GameStop Corp. (NYSE:GME) General Counsel Sells $105,598.11 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 4,687 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $105,598.11. Following the transaction, the general counsel now directly owns 37,663 shares of the company’s stock, valued at $848,547.39. The trade was a 11.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

GameStop Stock Up 10.6 %

Shares of NYSE GME traded up $2.24 during trading hours on Friday, reaching $23.34. 20,513,368 shares of the stock traded hands, compared to its average volume of 20,155,003. The company’s 50-day simple moving average is $24.83 and its two-hundred day simple moving average is $25.69. The company has a market capitalization of $10.44 billion, a P/E ratio of 129.68 and a beta of -0.29. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83.

GameStop (NYSE:GME) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.48 billion. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. As a group, sell-side analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on GME. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Wedbush set a $11.50 target price on shares of GameStop in a research report on Wednesday, March 26th.

Hedge Funds Weigh In On GameStop

Several institutional investors and hedge funds have recently made changes to their positions in GME. Vanguard Group Inc. boosted its position in GameStop by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company’s stock valued at $1,226,775,000 after buying an additional 2,036,032 shares during the period. State Street Corp increased its holdings in shares of GameStop by 38.0% in the third quarter. State Street Corp now owns 11,143,759 shares of the company’s stock worth $255,526,000 after buying an additional 3,070,571 shares during the period. Geode Capital Management LLC lifted its stake in shares of GameStop by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company’s stock valued at $208,769,000 after acquiring an additional 380,554 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in GameStop by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company’s stock valued at $113,146,000 after acquiring an additional 107,354 shares during the period. Finally, Northern Trust Corp grew its position in GameStop by 26.2% during the 4th quarter. Northern Trust Corp now owns 3,171,303 shares of the company’s stock worth $99,389,000 after acquiring an additional 659,345 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

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.