GameStop Corp. (NYSE:GME - Get Free Report) Director Alain Attal purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average cost of $25.75 per share, with a total value of $257,500.00. Following the completion of the acquisition, the director now owns 572,464 shares of the company's stock, valued at approximately $14,740,948. This trade represents a 1.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
GameStop Trading Down 1.6 %
GME stock opened at $25.00 on Friday. The company's 50-day moving average price is $24.50 and its 200 day moving average price is $25.83. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83. The company has a market cap of $11.18 billion, a P/E ratio of 138.91 and a beta of -0.44.
GameStop (NYSE:GME - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.09 by $0.21. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The company's quarterly revenue was down 28.5% on a year-over-year basis. On average, equities research analysts expect that GameStop Corp. will post 0.08 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GME. Charles Schwab Investment Management Inc. boosted its position in shares of GameStop by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock worth $113,146,000 after buying an additional 107,354 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of GameStop in the fourth quarter valued at about $878,000. Retirement Systems of Alabama lifted its holdings in shares of GameStop by 41.7% in the third quarter. Retirement Systems of Alabama now owns 471,156 shares of the company's stock valued at $10,804,000 after purchasing an additional 138,597 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of GameStop by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock worth $80,401,000 after purchasing an additional 60,673 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of GameStop by 5.5% during the 4th quarter. Swiss National Bank now owns 834,228 shares of the company's stock worth $26,145,000 after purchasing an additional 43,700 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.
Analysts Set New Price Targets
GME has been the subject of a number of analyst reports. Wedbush set a $11.50 price objective on shares of GameStop in a research report on Wednesday, March 26th. StockNews.com upgraded GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th.
Read Our Latest Stock Report on GameStop
About GameStop
(
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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.
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