Chevy Chase Trust Holdings LLC Has $19.25 Million Stake in Electronic Arts Inc. $EA

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Electronic Arts Inc. by 3.1% during Q2, holding approximately $19.25 million worth of shares as of the latest SEC filing.
• Insider trading activity includes CFO Stuart Canfield selling 6,500 shares and CEO Andrew Wilson selling 5,000 shares, reflecting significant decreases in their ownership of the company's stock.
• Electronic Arts' stock has experienced recent downgrades from several analysts, with firms like DZ Bank downgrading it from a "strong-buy" to a "strong sell."

Chevy Chase Trust Holdings LLC decreased its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,532 shares of the game software company's stock after selling 3,849 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Electronic Arts were worth $19,249,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 29,052,085 shares of the game software company's stock valued at $4,198,607,000 after purchasing an additional 150,438 shares during the period. Ninety One UK Ltd increased its holdings in shares of Electronic Arts by 4.6% in the 2nd quarter. Ninety One UK Ltd now owns 4,355,950 shares of the game software company's stock valued at $695,645,000 after purchasing an additional 193,442 shares during the period. Independent Franchise Partners LLP increased its holdings in shares of Electronic Arts by 2.3% in the 1st quarter. Independent Franchise Partners LLP now owns 3,945,702 shares of the game software company's stock valued at $570,233,000 after purchasing an additional 88,767 shares during the period. Invesco Ltd. increased its holdings in shares of Electronic Arts by 15.6% in the 1st quarter. Invesco Ltd. now owns 3,733,481 shares of the game software company's stock valued at $539,563,000 after purchasing an additional 504,760 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Electronic Arts by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,253,505 shares of the game software company's stock worth $470,197,000 after buying an additional 1,254,194 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Buying and Selling

In other news, CFO Stuart Canfield sold 6,500 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $203.40, for a total value of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares of the company's stock, valued at approximately $1,045,476. This represents a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $172.79, for a total value of $863,950.00. Following the completion of the sale, the chief executive officer directly owned 47,393 shares of the company's stock, valued at $8,189,036.47. This represents a 9.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,900 shares of company stock valued at $7,506,487 in the last ninety days. Company insiders own 0.24% of the company's stock.

Electronic Arts Stock Down 0.0%

Shares of Electronic Arts stock opened at $200.30 on Friday. The stock has a market capitalization of $50.12 billion, a P/E ratio of 50.20, a PEG ratio of 3.04 and a beta of 0.77. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $180.90 and a two-hundred day moving average price of $160.53. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Electronic Arts's dividend payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EA. DZ Bank downgraded Electronic Arts from a "strong-buy" rating to a "strong sell" rating in a report on Monday, September 29th. TD Cowen downgraded Electronic Arts from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 1st. Wall Street Zen downgraded Electronic Arts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Roth Capital downgraded Electronic Arts from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $185.00 to $210.00 in a report on Thursday, October 2nd. Finally, UBS Group set a $210.00 price objective on Electronic Arts and gave the stock a "neutral" rating in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $177.00.

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.

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