Chevy Chase Trust Holdings LLC Has $18.32 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Chevy Chase Trust Holdings LLC lowered its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Electronic Arts during the third quarter worth about $25,000. Pinnacle Bancorp Inc. grew its holdings in shares of Electronic Arts by 141.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after buying an additional 117 shares in the last quarter. Reston Wealth Management LLC bought a new position in Electronic Arts in the third quarter valued at approximately $36,000. Larson Financial Group LLC grew its stake in Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in Electronic Arts by 1,458.3% in the fourth quarter. SJS Investment Consulting Inc. now owns 374 shares of the game software company's stock valued at $55,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James downgraded Electronic Arts from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on Electronic Arts from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. UBS Group lifted their target price on Electronic Arts from $155.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Wedbush reiterated an "outperform" rating and set a $173.00 target price on shares of Electronic Arts in a research note on Thursday, January 23rd. Finally, Citigroup reduced their target price on Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Electronic Arts has a consensus rating of "Hold" and a consensus target price of $154.55.

Electronic Arts Price Performance

NASDAQ EA traded up $0.99 during midday trading on Wednesday, hitting $129.34. The company had a trading volume of 3,548,884 shares, compared to its average volume of 4,225,773. The company has a market capitalization of $33.71 billion, a PE ratio of 32.91, a P/E/G ratio of 3.54 and a beta of 0.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $138.96 and a 200-day moving average price of $146.57. Electronic Arts Inc. has a twelve month low of $115.21 and a twelve month high of $168.50.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. As a group, analysts anticipate that Electronic Arts Inc. will post 4.75 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

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

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.03, for a total value of $122,030.00. Following the sale, the insider now owns 28,216 shares in the company, valued at approximately $3,443,198.48. The trade was a 3.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $130.83, for a total value of $327,075.00. Following the completion of the sale, the insider now owns 47,514 shares in the company, valued at $6,216,256.62. This trade represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,500 shares of company stock valued at $2,812,285. Corporate 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.