Chevy Chase Trust Holdings LLC Cuts Stock Position in Electronic Arts Inc. $EA

Chevy Chase Trust Holdings LLC decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The fund 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 quarter.

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

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total value of $997,500.00. Following the completion of the sale, the chief executive officer directly owned 33,858 shares of the company’s stock, valued at approximately $6,754,671. This represents a 12.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at $1,178,810.30. This trade represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,900 shares of company stock worth $3,814,066 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Electronic Arts Price Performance

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

Electronic Arts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid 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 yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

EA has been the topic of several recent research reports. Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Citigroup dropped their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $188.30.

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.