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

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 895 shares of GameStop 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 sale, the insider now owns 31,385 shares in the company, valued at $975,131.95. This represents a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 transaction of $55,104.00.

GameStop Trading Down 1.3 %

Shares of NYSE:GME opened at $32.95 on Thursday. The firm has a market cap of $14.72 billion, a PE ratio of 183.07 and a beta of -0.02. The company has a fifty day simple moving average of $28.55 and a 200 day simple moving average of $24.68. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83.

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

Institutional Trading of GameStop

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its holdings in shares of 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 acquiring an additional 3,070,571 shares during the last quarter. Geode Capital Management LLC boosted its holdings in GameStop by 41.8% in the third quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock worth $144,009,000 after purchasing an additional 1,852,088 shares during the period. Charles Schwab Investment Management Inc. increased its stake in GameStop by 22.6% during 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 purchasing an additional 646,488 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of GameStop by 8.1% during the third quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company’s stock worth $41,866,000 after purchasing an additional 136,785 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of GameStop by 34.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock worth $33,261,000 after buying an additional 342,178 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of GameStop to a “sell” rating in a research report on Saturday, October 19th. Wedbush reissued an “underperform” rating and issued a $10.00 price target on shares of GameStop in a report on Friday, December 6th.

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.