Charles Schwab Investment Management Inc. Buys 107,354 Shares of GameStop Corp. (NYSE:GME)

Charles Schwab Investment Management Inc. lifted its holdings in GameStop Corp. (NYSE:GME - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,610,264 shares of the company's stock after purchasing an additional 107,354 shares during the period. Charles Schwab Investment Management Inc. owned 0.81% of GameStop worth $113,146,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of GameStop by 38.0% during the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company's stock valued at $255,526,000 after acquiring an additional 3,070,571 shares during the last quarter. Geode Capital Management LLC grew its holdings in GameStop by 41.8% during the third quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company's stock valued at $144,009,000 after purchasing an additional 1,852,088 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of GameStop by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock valued at $80,401,000 after purchasing an additional 60,673 shares during the period. Rhumbline Advisers raised its position in shares of GameStop by 4.2% in the fourth quarter. Rhumbline Advisers now owns 1,069,750 shares of the company's stock valued at $33,526,000 after purchasing an additional 42,793 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of GameStop by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 930,765 shares of the company's stock worth $29,170,000 after buying an additional 33,396 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an "underperform" rating and issued a $10.00 target price on shares of GameStop in a research note on Friday, December 6th.

Insider Buying and Selling at GameStop

In other news, insider Daniel William Moore sold 895 shares of the business'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 sale, the insider now directly owns 31,385 shares in the company, valued at approximately $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the firm's stock in a transaction 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 completion of the transaction, the general counsel now directly owns 42,350 shares of the company's stock, valued at approximately $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. Insiders own 12.28% of the company's stock.

GameStop Trading Down 3.1 %

NYSE:GME traded down $0.69 during mid-day trading on Wednesday, hitting $21.92. 2,767,515 shares of the company's stock traded hands, compared to its average volume of 19,325,952. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 122.51 and a beta of -0.29. The firm has a 50 day moving average of $27.19 and a two-hundred day moving average of $25.56. GameStop Corp. has a 12 month low of $9.95 and a 12 month 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, topping the consensus estimate of ($0.03) by $0.09. The business had revenue of $860.30 million for the quarter, compared to the consensus estimate of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company's revenue was down 20.2% on a year-over-year basis. As a group, equities research analysts expect that GameStop Corp. will post 0.08 earnings per share for the current 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.