GameStop Corp. (NYSE:GME) Insider Sells $27,807.65 in Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 895 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the transaction, the insider now owns 31,385 shares of the company’s stock, valued at $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Daniel William Moore also recently made the following trade(s):

• On Friday, October 11th, Daniel William Moore sold 2,624 shares of GameStop stock. The shares were sold at an average price of $21.00, for a total value of $55,104.00.

GameStop Price Performance

NYSE GME opened at $33.33 on Wednesday. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The firm has a market capitalization of $14.89 billion, a P/E ratio of 185.18 and a beta of -0.02. The business’s 50-day simple moving average is $28.14 and its 200-day simple moving average is $24.56.

GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm had revenue of $860.30 million for the quarter, compared to analysts’ expectations of $887.68 million. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. On average, equities research analysts expect that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GME. Wedbush restated an “underperform” rating and issued a $10.00 target price on shares of GameStop in a report on Friday, December 6th. StockNews.com raised shares of GameStop to a “sell” rating in a research note on Saturday, October 19th.

Institutional Trading of GameStop

Several large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted 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 in the last quarter. Algert Global LLC raised its holdings in shares of GameStop by 270.5% during the 3rd quarter. Algert Global LLC now owns 150,526 shares of the company’s stock valued at $3,452,000 after buying an additional 109,900 shares during the period. Swiss National Bank lifted its position in GameStop by 46.0% during the 3rd 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 in the last quarter. Retirement Systems of Alabama boosted its holdings in GameStop by 41.7% in the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company’s stock worth $10,804,000 after acquiring an additional 138,597 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of GameStop by 41.1% during the third quarter. MetLife Investment Management LLC now owns 200,234 shares of the company’s stock valued at $4,591,000 after purchasing an additional 58,356 shares during the period. 29.21% of the stock is currently owned by institutional investors and hedge funds.

About GameStop

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.