GameStop Corp. (NYSE:GME) Shares Acquired by Swiss National Bank

Swiss National Bank grew its stake in shares of GameStop Corp. (NYSE:GME - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 834,228 shares of the company's stock after purchasing an additional 43,700 shares during the period. Swiss National Bank owned approximately 0.19% of GameStop worth $26,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. boosted its holdings in GameStop by 91.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 23,703 shares of the company's stock worth $743,000 after buying an additional 11,322 shares in the last quarter. Securian Asset Management Inc. boosted its stake in shares of GameStop by 1.8% during the 4th quarter. Securian Asset Management Inc. now owns 30,717 shares of the company's stock worth $963,000 after acquiring an additional 557 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of GameStop by 8.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 77,213 shares of the company's stock worth $2,420,000 after acquiring an additional 5,719 shares during the period. SLT Holdings LLC purchased a new position in GameStop in the 4th quarter valued at approximately $870,000. Finally, Amundi purchased a new position in GameStop in the 4th quarter valued at approximately $5,332,000. 29.21% of the stock is owned by institutional investors and hedge funds.

GameStop Price Performance

GME traded up $1.30 during midday trading on Friday, reaching $24.81. 6,601,419 shares of the company's stock were exchanged, compared to its average volume of 19,330,308. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The stock has a market capitalization of $11.08 billion, a PE ratio of 137.81 and a beta of -0.29. The business's 50-day moving average price is $25.90 and its 200 day moving average price is $25.58.

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Analyst Ratings Changes

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

Insider Buying and Selling

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the business'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 $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 through the SEC website. Also, insider Daniel William Moore sold 895 shares of the stock in a transaction on Friday, January 3rd. The shares were 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 approximately $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 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.