Swiss National Bank Buys 249,100 Shares of GameStop Corp. (NYSE:GME)

Swiss National Bank increased its position in shares of GameStop Corp. (NYSE:GME - Free Report) by 46.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 790,528 shares of the company's stock after acquiring an additional 249,100 shares during the period. Swiss National Bank owned about 0.19% of GameStop worth $18,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GME. Van ECK Associates Corp lifted its holdings in GameStop by 8.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company's stock worth $41,866,000 after buying an additional 136,785 shares during the period. Renaissance Technologies LLC lifted its stake in shares of GameStop by 34.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company's stock valued at $33,261,000 after purchasing an additional 342,178 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of GameStop in the 2nd quarter valued at about $9,577,000. New York State Teachers Retirement System lifted its stake in shares of GameStop by 5.4% in the 3rd quarter. New York State Teachers Retirement System now owns 281,364 shares of the company's stock valued at $6,452,000 after purchasing an additional 14,400 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in GameStop by 35.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 209,616 shares of the company's stock valued at $4,806,000 after buying an additional 55,346 shares in the last quarter. Institutional investors own 29.21% of the company's stock.

Insider Buying and Selling

In related news, insider Daniel William Moore sold 1,972 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $43,305.12. Following the transaction, the insider now owns 37,280 shares of the company's stock, valued at $818,668.80. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Mark Haymond Robinson sold 11,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $20.82, for a total value of $229,020.00. Following the completion of the transaction, the general counsel now directly owns 43,927 shares in the company, valued at approximately $914,560.14. This represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,639 shares of company stock worth $481,000. Corporate insiders own 12.28% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on GME shares. StockNews.com raised GameStop to a "sell" rating in a research report on Saturday, October 19th. Wedbush decreased their target price on GameStop from $11.00 to $10.00 and set an "underperform" rating for the company in a research report on Wednesday, September 11th.

GameStop Stock Performance

GME traded up $0.11 during midday trading on Friday, reaching $27.93. 7,866,999 shares of the company were exchanged, compared to its average volume of 19,289,813. The company's fifty day moving average price is $22.63 and its 200 day moving average price is $23.60. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 214.15 and a beta of -0.13. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $798.30 million for the quarter, compared to the consensus estimate of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. GameStop's revenue for the quarter was down 31.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) earnings per share. As a group, sell-side analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

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.