28,008 Shares in GameStop Corp. (NYSE:GME) Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC purchased a new position in GameStop Corp. (NYSE:GME - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 28,008 shares of the company's stock, valued at approximately $878,000.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its holdings in GameStop by 38.0% in the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company's stock worth $255,526,000 after purchasing an additional 3,070,571 shares during the period. Geode Capital Management LLC increased its position in GameStop by 41.8% in the third quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company's stock worth $144,009,000 after buying an additional 1,852,088 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of GameStop by 22.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company's stock worth $80,322,000 after buying an additional 646,488 shares during the period. Swiss National Bank lifted its position in shares of GameStop by 46.0% during the 3rd quarter. Swiss National Bank now owns 790,528 shares of the company's stock valued at $18,127,000 after buying an additional 249,100 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of GameStop by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 774,096 shares of the company's stock valued at $17,750,000 after acquiring an additional 244,339 shares during the period. 29.21% of the stock is currently owned by institutional investors.

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 that occurred 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 completion of the transaction, the insider now owns 31,385 shares in the company, valued at $975,131.95. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 directly owns 42,350 shares in the company, valued at $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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GME shares. StockNews.com upgraded shares of GameStop to a "sell" rating in a research note on Saturday, October 19th. Wedbush reaffirmed an "underperform" rating and issued a $10.00 target price on shares of GameStop in a report on Friday, December 6th.

GameStop Price Performance

Shares of NYSE:GME traded up $0.44 during trading on Thursday, hitting $27.95. 3,318,055 shares of the company's stock were exchanged, compared to its average volume of 6,872,228. The business's 50-day simple moving average is $29.54 and its 200 day simple moving average is $25.10. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 155.29 and a beta of -0.02. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83.

GameStop (NYSE:GME - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business had revenue of $860.30 million during the quarter, compared to analyst estimates of $887.68 million. GameStop's revenue for the quarter was down 20.2% on a year-over-year basis. On average, sell-side analysts anticipate that GameStop Corp. will post 0.08 EPS for the current fiscal year.

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.