GameStop Corp. (NYSE:GME) General Counsel Sells $48,997.39 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 1,577 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 transaction of $48,997.39. Following the sale, the general counsel now directly owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mark Haymond Robinson also recently made the following trade(s):

• On Thursday, October 10th, Mark Haymond Robinson sold 11,000 shares of GameStop stock. The shares were sold at an average price of $20.82, for a total value of $229,020.00.

GameStop Stock Down 1.3 %

GameStop stock opened at $32.95 on Thursday. The firm has a fifty day simple moving average of $28.55 and a two-hundred day simple moving average of $24.68. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83. The company has a market capitalization of $14.72 billion, a PE ratio of 183.07 and a beta of -0.02.

GameStop (NYSE:GME) last released its 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. 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. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. As a group, equities analysts expect that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GME has been the topic of several recent research reports. Wedbush reiterated an “underperform” rating and set a $10.00 price objective on shares of GameStop in a research report on Friday, December 6th. StockNews.com raised shares of GameStop to a “sell” rating in a research note on Saturday, October 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp boosted its position in 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 buying an additional 3,070,571 shares during the period. Geode Capital Management LLC grew its stake in shares of GameStop by 41.8% in the third quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock worth $144,009,000 after purchasing an additional 1,852,088 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in GameStop by 22.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after purchasing an additional 646,488 shares during the period. Van ECK Associates Corp raised its position in GameStop by 8.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company’s stock valued at $41,866,000 after purchasing an additional 136,785 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in GameStop by 34.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock worth $33,261,000 after buying an additional 342,178 shares during the period. Institutional investors own 29.21% of the company’s stock.

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.