GameStop Corp. (NYSE:GME) Insider Daniel William Moore Sells 1,608 Shares

GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 1,608 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total transaction of $36,228.24. Following the completion of the sale, the insider now directly owns 29,777 shares of the company's stock, valued at approximately $670,875.81. This represents a 5.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

GameStop Stock Up 2.0 %

GameStop stock traded up $0.47 during trading hours on Wednesday, hitting $23.86. The stock had a trading volume of 5,034,240 shares, compared to its average volume of 20,178,935. The stock's 50-day moving average price is $24.61 and its 200-day moving average price is $25.80. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83. The stock has a market capitalization of $10.67 billion, a P/E ratio of 133.06 and a beta of -0.44.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.21. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business earned $0.21 EPS. The company's quarterly revenue was down 28.5% compared to the same quarter last year. On average, research analysts expect that GameStop Corp. will post 0.08 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GME. CIBC Asset Management Inc boosted its stake in GameStop by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 9,381 shares of the company's stock valued at $294,000 after buying an additional 502 shares during the last quarter. Christensen King & Associates Investment Services Inc. lifted its holdings in shares of GameStop by 1.9% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company's stock worth $853,000 after buying an additional 518 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of GameStop by 32.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock worth $67,000 after buying an additional 520 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of GameStop by 2.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company's stock valued at $575,000 after buying an additional 523 shares during the period. Finally, Securian Asset Management Inc. raised its holdings in shares of GameStop by 1.8% in the fourth quarter. Securian Asset Management Inc. now owns 30,717 shares of the company's stock valued at $963,000 after acquiring an additional 557 shares in the last quarter. Institutional investors own 29.21% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on GME shares. Wedbush set a $11.50 price objective on shares of GameStop in a report on Wednesday, March 26th. StockNews.com raised GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th.

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.