GameStop Corp. (NYSE:GME) Shares Acquired by United Advisor Group LLC

United Advisor Group LLC increased its holdings in shares of GameStop Corp. (NYSE:GME - Free Report) by 216.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,740 shares of the company's stock after purchasing an additional 29,250 shares during the period. United Advisor Group LLC's holdings in GameStop were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of GameStop by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company's stock valued at $1,226,775,000 after purchasing an additional 2,036,032 shares during the period. Slate Path Capital LP acquired a new stake in shares of GameStop in the fourth quarter valued at about $60,361,000. D. E. Shaw & Co. Inc. grew its position in shares of GameStop by 606.7% in 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 purchasing an additional 1,417,156 shares during the period. Northern Trust Corp grew its position in shares of GameStop by 26.2% in the fourth quarter. Northern Trust Corp now owns 3,171,303 shares of the company's stock valued at $99,389,000 after purchasing an additional 659,345 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of GameStop by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company's stock valued at $208,769,000 after purchasing an additional 380,554 shares during the period. Institutional investors and hedge funds own 29.21% of the company's stock.

Analysts Set New Price Targets

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

GameStop Price Performance

GME traded up $0.22 on Friday, reaching $29.79. 6,893,696 shares of the company's stock were exchanged, compared to its average volume of 16,545,429. The stock has a market cap of $13.33 billion, a PE ratio of 165.36 and a beta of -0.76. GameStop Corp. has a twelve month low of $18.73 and a twelve month high of $48.00. The stock's fifty day moving average price is $26.84 and its 200-day moving average price is $27.30.

GameStop (NYSE:GME - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.30 EPS 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. GameStop's quarterly revenue was down 28.5% compared to the same quarter last year. As a group, research analysts predict that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GameStop news, Director Alain Attal purchased 10,000 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was bought at an average price of $25.75 per share, with a total value of $257,500.00. Following the transaction, the director now directly owns 572,464 shares of the company's stock, valued at approximately $14,740,948. This represents a 1.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence Cheng purchased 5,000 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $21.54 per share, with a total value of $107,700.00. Following the purchase, the director now owns 83,000 shares of the company's stock, valued at approximately $1,787,820. This represents a 6.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 515,000 shares of company stock valued at $11,140,200 over the last ninety days. Company insiders own 12.28% of the company's stock.

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.