Deutsche Bank AG Has $6.70 Million Stake in GameStop Corp. (NYSE:GME)

Deutsche Bank AG grew its position in GameStop Corp. (NYSE:GME - Free Report) by 1,010.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 213,873 shares of the company's stock after purchasing 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 SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GME. Charles Schwab Investment Management Inc. boosted its holdings in shares of GameStop by 3.1% in the fourth 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 in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of GameStop in the fourth quarter valued at approximately $878,000. Bank of New York Mellon Corp boosted its holdings in shares of GameStop by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock valued at $80,401,000 after acquiring an additional 60,673 shares in the last quarter. Swiss National Bank grew its stake in shares of GameStop by 5.5% in 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. Finally, Slate Path Capital LP acquired a new position in shares of GameStop in the 4th quarter worth approximately $60,361,000. Institutional investors own 29.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GME. Wedbush set a $11.50 target price on shares of GameStop in a report on Wednesday, March 26th. StockNews.com upgraded shares of GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th.

Insider Transactions at GameStop

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

GameStop Price Performance

GameStop stock traded up $0.63 during midday trading on Tuesday, reaching $28.52. The stock had a trading volume of 4,771,999 shares, compared to its average volume of 17,155,772. The firm's fifty day simple moving average is $25.64 and its two-hundred day simple moving average is $26.95. GameStop Corp. has a twelve month low of $17.70 and a twelve month high of $48.00. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 158.45 and a beta of -0.76.

GameStop (NYSE:GME - Get Free Report) last released 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. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $0.21 earnings per share. The company's quarterly revenue was down 28.5% compared to the same quarter last year. As a group, sell-side analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

About GameStop

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.