GameStop Corp. (NYSE:GME) General Counsel Sells $229,020.00 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $20.82, for a total transaction of $229,020.00. Following the sale, the general counsel now owns 43,927 shares in the company, valued at $914,560.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Haymond Robinson also recently made the following trade(s):

• On Wednesday, October 2nd, Mark Haymond Robinson sold 4,667 shares of GameStop stock. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32.

GameStop Stock Performance

GameStop stock opened at $20.83 on Monday. The firm has a market cap of $7.32 billion, a PE ratio of 260.38 and a beta of -0.19. The firm’s 50 day moving average price is $21.73 and its two-hundred day moving average price is $21.26. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. The firm had revenue of $798.30 million for the quarter, compared to analyst estimates of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The company’s revenue for the quarter was down 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) EPS. Equities analysts anticipate that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GME shares. StockNews.com upgraded shares of GameStop to a “sell” rating in a report on Wednesday, September 25th. Wedbush cut their price target on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating on the stock in a report on Wednesday, September 11th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GME. Coatue Management LLC acquired a new position in GameStop in the 4th quarter valued at approximately $1,315,000. Virtu Financial LLC bought a new stake in GameStop in the fourth quarter worth approximately $316,000. Wellington Management Group LLP grew its position in GameStop by 312.2% in the fourth quarter. Wellington Management Group LLP now owns 77,097 shares of the company’s stock worth $1,352,000 after acquiring an additional 58,394 shares in the last quarter. Vanguard Group Inc. grew its position in GameStop by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock worth $446,143,000 after acquiring an additional 167,145 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in GameStop by 21.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,025 shares of the company’s stock worth $211,000 after acquiring an additional 2,105 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

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.