Amundi Takes Position in GameStop Corp. (NYSE:GME)

Amundi purchased a new stake in GameStop Corp. (NYSE:GME - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 161,781 shares of the company's stock, valued at approximately $5,332,000.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of GameStop by 22.6% in the 3rd 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 period. Foundations Investment Advisors LLC purchased a new stake in GameStop in the fourth quarter valued at approximately $878,000. Swiss National Bank boosted its holdings in shares of GameStop by 46.0% in the third quarter. Swiss National Bank now owns 790,528 shares of the company's stock valued at $18,127,000 after acquiring an additional 249,100 shares during the period. Algert Global LLC grew its position in shares of GameStop by 270.5% during the third quarter. Algert Global LLC now owns 150,526 shares of the company's stock worth $3,452,000 after acquiring an additional 109,900 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of GameStop by 41.7% in the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company's stock valued at $10,804,000 after acquiring an additional 138,597 shares during the period. Hedge funds and other institutional investors own 29.21% of the company's stock.

Analyst Ratings Changes

Separately, Wedbush reiterated an "underperform" rating and set a $10.00 price target on shares of GameStop in a research note on Friday, December 6th.

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GameStop Stock Up 1.2 %

NYSE:GME traded up $0.28 during midday trading on Monday, reaching $23.33. The stock had a trading volume of 1,472,353 shares, compared to its average volume of 19,392,905. The stock has a market cap of $10.42 billion, a P/E ratio of 129.51 and a beta of -0.29. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83. The firm has a fifty day simple moving average of $26.65 and a two-hundred day simple moving average of $25.60.

Insider Buying and Selling at GameStop

In other GameStop news, insider Daniel William Moore sold 895 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the transaction, the general counsel now directly owns 42,350 shares in the company, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by corporate insiders.

GameStop 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.