Amundi bought a new position in shares of GameStop Corp. (NYSE:GME - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 161,781 shares of the company's stock, valued at approximately $5,332,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GME. Crossmark Global Holdings Inc. lifted its holdings in GameStop by 6.5% during the third quarter. Crossmark Global Holdings Inc. now owns 17,815 shares of the company's stock worth $408,000 after acquiring an additional 1,085 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in GameStop by 19.2% during the third quarter. Victory Capital Management Inc. now owns 72,982 shares of the company's stock worth $1,673,000 after acquiring an additional 11,749 shares in the last quarter. KBC Group NV lifted its holdings in GameStop by 58.5% during the third quarter. KBC Group NV now owns 11,214 shares of the company's stock worth $257,000 after acquiring an additional 4,140 shares in the last quarter. Balboa Wealth Partners bought a new stake in shares of GameStop in the third quarter valued at about $258,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of GameStop by 35.9% during the third quarter. Mutual of America Capital Management LLC now owns 209,616 shares of the company's stock worth $4,806,000 after buying an additional 55,346 shares during the period. 29.21% of the stock is currently owned by institutional investors.
GameStop Trading Up 5.1 %
Shares of GME stock traded up $1.13 on Friday, hitting $23.08. 3,932,460 shares of the stock were exchanged, compared to its average volume of 19,464,576. The firm has a market capitalization of $10.31 billion, a P/E ratio of 128.20 and a beta of -0.29. The business has a 50-day moving average of $26.65 and a 200 day moving average of $25.56. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $64.83.
Analysts Set New Price Targets
Separately, Wedbush reaffirmed an "underperform" rating and set a $10.00 price objective on shares of GameStop in a research report on Friday, December 6th.
Get Our Latest Report on GME
Insider Buying and Selling
In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $48,997.39. Following the sale, the general counsel now owns 42,350 shares in the company, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel William Moore sold 895 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were 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 in the company, valued at $975,131.95. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by corporate insiders.
GameStop Company Profile
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Free Report)
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.
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