GameStop Corp. (NYSE:GME) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in shares of GameStop Corp. (NYSE:GME - Free Report) by 1,010.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 213,873 shares of the company's stock after acquiring an additional 194,612 shares during the period. Deutsche Bank AG's holdings in GameStop were worth $6,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its position in GameStop by 606.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,650,750 shares of the company's stock valued at $51,735,000 after acquiring an additional 1,417,156 shares during the last quarter. Cetera Investment Advisers increased its position in GameStop by 29.2% during the fourth quarter. Cetera Investment Advisers now owns 28,385 shares of the company's stock valued at $890,000 after acquiring an additional 6,411 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in GameStop during the fourth quarter valued at $3,473,000. Bayesian Capital Management LP bought a new position in GameStop during the fourth quarter valued at $3,135,000. Finally, Ameriprise Financial Inc. increased its position in GameStop by 1.4% during the fourth quarter. Ameriprise Financial Inc. now owns 372,902 shares of the company's stock valued at $11,687,000 after acquiring an additional 5,300 shares during the last quarter. Institutional investors own 29.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wedbush set a $11.50 price target on shares of GameStop in a report on Wednesday, March 26th. Wall Street Zen upgraded shares of GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th.

Insider Activity

In other GameStop news, insider Daniel William Moore sold 1,608 shares of the firm'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 completion of the transaction, the insider now directly owns 29,777 shares of the company's stock, valued at approximately $670,875.81. This trade represents a 5.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alain Attal purchased 10,000 shares of GameStop stock in a transaction on Thursday, April 10th. The shares were acquired at an average cost of $25.75 per share, with a total value of $257,500.00. Following the completion of the transaction, the director now directly owns 572,464 shares in the company, valued at $14,740,948. The trade was a 1.78% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 515,000 shares of company stock worth $11,140,200 over the last 90 days. 12.28% of the stock is currently owned by corporate insiders.

GameStop Trading Up 7.5%

Shares of NYSE GME traded up $2.33 during mid-day trading on Friday, reaching $33.19. The company had a trading volume of 30,274,875 shares, compared to its average volume of 16,905,204. The business's 50-day moving average is $26.22 and its 200-day moving average is $27.09. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 184.39 and a beta of -0.76. GameStop Corp. has a 52 week low of $17.70 and a 52 week high of $48.00.

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

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.