GameStop Corp. (NYSE:GME) Shares Acquired by United Services Automobile Association

United Services Automobile Association increased its position in shares of GameStop Corp. (NYSE:GME) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,158 shares of the company’s stock after acquiring an additional 2,658 shares during the quarter. United Services Automobile Association’s holdings in GameStop were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GME. Vanguard Group Inc. raised its stake in GameStop by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company’s stock worth $1,226,775,000 after purchasing an additional 2,036,032 shares during the period. State Street Corp increased its holdings in shares of GameStop by 38.0% during the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company’s stock worth $255,526,000 after buying an additional 3,070,571 shares during the last quarter. Geode Capital Management LLC raised its position in shares of GameStop by 41.8% during the 3rd 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in GameStop by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company’s stock valued at $113,146,000 after acquiring an additional 107,354 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in GameStop by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company’s stock worth $80,401,000 after acquiring an additional 60,673 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Price Performance

Shares of GME stock opened at $25.55 on Tuesday. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The firm has a market cap of $11.41 billion, a PE ratio of 141.92 and a beta of -0.29. The company has a 50-day moving average of $25.63 and a two-hundred day moving average of $25.66.

Insiders Place Their Bets

In other news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s 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 owns 42,350 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel William Moore sold 895 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the sale, the insider now owns 31,385 shares in the company, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated an “underperform” rating and issued a $10.00 target price on shares of GameStop in a research report on Monday.

GameStop 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.