Amundi Invests $5.33 Million in GameStop Corp. (NYSE:GME)

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.

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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.

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

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.