106,563 Shares in GameStop Corp. (NYSE:GME) Acquired by First Trust Advisors LP

First Trust Advisors LP bought a new stake in shares of GameStop Corp. (NYSE:GME - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 106,563 shares of the company's stock, valued at approximately $3,340,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 2,036,032 shares during the period. Geode Capital Management LLC boosted its holdings in shares of GameStop by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company's stock valued at $208,769,000 after acquiring an additional 380,554 shares during the period. JPMorgan Chase & Co. grew its position in shares of GameStop by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 774,096 shares of the company's stock worth $17,750,000 after acquiring an additional 244,339 shares during the last quarter. Amundi acquired a new stake in shares of GameStop in the 4th quarter worth about $5,332,000. Finally, Retirement Systems of Alabama boosted its stake in GameStop by 41.7% during the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company's stock valued at $10,804,000 after purchasing an additional 138,597 shares during the period. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

GameStop Trading Up 2.7 %

NYSE:GME traded up $0.72 during mid-day trading on Friday, reaching $27.50. 4,400,741 shares of the stock were exchanged, compared to its average volume of 8,930,838. The business has a fifty day moving average price of $24.98 and a 200 day moving average price of $26.56. The firm has a market capitalization of $12.30 billion, a PE ratio of 152.79 and a beta of -0.76. GameStop Corp. has a 1-year low of $16.88 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. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. The firm's quarterly revenue was down 28.5% compared to the same quarter last year. On average, sell-side analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wedbush set a $11.50 price objective on GameStop in a research report on Wednesday, March 26th. StockNews.com upgraded shares of GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th.

Insiders Place Their Bets

In other GameStop news, Director Alain Attal bought 10,000 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was bought 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 of the company's stock, valued at approximately $14,740,948. The trade was 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 link. Also, Director Lawrence Cheng acquired 5,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $21.54 per share, for a total transaction of $107,700.00. Following the acquisition, the director now owns 83,000 shares in the company, valued at $1,787,820. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 515,000 shares of company stock worth $11,140,200 in the last quarter. 12.28% of the stock is currently owned by corporate insiders.

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.