GameStop Corp. (NYSE:GME) Insider Daniel William Moore Sells 721 Shares

GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 721 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $23.95, for a total transaction of $17,267.95. Following the completion of the transaction, the insider directly owned 48,899 shares in the company, valued at $1,171,131.05. This trade represents a 1.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

GameStop Price Performance

Shares of GME stock traded down $0.32 on Thursday, reaching $23.64. The company's stock had a trading volume of 5,566,311 shares, compared to its average volume of 11,282,808. The stock's fifty day simple moving average is $27.26 and its 200-day simple moving average is $26.90. GameStop Corp. has a 1 year low of $18.73 and a 1 year high of $35.81. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 51.38 and a beta of -0.81. The company has a current ratio of 8.39, a quick ratio of 7.89 and a debt-to-equity ratio of 0.30.

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

Analyst Upgrades and Downgrades

GME has been the topic of several research analyst reports. Wall Street Zen upgraded shares of GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush upgraded GameStop to a "strong sell" rating in a research report on Tuesday.

Institutional Trading of GameStop

Several institutional investors and hedge funds have recently made changes to their positions in GME. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after purchasing an additional 684 shares during the period. Bessemer Group Inc. raised its stake in GameStop by 67.2% in the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock valued at $54,000 after buying an additional 691 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of GameStop by 32.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock valued at $67,000 after acquiring an additional 520 shares during the period. UMB Bank n.a. raised its stake in shares of GameStop by 100.6% in the first quarter. UMB Bank n.a. now owns 3,651 shares of the company's stock worth $81,000 after purchasing an additional 1,831 shares during the last quarter. Finally, US Bancorp DE raised its position in GameStop by 92.5% during the 1st quarter. US Bancorp DE now owns 3,726 shares of the company's stock worth $83,000 after buying an additional 1,790 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors.

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.

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