GameStop Corp. (NYSE:GME) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 822,428 shares of the company's stock after selling 11,800 shares during the period. Swiss National Bank owned 0.18% of GameStop worth $18,357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GME. Fifth Third Bancorp increased its stake in GameStop by 10.3% in the 1st quarter. Fifth Third Bancorp now owns 6,227 shares of the company's stock worth $139,000 after buying an additional 579 shares during the period. Bessemer Group Inc. increased its stake 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 during the period. Scratch Capital LLC increased its stake in GameStop by 3.3% in the 1st quarter. Scratch Capital LLC now owns 23,570 shares of the company's stock worth $526,000 after buying an additional 750 shares during the period. Xponance Inc. increased its stake in GameStop by 1.7% in the 1st quarter. Xponance Inc. now owns 47,392 shares of the company's stock worth $1,058,000 after buying an additional 785 shares during the period. Finally, Utah Retirement Systems increased its stake in GameStop by 5.0% in the 4th quarter. Utah Retirement Systems now owns 21,100 shares of the company's stock worth $661,000 after buying an additional 1,000 shares during the period. Institutional investors own 29.21% of the company's stock.

Insider Activity at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 11,055 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $24.18, for a total transaction of $267,309.90. Following the completion of the sale, the general counsel directly owned 116,781 shares of the company's stock, valued at approximately $2,823,764.58. This represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 13,075 shares of company stock worth $315,685 over the last ninety days. Corporate insiders own 8.58% of the company's stock.

GameStop Stock Up 0.1%

NYSE:GME traded up $0.02 during mid-day trading on Friday, reaching $22.91. The company's stock had a trading volume of 4,924,917 shares, compared to its average volume of 7,480,866. GameStop Corp. has a 1 year low of $19.31 and a 1 year high of $35.81. The stock has a fifty day moving average of $23.54 and a 200-day moving average of $25.34. The firm has a market capitalization of $10.25 billion, a PE ratio of 49.81 and a beta of -0.72. The company has a quick ratio of 7.89, a current ratio of 8.39 and a debt-to-equity ratio of 0.30.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $732.40 million during the quarter, compared to analyst estimates of $754.23 million. GameStop had a net margin of 5.67% and a return on equity of 5.25%. The company's quarterly revenue was down 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share. Equities research analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush raised shares of GameStop to a "strong sell" rating in a research note on Tuesday, July 1st.

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.