Federated Hermes Inc. Cuts Holdings in Electronic Arts Inc. $EA

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Federated Hermes Inc. significantly reduced its stake in Electronic Arts (NASDAQ:EA) by 96.1% in Q3, selling over 101,000 shares. Despite EA beating Q3 revenue estimates driven by Battlefield 6 and announcing a dividend, the company faced a profit decline, elevated merger-related risk, and a premium valuation, leading to an overall “Hold” consensus among analysts. Insider selling activity also totaled nearly $25 million in the past 90 days.

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