Motley Fool Asset Management LLC Invests $206,000 in GameStop Corp. (NYSE:GME)

Motley Fool Asset Management LLC purchased a new stake in GameStop Corp. (NYSE:GME) in the 4th quarter, HoldingsChannel reports. The fund purchased 6,581 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of GameStop by 38.0% in the 3rd quarter. State Street Corp now owns 11,143,759 shares of the company’s stock worth $255,526,000 after acquiring an additional 3,070,571 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of GameStop by 5.5% in 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 last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $144,009,000 after purchasing an additional 1,852,088 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of GameStop by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 774,096 shares of the company’s stock valued at $17,750,000 after buying an additional 244,339 shares during the last quarter. Finally, Amundi bought a new stake in GameStop during the fourth quarter worth $5,332,000. Institutional investors own 29.21% of the company’s stock.

Insiders Place Their Bets

In related news, insider Daniel William Moore sold 1,608 shares of GameStop stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $36,228.24. Following the sale, the insider now owns 29,777 shares of the company’s stock, valued at approximately $670,875.81. The trade was a 5.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 4,687 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $105,598.11. Following the transaction, the general counsel now directly owns 37,663 shares of the company’s stock, valued at approximately $848,547.39. This trade represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

Wall Street Analysts Forecast Growth

GME has been the topic of a number of analyst reports. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Wedbush set a $11.50 price target on shares of GameStop in a report on Wednesday, March 26th.

GameStop Trading Up 10.6 %

Shares of GME opened at $23.34 on Friday. The stock has a 50 day moving average of $24.83 and a 200 day moving average of $25.69. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 129.68 and a beta of -0.29. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.21. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.48 billion. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The business’s revenue was down 28.5% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. As a group, equities research analysts predict that GameStop Corp. will post 0.08 earnings per share for the current year.

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.