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

Lindenwold Advisors INC trimmed its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,633 shares of the game software company’s stock after selling 278 shares during the quarter. Lindenwold Advisors INC’s holdings in Electronic Arts were worth $1,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pinnacle Bancorp Inc. raised its stake in shares of Electronic Arts by 141.0% during the 4th 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. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth $32,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts during the fourth quarter worth $41,000. Larson Financial Group LLC raised its position in shares of Electronic Arts by 31.8% in the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Electronic Arts in the 4th quarter worth $42,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Electronic Arts Stock Down 0.7 %

Electronic Arts stock opened at $141.87 on Wednesday. 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’s fifty 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 firm has a market capitalization of $36.97 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share (EPS) 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%. On average, equities research analysts predict that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently announced 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 payout ratio is 19.34%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EA. Wedbush reaffirmed an “outperform” rating and set a $173.00 target price on shares of Electronic Arts in a research report on Thursday, January 23rd. BMO Capital Markets decreased their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price target on Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Bank of America boosted their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, Roth Mkm dropped their target price on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $154.78.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the completion of the sale, the chief financial officer now directly owns 9,516 shares of the company’s stock, valued at approximately $1,238,126.76. This represents a 9.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $148.00, for a total transaction of $740,000.00. Following the sale, the chief executive officer now directly owns 47,615 shares of the company’s stock, valued at approximately $7,047,020. This trade represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,000 shares of company stock valued at $3,194,240. 0.22% of the stock is currently owned by company insiders.

Electronic Arts Company 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.