GameStop Corp. (NYSE:GME) Shares Acquired by Fmr LLC

Fmr LLC increased its holdings in shares of GameStop Corp. (NYSE:GME) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,408 shares of the company’s stock after purchasing an additional 2,793 shares during the period. Fmr LLC’s holdings in GameStop were worth $949,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in shares of GameStop by 22.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock worth $80,322,000 after purchasing an additional 646,488 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of GameStop by 8.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company’s stock worth $41,866,000 after acquiring an additional 136,785 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of GameStop by 34.0% in the second quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock valued at $33,261,000 after acquiring an additional 342,178 shares in the last quarter. Swiss National Bank increased its stake in shares of GameStop by 46.0% during the third quarter. Swiss National Bank now owns 790,528 shares of the company’s stock worth $18,127,000 after acquiring an additional 249,100 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in GameStop during the second quarter worth about $9,577,000. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GME has been the subject of a number of analyst reports. StockNews.com raised GameStop to a “sell” rating in a research note on Saturday, October 19th. Wedbush restated an “underperform” rating and set a $10.00 target price on shares of GameStop in a research report on Friday, December 6th.

Insiders Place Their Bets

In related news, General Counsel Mark Haymond Robinson sold 11,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $20.82, for a total value of $229,020.00. Following the transaction, the general counsel now directly owns 43,927 shares of the company’s stock, valued at approximately $914,560.14. This trade represents a 20.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 2,624 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $21.00, for a total value of $55,104.00. Following the sale, the insider now directly owns 32,280 shares of the company’s stock, valued at approximately $677,880. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,639 shares of company stock valued at $481,000. Company insiders own 12.28% of the company’s stock.

GameStop Trading Up 5.1 %

GME stock opened at $29.41 on Tuesday. The firm has a 50 day moving average of $25.12 and a 200-day moving average of $24.25. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 163.39 and a beta of -0.11. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.09. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The company had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. Sell-side analysts forecast that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.