GameStop Corp. (NYSE:GME) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 541,428 shares of the company's stock after selling 61,500 shares during the quarter. Swiss National Bank owned about 0.18% of GameStop worth $9,491,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in shares of GameStop by 19.3% during the 4th quarter. Victory Capital Management Inc. now owns 56,999 shares of the company's stock worth $999,000 after buying an additional 9,210 shares during the period. Van ECK Associates Corp lifted its stake in GameStop by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 1,331,536 shares of the company's stock valued at $23,342,000 after acquiring an additional 100,084 shares in the last quarter. Retirement Systems of Alabama lifted its stake in GameStop by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 336,422 shares of the company's stock valued at $5,897,000 after acquiring an additional 1,567 shares in the last quarter. Headlands Technologies LLC bought a new stake in GameStop in the 4th quarter valued at approximately $55,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in GameStop by 14.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 185,508 shares of the company's stock valued at $3,252,000 after acquiring an additional 23,500 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded GameStop from a "sell" rating to a "hold" rating in a research note on Wednesday, March 27th. Wedbush dropped their price target on GameStop from $6.00 to $5.60 and set an "underperform" rating on the stock in a research note on Wednesday, March 27th.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 4,379 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total value of $50,840.19. Following the sale, the general counsel now owns 64,308 shares in the company, valued at approximately $746,615.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other GameStop news, General Counsel Mark Haymond Robinson sold 4,379 shares of the company's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total value of $50,840.19. Following the transaction, the general counsel now directly owns 64,308 shares of the company's stock, valued at approximately $746,615.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel William Moore sold 7,779 shares of the company's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total value of $79,345.80. Following the completion of the transaction, the insider now directly owns 13,606 shares in the company, valued at $138,781.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,421 shares of company stock worth $288,153. Company insiders own 12.28% of the company's stock.

GameStop Stock Performance

GME traded up $13.00 during trading hours on Monday, reaching $30.46. The company's stock had a trading volume of 182,343,176 shares, compared to its average volume of 7,678,293. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $38.20. The company's 50-day moving average is $12.99 and its 200-day moving average is $14.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 2.11. The firm has a market cap of $9.33 billion, a PE ratio of 1,523.76 and a beta of -0.25.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.07). GameStop had a net margin of 0.13% and a return on equity of 1.35%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company posted $0.16 EPS. The firm's revenue was down 19.4% on a year-over-year basis. On average, equities analysts forecast that GameStop Corp. will post 0.01 EPS for the current year.

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.