Insider Selling: GameStop Corp. (NYSE:GME) Insider Sells $27,807.65 in Stock

GameStop Corp. (NYSE:GME) 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 value of $27,807.65. Following the transaction, the insider now directly owns 31,385 shares of the company’s stock, valued at $975,131.95. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Daniel William Moore also recently made the following trade(s):

• On Friday, October 11th, Daniel William Moore sold 2,624 shares of GameStop stock. The shares were sold at an average price of $21.00, for a total transaction of $55,104.00.

GameStop Stock Performance

GME opened at $32.95 on Thursday. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83. The company’s 50 day simple moving average is $28.55 and its 200 day simple moving average is $24.68. The stock has a market capitalization of $14.72 billion, a PE ratio of 183.07 and a beta of -0.02.

GameStop (NYSE:GME) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. The company had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. As a group, sell-side analysts expect that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GameStop

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of GameStop by 38.0% in the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company’s stock valued at $255,526,000 after purchasing an additional 3,070,571 shares in the last quarter. Geode Capital Management LLC lifted its position 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 buying an additional 1,852,088 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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. Cubist Systematic Strategies LLC acquired a new stake in shares of GameStop in the second quarter worth $9,577,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of GameStop by 34.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock valued at $33,261,000 after acquiring an additional 342,178 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of GameStop to a “sell” rating in a research note on Saturday, October 19th. Wedbush reaffirmed an “underperform” rating and issued a $10.00 price objective on shares of GameStop in a research report on Friday, December 6th.

About GameStop

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.