State Street Corp raised its position in shares of Gamestop Corporation (NYSE:GME) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,973,980 shares of the company’s stock after buying an additional 32,494 shares during the period. State Street Corp owned 2.94% of Gamestop Corporation worth $67,071,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of GME. James Investment Research Inc. boosted its stake in Gamestop Corporation by 21.0% in the first quarter. James Investment Research Inc. now owns 4,630 shares of the company’s stock valued at $104,000 after buying an additional 805 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Gamestop Corporation by 151.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,572 shares of the company’s stock valued at $116,000 after buying an additional 2,754 shares during the last quarter. Westpac Banking Corp purchased a new stake in Gamestop Corporation during the first quarter valued at about $134,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Gamestop Corporation by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock valued at $149,000 after buying an additional 3,700 shares during the last quarter. Finally, Parkwood LLC boosted its stake in Gamestop Corporation by 23.3% in the first quarter. Parkwood LLC now owns 9,879 shares of the company’s stock valued at $223,000 after buying an additional 1,864 shares during the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.
Gamestop Corporation (GME) traded down 0.92% during mid-day trading on Friday, hitting $21.50. 1,234,656 shares of the stock traded hands. Gamestop Corporation has a 12 month low of $20.10 and a 12 month high of $32.67. The stock’s 50 day moving average is $21.19 and its 200-day moving average is $23.12. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 6.40 and a beta of 1.20.
Gamestop Corporation (NYSE:GME) last announced its earnings results on Thursday, May 25th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $0.66 earnings per share. Gamestop Corporation’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Gamestop Corporation will post $3.32 EPS for the current year.
GME has been the topic of several research analyst reports. Vetr cut Gamestop Corporation from a “strong-buy” rating to a “buy” rating and set a $26.42 price objective on the stock. in a report on Wednesday, April 26th. Telsey Advisory Group upgraded Gamestop Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a report on Thursday, May 25th. ValuEngine cut Gamestop Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Mizuho reiterated a “buy” rating and issued a $27.00 price objective on shares of Gamestop Corporation in a report on Saturday, May 27th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.84.
About Gamestop Corporation
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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