GameStop Corp. (NYSE:GME) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its position in GameStop Corp. (NYSE:GME - Free Report) by 606.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,650,750 shares of the company's stock after acquiring an additional 1,417,156 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.37% of GameStop worth $51,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in GameStop by 29.2% during the 4th quarter. Cetera Investment Advisers now owns 28,385 shares of the company's stock worth $890,000 after purchasing an additional 6,411 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of GameStop during the 4th quarter worth about $3,473,000. Bayesian Capital Management LP acquired a new stake in shares of GameStop during the 4th quarter valued at about $3,135,000. Ameriprise Financial Inc. boosted its position in GameStop by 1.4% during the fourth quarter. Ameriprise Financial Inc. now owns 372,902 shares of the company's stock worth $11,687,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Algert Global LLC grew its stake in GameStop by 20.9% in the 4th quarter. Algert Global LLC now owns 181,981 shares of the company's stock valued at $5,703,000 after acquiring an additional 31,455 shares during the period. Institutional investors and hedge funds own 29.21% of the company's stock.

Insiders Place Their Bets

In related news, insider Daniel William Moore sold 1,608 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total transaction of $36,228.24. Following the sale, the insider now directly owns 29,777 shares of the company's stock, valued at $670,875.81. This represents a 5.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alain Attal bought 10,000 shares of GameStop stock in a transaction on Thursday, April 10th. The shares were acquired at an average price of $25.75 per share, for a total transaction of $257,500.00. Following the completion of the acquisition, the director now owns 572,464 shares in the company, valued at $14,740,948. This represents a 1.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 515,000 shares of company stock valued at $11,140,200 over the last quarter. 12.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wedbush set a $11.50 target price 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 note on Thursday, March 27th.

GameStop Trading Up 1.2%

GME stock traded up $0.35 during midday trading on Tuesday, reaching $28.40. The stock had a trading volume of 10,333,308 shares, compared to its average volume of 19,263,163. GameStop Corp. has a 52-week low of $17.70 and a 52-week high of $64.83. The company's fifty day simple moving average is $25.11 and its 200 day simple moving average is $26.75. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 157.79 and a beta of -0.76.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.21. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm posted $0.21 earnings per share. The company's revenue for the quarter was down 28.5% on a year-over-year basis. Sell-side analysts predict that GameStop Corp. will post 0.08 EPS for the current year.

GameStop 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.