Swiss National Bank Grows Stock Position in GameStop Corp. (NYSE:GME)

Swiss National Bank increased its holdings in GameStop Corp. (NYSE:GME) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 834,228 shares of the company’s stock after buying an additional 43,700 shares during the period. Swiss National Bank owned about 0.19% of GameStop worth $26,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its stake in 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 during the last quarter. Geode Capital Management LLC raised its stake in GameStop by 41.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock valued at $144,009,000 after purchasing an additional 1,852,088 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in GameStop by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company’s stock valued at $113,146,000 after purchasing an additional 107,354 shares during the last quarter. Bank of New York Mellon Corp raised its stake in GameStop by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company’s stock valued at $80,401,000 after purchasing an additional 60,673 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in GameStop by 4.2% in the 4th quarter. Rhumbline Advisers now owns 1,069,750 shares of the company’s stock valued at $33,526,000 after purchasing an additional 42,793 shares during the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “underperform” rating and issued a $10.00 target price on shares of GameStop in a research note on Friday, December 6th.

Insider Activity

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $48,997.39. Following the completion of the transaction, the general counsel now owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel William Moore sold 895 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $27,807.65. Following the transaction, the insider now directly owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

GameStop Price Performance

NYSE GME opened at $23.51 on Tuesday. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83. The company has a 50-day moving average of $26.47 and a 200-day moving average of $25.61. The company has a market cap of $10.51 billion, a P/E ratio of 130.64 and a beta of -0.29.

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.