GameStop Corp. (NYSE:GME) Insider Sells $17,267.95 in Stock

GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 721 shares of GameStop 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 owned 48,899 shares in the company, valued at $1,171,131.05. This trade represents a 1.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

GameStop Stock Performance

Shares of NYSE:GME traded down $0.32 on Friday, hitting $23.64. 5,566,311 shares of the company were exchanged, compared to its average volume of 11,278,607. The company's 50 day moving average price is $27.11 and its two-hundred day moving average price is $26.80. GameStop Corp. has a one year low of $18.73 and a one year high of $35.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 7.89 and a current ratio of 8.39. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 51.38 and a beta of -0.81.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GME shares. Wedbush upgraded shares of GameStop to a "strong sell" rating in a report on Tuesday, July 1st. Wall Street Zen upgraded shares of GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th.

Hedge Funds Weigh In On GameStop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GME. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in GameStop by 223.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after buying an additional 684 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of GameStop by 67.2% during the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock worth $54,000 after purchasing an additional 691 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of GameStop by 32.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock worth $67,000 after buying an additional 520 shares during the last quarter. UMB Bank n.a. raised its stake in shares of GameStop by 100.6% during the first quarter. UMB Bank n.a. now owns 3,651 shares of the company's stock worth $81,000 after buying an additional 1,831 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of GameStop by 92.5% during the first 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 and hedge funds.

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.