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

Swiss National Bank raised its position in GameStop Corp. (NYSE:GME) by 46.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 790,528 shares of the company’s stock after buying an additional 249,100 shares during the quarter. Swiss National Bank owned about 0.19% of GameStop worth $18,127,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of GameStop by 535.8% in the third quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after buying an additional 959 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of GameStop by 41.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after purchasing an additional 396 shares during the period. Centerpoint Advisors LLC purchased a new position in shares of GameStop in the 2nd quarter valued at about $47,000. GAMMA Investing LLC lifted its stake in shares of GameStop by 32.9% in the second quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock valued at $51,000 after purchasing an additional 511 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in GameStop by 147.2% during the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock worth $65,000 after buying an additional 3,025 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insider Activity

In other news, General Counsel Mark Haymond Robinson sold 11,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $20.82, for a total value of $229,020.00. Following the transaction, the general counsel now directly owns 43,927 shares in the company, valued at $914,560.14. This trade represents a 20.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel William Moore sold 1,972 shares of GameStop stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $43,305.12. Following the completion of the transaction, the insider now directly owns 37,280 shares in the company, valued at $818,668.80. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock valued at $481,000 in the last 90 days. 12.28% of the stock is currently owned by insiders.

GameStop Stock Performance

Shares of GME opened at $27.84 on Friday. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83. The company’s 50 day simple moving average is $22.48 and its 200 day simple moving average is $23.57. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 214.15 and a beta of -0.13.

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

Analysts Set New Price Targets

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