Chevy Chase Trust Holdings LLC Sells 3,849 Shares of Electronic Arts Inc. $EA

Chevy Chase Trust Holdings LLC reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 3.1% in the 2nd quarter, Holdings Channel reports. The firm owned 120,532 shares of the game software company’s stock after selling 3,849 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Electronic Arts were worth $19,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust lifted its position in Electronic Arts by 56.4% in the first quarter. Bank of Jackson Hole Trust now owns 208 shares of the game software company’s stock worth $30,000 after purchasing an additional 75 shares during the period. Frazier Financial Advisors LLC lifted its position in Electronic Arts by 328.9% in the second quarter. Frazier Financial Advisors LLC now owns 193 shares of the game software company’s stock worth $31,000 after purchasing an additional 148 shares during the period. Wayfinding Financial LLC bought a new position in Electronic Arts in the first quarter worth $39,000. Costello Asset Management INC bought a new position in Electronic Arts in the first quarter worth $40,000. Finally, ORG Partners LLC lifted its position in Electronic Arts by 47.6% in the second quarter. ORG Partners LLC now owns 251 shares of the game software company’s stock worth $40,000 after purchasing an additional 81 shares during the period. 90.23% of the stock is owned by institutional investors.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $200.30 on Friday. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $203.75. The firm has a market cap of $50.12 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The business has a fifty day moving average of $180.90 and a 200-day moving average of $160.53.

Electronic Arts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were paid a $0.19 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 19.05%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group set a $210.00 target price on Electronic Arts and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. BMO Capital Markets lifted their price objective on Electronic Arts from $166.00 to $210.00 and gave the company a “market perform” rating in a report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a report on Wednesday, October 8th. Roth Capital cut Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $185.00 to $210.00 in a report on Thursday, October 2nd. Finally, TD Cowen cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $177.00.

Insider Buying and Selling

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $172.79, for a total value of $863,950.00. Following the completion of the sale, the chief executive officer directly owned 47,393 shares in the company, valued at approximately $8,189,036.47. This trade represents a 9.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $200.31, for a total value of $240,372.00. Following the completion of the sale, the insider owned 32,331 shares of the company’s stock, valued at approximately $6,476,222.61. This trade represents a 3.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,900 shares of company stock valued at $7,506,487 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

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.