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Capital International Investors Cuts Holdings in Electronic Arts Inc. $EA
Capital International Investors has reduced its stake in Electronic Arts Inc. (NASDAQ:EA) by 17.8% in the third quarter, selling over 2.1 million shares and now owning 3.89% of the company. Other institutional investors have increased their holdings, while company insiders, including the CFO and CEO, have also sold shares recently. Electronic Arts declared a quarterly dividend of $0.19 per share, and analysts currently have a “Hold” rating on the stock with an average target price of $188.30.