GameStop (NYSE:GME) General Counsel Sells 7,209 Shares

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 7,209 shares of GameStop stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total value of $165,374.46. Following the completion of the transaction, the general counsel owned 97,946 shares in the company, valued at approximately $2,246,881.24. The trade was a 6.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mark Haymond Robinson also recently made the following trade(s):

• On Monday, January 12th, Mark Haymond Robinson sold 12,200 shares of GameStop stock. The stock was sold at an average price of $21.00, for a total value of $256,200.00.

GameStop Trading Up 0.1%

NYSE GME traded up $0.03 during trading hours on Friday, reaching $23.39. The company’s stock had a trading volume of 3,834,282 shares, compared to its average volume of 5,872,089. GameStop Corp. has a 52 week low of $19.93 and a 52 week high of $35.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 15.30 and a quick ratio of 14.68. The stock has a market cap of $10.49 billion, a P/E ratio of 31.18 and a beta of 1.86. The firm has a fifty day simple moving average of $23.76 and a 200-day simple moving average of $23.07.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, March 24th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.12. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.47 billion. GameStop had a net margin of 11.53% and a return on equity of 12.47%. Equities analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GME. Wall Street Zen downgraded GameStop from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $13.50.

Institutional Trading of GameStop

Several large investors have recently modified their holdings of GME. JPMorgan Chase & Co. lifted its holdings in GameStop by 28.3% in the second quarter. JPMorgan Chase & Co. now owns 1,025,993 shares of the company’s stock worth $25,024,000 after buying an additional 226,234 shares during the period. AGF Management Ltd. raised its holdings in GameStop by 69.3% in the third quarter. AGF Management Ltd. now owns 147,068 shares of the company’s stock worth $4,012,000 after buying an additional 60,182 shares during the last quarter. Marshall Wace LLP boosted its stake in GameStop by 347.7% during the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company’s stock valued at $162,381,000 after purchasing an additional 5,170,741 shares during the last quarter. Van ECK Associates Corp increased its holdings in GameStop by 58.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,098,538 shares of the company’s stock worth $84,528,000 after buying an additional 1,141,215 shares in the last quarter. Finally, South Dakota Investment Council bought a new position in GameStop during the 3rd quarter valued at about $2,095,000. 29.21% of the stock is owned by institutional investors.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.