Lindenwold Advisors INC Cuts Stake in Electronic Arts Inc. (NASDAQ:EA)

Lindenwold Advisors INC lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,633 shares of the game software company’s stock after selling 278 shares during the period. Lindenwold Advisors INC’s holdings in Electronic Arts were worth $1,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Electronic Arts by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock worth $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Amundi raised its stake in Electronic Arts by 4.3% in the 4th quarter. Amundi now owns 2,990,729 shares of the game software company’s stock valued at $431,315,000 after purchasing an additional 122,494 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Electronic Arts by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,789,283 shares of the game software company’s stock worth $261,772,000 after acquiring an additional 23,289 shares during the last quarter. Swedbank AB increased its stake in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after acquiring an additional 95,190 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Electronic Arts by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after acquiring an additional 36,153 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Stock Performance

EA opened at $141.87 on Wednesday. The business’s 50-day moving average price is $132.75 and its two-hundred day moving average price is $144.73. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. The company has a market capitalization of $36.97 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. Equities analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, February 26th. Electronic Arts’s dividend payout ratio (DPR) is currently 19.34%.

Insiders Place Their Bets

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer now owns 47,615 shares of the company’s stock, valued at $7,047,020. This represents a 9.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stuart Canfield sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $130.11, for a total transaction of $130,110.00. Following the completion of the transaction, the chief financial officer now directly owns 9,516 shares in the company, valued at approximately $1,238,126.76. The trade was a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $3,194,240 over the last three months. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EA. Stifel Nicolaus lowered their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Raymond James lowered Electronic Arts from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 23rd. Wedbush reaffirmed an “outperform” rating and set a $173.00 price target on shares of Electronic Arts in a research report on Thursday, January 23rd. Robert W. Baird dropped their target price on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Finally, Citigroup decreased their price target on Electronic Arts from $163.00 to $139.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $154.78.

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.