XTX Topco Ltd Raises Holdings in GameStop Corp. (NYSE:GME)

XTX Topco Ltd increased its stake in GameStop Corp. (NYSE:GME - Free Report) by 599.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,044 shares of the company's stock after buying an additional 76,305 shares during the period. XTX Topco Ltd's holdings in GameStop were worth $2,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GME. UMB Bank n.a. grew its holdings in shares of GameStop by 535.8% during the third quarter. UMB Bank n.a. now owns 1,138 shares of the company's stock valued at $26,000 after buying an additional 959 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock worth $33,000 after purchasing an additional 396 shares during the period. Centerpoint Advisors LLC bought a new stake in GameStop during the second quarter valued at approximately $47,000. GAMMA Investing LLC grew its position in shares of GameStop by 32.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock valued at $51,000 after acquiring an additional 511 shares during the period. Finally, CWM LLC raised its holdings in GameStop by 115.6% in the 2nd quarter. CWM LLC now owns 2,660 shares of the company's stock worth $66,000 after purchasing an additional 1,426 shares during the period. Institutional investors own 29.21% of the company's stock.

Insider Buying and Selling

In other GameStop news, insider Daniel William Moore sold 1,972 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $43,305.12. Following the completion of the sale, the insider now owns 37,280 shares in the company, valued at $818,668.80. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark Haymond Robinson sold 11,000 shares of the business's stock in a transaction on Thursday, October 10th. The stock was 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 of the company's stock, valued at approximately $914,560.14. The trade was a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,639 shares of company stock valued at $481,000. Insiders own 12.28% of the company's stock.

GameStop Trading Up 1.5 %

Shares of GME stock traded up $0.43 on Friday, reaching $29.06. The company's stock had a trading volume of 15,161,435 shares, compared to its average volume of 13,174,818. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 223.54 and a beta of -0.11. The stock's fifty day simple moving average is $24.32 and its 200-day simple moving average is $23.92. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.

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

Analyst Upgrades and Downgrades

GME has been the subject of a number of analyst reports. StockNews.com raised shares of GameStop to a "sell" rating in a research note on Saturday, October 19th. Wedbush restated an "underperform" rating and set a $10.00 price objective on shares of GameStop in a research report on Friday.

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.