AlphaQuest LLC Sells 14,760 Shares of GameStop Corp. (NYSE:GME)

AlphaQuest LLC cut its position in GameStop Corp. (NYSE:GME - Free Report) by 91.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,419 shares of the company's stock after selling 14,760 shares during the quarter. AlphaQuest LLC's holdings in GameStop were worth $44,000 at the end of the most recent reporting period.

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

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Analyst Ratings Changes

Separately, Wedbush restated an "underperform" rating and set a $10.00 price objective on shares of GameStop in a research report on Monday.

Insider Buying and Selling

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business'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 $48,997.39. Following the completion of the sale, the general counsel now directly owns 42,350 shares of the company's stock, valued at $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel William Moore sold 895 shares of GameStop stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.

GameStop Stock Performance

Shares of NYSE GME traded up $0.80 during midday trading on Monday, reaching $25.55. 4,986,623 shares of the company's stock were exchanged, compared to its average volume of 19,395,841. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83. The stock has a market capitalization of $11.41 billion, a PE ratio of 141.92 and a beta of -0.29. The business's fifty day moving average price is $25.75 and its two-hundred day moving average price is $25.64.

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.