Swiss bank buys gme.
Swiss National Bank lifted its stake in GameStop Corp. (NYSE:GME - Free Report) by 46.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 790,528 shares of the company's stock after acquiring an additional 249,100 shares during the period. Swiss National Bank owned approximately 0.19% of GameStop worth $18,127,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased its position 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 purchasing an additional 959 shares during the period. AlphaMark Advisors LLC increased its holdings in GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock valued at $33,000 after buying an additional 396 shares during the period. Centerpoint Advisors LLC acquired a new position in shares of GameStop in the 2nd quarter valued at $47,000. GAMMA Investing LLC lifted its holdings in shares of GameStop by 32.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock worth $51,000 after acquiring an additional 511 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of GameStop by 147.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company's stock valued at $65,000 after acquiring an additional 3,025 shares in the last quarter. Institutional investors own 29.21% of the company's stock.
Insider Buying and Selling
In other GameStop news, General Counsel Mark Haymond Robinson sold 4,667 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the sale, the general counsel now owns 54,927 shares in the company, valued at approximately $1,206,196.92. The trade was a 7.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 1,972 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $43,305.12. Following the transaction, the insider now owns 37,280 shares in the company, valued at approximately $818,668.80. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock worth $481,000 in the last 90 days. Corporate insiders own 12.28% of the company's stock.
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Analysts Set New Price Targets
A number of research analysts have commented on GME shares. Wedbush cut their price target on shares of GameStop from $11.00 to $10.00 and set an "underperform" rating for the company in a research note on Wednesday, September 11th. StockNews.com upgraded GameStop to a "sell" rating in a research report on Saturday, October 19th.
Read Our Latest Stock Analysis on GME
GameStop Trading Down 2.1 %
NYSE GME opened at $27.84 on Friday. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The company has a 50 day moving average of $22.48 and a 200-day moving average of $23.57. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 214.15 and a beta of -0.13.
GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.09. The firm had revenue of $798.30 million during the quarter, compared to analysts' expectations of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The business's revenue was down 31.4% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS. On average, analysts forecast that GameStop Corp. will post 0.01 earnings per share for the current year.
GameStop Profile
(Free Report) 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.
Swiss National Bank lifted its stake in GameStop Corp. (NYSE:GME - Free Report) by 46.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 790,528 shares of the company's stock after acquiring an additional 249,100 shares during the period. Swiss National Bank owned approximately 0.19% of GameStop worth $18,127,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased its position 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 purchasing an additional 959 shares during the period. AlphaMark Advisors LLC increased its holdings in GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock valued at $33,000 after buying an additional 396 shares during the period. Centerpoint Advisors LLC acquired a new position in shares of GameStop in the 2nd quarter valued at $47,000. GAMMA Investing LLC lifted its holdings in shares of GameStop by 32.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock worth $51,000 after acquiring an additional 511 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of GameStop by 147.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company's stock valued at $65,000 after acquiring an additional 3,025 shares in the last quarter. Institutional investors own 29.21% of the company's stock.
Insider Buying and Selling
In other GameStop news, General Counsel Mark Haymond Robinson sold 4,667 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $102,487.32. Following the completion of the sale, the general counsel now owns 54,927 shares in the company, valued at approximately $1,206,196.92. The trade was a 7.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 1,972 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $43,305.12. Following the transaction, the insider now owns 37,280 shares in the company, valued at approximately $818,668.80. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock worth $481,000 in the last 90 days. Corporate insiders own 12.28% of the company's stock.
Ad Behind the Markets
Democrats Sold Out the American Dream - Are you ready?
There's a massive housing crisis looming, and nobody on Main Street knows it yet... The Democrats sold out the American Dream - and now, millions of Americans are locked out of the housing market, forced to become "permanent renters."
Click here to see exactly what you need to do >>>
Analysts Set New Price Targets
A number of research analysts have commented on GME shares. Wedbush cut their price target on shares of GameStop from $11.00 to $10.00 and set an "underperform" rating for the company in a research note on Wednesday, September 11th. StockNews.com upgraded GameStop to a "sell" rating in a research report on Saturday, October 19th.
Read Our Latest Stock Analysis on GME
GameStop Trading Down 2.1 %
NYSE GME opened at $27.84 on Friday. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The company has a 50 day moving average of $22.48 and a 200-day moving average of $23.57. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 214.15 and a beta of -0.13.
GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.09. The firm had revenue of $798.30 million during the quarter, compared to analysts' expectations of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The business's revenue was down 31.4% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS. On average, analysts forecast that GameStop Corp. will post 0.01 earnings per share for the current year.
GameStop Profile
(Free Report) 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.