Chevy Chase Trust Holdings LLC Sells 1,891 Shares of Electronic Arts Inc. (NASDAQ:EA)

Chevy Chase Trust Holdings LLC decreased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,830 shares of the game software company’s stock after selling 1,891 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Electronic Arts were worth $18,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC grew its stake in Electronic Arts by 1.3% during the fourth quarter. Jennison Associates LLC now owns 6,339 shares of the game software company’s stock valued at $867,000 after acquiring an additional 84 shares in the last quarter. MCF Advisors LLC raised its position in shares of Electronic Arts by 36.9% in the fourth quarter. MCF Advisors LLC now owns 356 shares of the game software company’s stock worth $49,000 after buying an additional 96 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Electronic Arts by 4.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,194 shares of the game software company’s stock valued at $291,000 after buying an additional 97 shares during the period. Claro Advisors LLC grew its position in Electronic Arts by 5.6% during the first quarter. Claro Advisors LLC now owns 1,881 shares of the game software company’s stock worth $250,000 after buying an additional 100 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its stake in Electronic Arts by 102.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock worth $27,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Down 0.4 %

Shares of NASDAQ:EA traded down $0.62 during trading on Tuesday, reaching $149.05. 1,137,178 shares of the company traded hands, compared to its average volume of 2,147,739. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 52-week low of $117.47 and a 52-week high of $153.51. The firm has a market capitalization of $39.61 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 2.28 and a beta of 0.79. The business’s fifty day moving average is $143.06 and its 200-day moving average is $136.71.

Electronic Arts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.76 annualized dividend and a yield of 0.51%. Electronic Arts’s payout ratio is currently 16.24%.

Analyst Ratings Changes

Several brokerages have recently commented on EA. Stifel Nicolaus boosted their price objective on Electronic Arts from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen increased their price target on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Electronic Arts from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Bank of America upped their target price on shares of Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group began coverage on Electronic Arts in a research report on Thursday, July 11th. They set a “buy” rating and a $165.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.28.

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 4,639 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85. Following the completion of the transaction, the chief executive officer now owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Electronic Arts news, Director Luis A. Ubinas sold 2,126 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $146.77, for a total value of $312,033.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 4,639 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $134.15, for a total value of $622,321.85. Following the completion of the transaction, the chief executive officer now directly owns 66,747 shares of the company’s stock, valued at approximately $8,954,110.05. The disclosure for this sale can be found here. Insiders have sold a total of 24,365 shares of company stock valued at $3,382,352 in the last quarter. Insiders own 0.22% of the company’s stock.

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.