Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,912 shares of the game software company’s stock after selling 3,918 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Electronic Arts were worth $18,491,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ninety One UK Ltd raised its position in shares of Electronic Arts by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,283,539 shares of the game software company’s stock worth $596,825,000 after buying an additional 53,237 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Electronic Arts by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,185,476 shares of the game software company’s stock worth $583,162,000 after purchasing an additional 18,376 shares during the period. Legal & General Group Plc lifted its stake in shares of Electronic Arts by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 2,639,691 shares of the game software company’s stock valued at $367,789,000 after purchasing an additional 53,800 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Electronic Arts by 3.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,088,170 shares of the game software company’s stock worth $290,945,000 after purchasing an additional 76,621 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Electronic Arts by 29.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,548,261 shares of the game software company’s stock worth $215,725,000 after purchasing an additional 354,005 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Trading Up 1.0 %

NASDAQ:EA opened at $167.70 on Wednesday. Electronic Arts Inc. has a 52 week low of $124.92 and a 52 week high of $168.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $43.98 billion, a PE ratio of 43.11, a P/E/G ratio of 2.17 and a beta of 0.79. The business’s 50 day moving average is $152.04 and its two-hundred day moving average is $145.52.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Wednesday, November 27th. Electronic Arts’s dividend payout ratio is presently 19.54%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EA shares. Robert W. Baird lifted their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. UBS Group upped their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price objective on Electronic Arts from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $160.00 target price (up previously from $154.00) on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, Argus raised their target price on Electronic Arts from $161.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $165.37.

Insider Buying and Selling at Electronic Arts

In related news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $164.45, for a total transaction of $164,450.00. Following the completion of the transaction, the insider now directly owns 30,216 shares in the company, valued at $4,969,021.20. This represents a 3.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $141.50, for a total value of $353,750.00. Following the completion of the sale, the chief executive officer now owns 54,247 shares in the company, valued at $7,675,950.50. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $3,086,270 over the last 90 days. 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.