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

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 895 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the transaction, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. This 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 transaction of $55,104.00.

GameStop Trading Up 3.4 %

GameStop stock opened at $32.72 on Tuesday. The firm’s fifty day moving average price is $27.94 and its two-hundred day moving average price is $24.51. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 181.79 and a beta of -0.02. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.09. The firm had revenue of $860.30 million during the quarter, compared to the consensus estimate of $887.68 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. On average, research analysts forecast that GameStop Corp. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On GameStop

A number of hedge funds have recently bought and sold shares of GME. State Street Corp lifted its position in shares of GameStop by 38.0% during the third 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 in the last quarter. Geode Capital Management LLC lifted its position 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 valued at $144,009,000 after purchasing an additional 1,852,088 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of GameStop during the second quarter valued at about $9,577,000. Finally, Renaissance Technologies LLC lifted its position in shares of GameStop by 34.0% during the second quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock valued at $33,261,000 after purchasing an additional 342,178 shares in the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GME has been the subject of a number of research analyst reports. Wedbush reaffirmed an “underperform” rating and issued a $10.00 target price on shares of GameStop in a research report on Friday, December 6th. StockNews.com upgraded GameStop to a “sell” rating in a report on Saturday, October 19th.

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.