Dimensional Fund Advisors LP Has $41.70 Million Stock Position in GameStop Corp. (NYSE:GME)

Dimensional Fund Advisors LP increased its position in shares of GameStop Corp. (NYSE:GME - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,329,965 shares of the company's stock after acquiring an additional 245,347 shares during the period. Dimensional Fund Advisors LP owned approximately 0.30% of GameStop worth $41,703,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock worth $31,000 after buying an additional 684 shares during the period. New Wave Wealth Advisors LLC purchased a new position in GameStop during the fourth quarter valued at approximately $37,000. R Squared Ltd acquired a new position in GameStop in the 4th quarter valued at approximately $51,000. Bessemer Group Inc. lifted its position in GameStop by 67.2% in the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock worth $54,000 after buying an additional 691 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in GameStop by 59.9% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock valued at $57,000 after purchasing an additional 682 shares in the last quarter. Institutional investors own 29.21% of the company's stock.

GameStop Stock Performance

Shares of GME stock traded up $0.72 during mid-day trading on Friday, reaching $27.50. The company's stock had a trading volume of 4,400,741 shares, compared to its average volume of 20,098,370. The firm's 50-day moving average is $24.98 and its two-hundred day moving average is $26.56. The company has a market cap of $12.30 billion, a P/E ratio of 152.79 and a beta of -0.76. GameStop Corp. has a 1-year low of $15.35 and a 1-year high of $64.83.

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

Insider Buying and Selling

In other news, CEO Ryan Cohen acquired 500,000 shares of GameStop stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average price of $21.55 per share, with a total value of $10,775,000.00. Following the purchase, the chief executive officer now directly owns 37,347,842 shares of the company's stock, valued at $804,845,995.10. The trade was a 1.36 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark Haymond Robinson sold 4,687 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $105,598.11. Following the sale, the general counsel now directly owns 37,663 shares in the company, valued at $848,547.39. The trade was a 11.07 % decrease in their position. The disclosure for this sale can be found here. Insiders bought 515,000 shares of company stock worth $11,140,200 in the last quarter. 12.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on GME shares. StockNews.com upgraded 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 GameStop in a research note on Wednesday, March 26th.

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.