Daniel William Moore Sells 895 Shares of GameStop Corp. (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $27,807.65. Following the completion of the sale, the insider now owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Daniel William Moore also recently made the following trade(s):

• On Friday, October 11th, Daniel William Moore sold 2,624 shares of GameStop stock. The shares were sold at an average price of $21.00, for a total value of $55,104.00.

GameStop Trading Up 3.4 %

Shares of NYSE GME traded up $1.07 during trading on Monday, reaching $32.72. 12,518,525 shares of the company traded hands, compared to its average volume of 9,314,210. The stock has a market cap of $14.62 billion, a P/E ratio of 181.79 and a beta of -0.02. The firm’s fifty day simple moving average is $27.94 and its 200 day simple moving average is $24.51. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83.

GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. The firm had revenue of $860.30 million for the quarter, compared to the consensus estimate of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. GameStop’s revenue for the quarter was down 20.2% compared to the same quarter last year. As a group, research analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GME. State Street Corp raised its stake in GameStop by 38.0% in the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company’s stock valued at $255,526,000 after purchasing an additional 3,070,571 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of GameStop by 41.8% during the third quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock worth $144,009,000 after buying an additional 1,852,088 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of GameStop by 22.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after buying an additional 646,488 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of GameStop by 8.1% in the third quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company’s stock worth $41,866,000 after buying an additional 136,785 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in GameStop by 34.0% during the second quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock worth $33,261,000 after acquiring an additional 342,178 shares during the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on GME. Wedbush reaffirmed an “underperform” rating and set a $10.00 target price on shares of GameStop in a research report on Friday, December 6th. StockNews.com upgraded shares of GameStop to a “sell” rating in a report on Saturday, October 19th.

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.