Chevy Chase Trust Holdings LLC Sells 3,669 Shares of Electronic Arts Inc. (NASDAQ:EA)

Chevy Chase Trust Holdings LLC lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,243 shares of the game software company’s stock after selling 3,669 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Electronic Arts were worth $18,323,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC boosted its position in shares of Electronic Arts by 10.0% during the 4th quarter. V Square Quantitative Management LLC now owns 10,432 shares of the game software company’s stock worth $1,526,000 after purchasing an additional 951 shares in the last quarter. Avestar Capital LLC bought a new position in shares of Electronic Arts during the 4th quarter worth about $230,000. Portfolio Design Labs LLC boosted its position in shares of Electronic Arts by 18.8% during the 4th quarter. Portfolio Design Labs LLC now owns 25,065 shares of the game software company’s stock worth $3,667,000 after purchasing an additional 3,968 shares in the last quarter. Sovran Advisors LLC bought a new position in shares of Electronic Arts during the 4th quarter worth about $214,000. Finally, Arlington Partners LLC boosted its position in shares of Electronic Arts by 1.0% during the 4th quarter. Arlington Partners LLC now owns 28,004 shares of the game software company’s stock worth $4,097,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Oppenheimer dropped their price target on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their price target on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Roth Mkm dropped their price target on shares of Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Finally, DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $177.00 in a research report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $155.24.

Electronic Arts Trading Down 0.3 %

Shares of EA stock opened at $129.40 on Friday. The company has a 50 day moving average of $140.43 and a 200-day moving average of $146.88. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market cap of $33.72 billion, a P/E ratio of 32.93, a PEG ratio of 2.74 and a beta of 0.79.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Sell-side analysts anticipate that Electronic Arts Inc. will post 4.99 earnings per share for the current year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 0.59%. Electronic Arts’s payout ratio is currently 19.34%.

Insider Transactions at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $156.27, for a total value of $234,405.00. Following the completion of the transaction, the executive vice president now directly owns 24,886 shares in the company, valued at approximately $3,888,935.22. The trade was a 5.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the completion of the transaction, the chief executive officer now owns 52,615 shares of the company’s stock, valued at $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock worth $3,644,635 in the last quarter. Insiders own 0.22% of the company’s stock.

About Electronic Arts

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.