executive officer now owns 222,706 shares of the company’s stock, valued at $17,188,449.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,827 shares of company stock valued at $7,967,634. 3.46% of the stock is owned by insiders.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

5 Day Chart for NASDAQ:EA

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