GameStop Corp. (NYSE:GME) Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position 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 SEC. The institutional investor owned 3,610,264 shares of the company's stock after buying an additional 107,354 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.81% of GameStop worth $113,146,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in GameStop by 38.0% in the third 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of GameStop by 41.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company's stock valued at $144,009,000 after acquiring an additional 1,852,088 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of GameStop by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company's stock valued at $80,401,000 after acquiring an additional 60,673 shares in the last quarter. Rhumbline Advisers lifted its holdings in GameStop by 4.2% in the 4th quarter. Rhumbline Advisers now owns 1,069,750 shares of the company's stock worth $33,526,000 after purchasing an additional 42,793 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in GameStop by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 930,765 shares of the company's stock worth $29,170,000 after purchasing an additional 33,396 shares during the period. Institutional investors own 29.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Buying and Selling at GameStop

In other GameStop news, 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 completion of the transaction, the general counsel now owns 42,350 shares of the company's stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel William Moore sold 895 shares of GameStop 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 $27,807.65. Following the sale, the insider now directly owns 31,385 shares in the company, valued at $975,131.95. The trade was a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

GameStop Stock Performance

GameStop stock opened at $24.00 on Friday. The business's 50-day simple moving average is $27.55 and its 200-day simple moving average is $25.54. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83. The firm has a market capitalization of $10.72 billion, a PE ratio of 133.31 and a beta of -0.29.

GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.09. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The company 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. Research analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current 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.

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