GameStop Corp. (NYSE:GME) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its position in GameStop Corp. (NYSE:GME - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 585,757 shares of the company's stock after purchasing an additional 33,596 shares during the quarter. Invesco Ltd. owned about 0.13% of GameStop worth $18,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GME. Charles Schwab Investment Management Inc. raised its position in shares of GameStop by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock valued at $113,146,000 after buying an additional 107,354 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in GameStop in the 4th quarter valued at $878,000. Retirement Systems of Alabama lifted its stake in shares of GameStop by 41.7% during the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company's stock worth $10,804,000 after purchasing an additional 138,597 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of GameStop by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock worth $80,401,000 after purchasing an additional 60,673 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of GameStop by 5.5% in the fourth quarter. Swiss National Bank now owns 834,228 shares of the company's stock valued at $26,145,000 after purchasing an additional 43,700 shares during the period. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

GameStop Stock Up 0.8 %

Shares of GME stock traded up $0.23 on Thursday, reaching $27.35. 2,195,464 shares of the stock were exchanged, compared to its average volume of 20,498,251. GameStop Corp. has a 1-year low of $10.16 and a 1-year high of $64.83. The stock has a market cap of $12.23 billion, a P/E ratio of 151.99 and a beta of -0.44. The firm has a 50 day moving average of $24.66 and a two-hundred day moving average of $26.11.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.48 billion. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The company's quarterly revenue was down 28.5% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. On average, equities research analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CEO Ryan Cohen bought 500,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $21.55 per share, with a total value of $10,775,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,347,842 shares of the company's stock, valued at approximately $804,845,995.10. This represents a 1.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel William Moore sold 1,608 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $36,228.24. Following the sale, the insider now owns 29,777 shares in the company, valued at approximately $670,875.81. The trade was a 5.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 515,000 shares of company stock worth $11,140,200 over the last ninety days. 12.28% of the stock is owned by company 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.