Electronic Arts Inc. $EA Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,952 shares of the game software company’s stock after selling 5,580 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Electronic Arts were worth $23,186,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its holdings in shares of Electronic Arts by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock worth $28,000 after purchasing an additional 69 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in shares of Electronic Arts in the third quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Electronic Arts by 131.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock worth $34,000 after buying an additional 95 shares in the last quarter. MTM Investment Management LLC purchased a new position in Electronic Arts during the second quarter worth approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Electronic Arts during the second quarter worth $37,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Insider Activity at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the transaction, the chief financial officer owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $200.63, for a total transaction of $240,756.00. Following the completion of the sale, the insider owned 31,160 shares of the company’s stock, valued at $6,251,630.80. This trade represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,900 shares of company stock valued at $3,814,066 in the last ninety days. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EA. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Citigroup lowered their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $188.30.

Electronic Arts Stock Up 0.5%

Shares of NASDAQ:EA opened at $200.21 on Tuesday. The company has a market capitalization of $50.10 billion, a price-to-earnings ratio of 75.27, a PEG ratio of 2.37 and a beta of 0.75. Electronic Arts Inc. has a 12-month low of $131.15 and a 12-month high of $204.88. The business has a 50-day moving average price of $201.85 and a 200 day moving average price of $197.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 25th. 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 currently 28.57%.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.