GameStop Corp. (NYSE:GME – Get Free Report) insider Daniel William Moore sold 7,085 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total value of $158,562.30. Following the completion of the sale, the insider directly owned 115,125 shares in the company, valued at $2,576,497.50. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
GameStop Stock Performance
Shares of GME opened at $22.22 on Wednesday. The firm has a fifty day moving average of $22.37 and a 200-day moving average of $22.85. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 16.83 and a beta of 1.76. The company has a debt-to-equity ratio of 0.71, a quick ratio of 11.91 and a current ratio of 12.40. GameStop Corp. has a 1 year low of $19.93 and a 1 year high of $28.10.
GameStop (NYSE:GME – Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $835.30 million for the quarter, compared to analysts’ expectations of $766.63 million. GameStop had a net margin of 20.45% and a return on equity of 13.75%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on GameStop
Hedge Funds Weigh In On GameStop
A number of institutional investors and hedge funds have recently bought and sold shares of GME. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of GameStop by 0.5% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 92,197 shares of the company’s stock worth $1,851,000 after acquiring an additional 463 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of GameStop by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company’s stock valued at $3,574,000 after acquiring an additional 578 shares during the period. Panagora Asset Management Inc. increased its stake in shares of GameStop by 4.5% during the fourth quarter. Panagora Asset Management Inc. now owns 13,692 shares of the company’s stock valued at $275,000 after acquiring an additional 594 shares during the period. UMB Bank n.a. raised its holdings in GameStop by 14.5% during the fourth quarter. UMB Bank n.a. now owns 4,694 shares of the company’s stock worth $94,000 after purchasing an additional 595 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in GameStop by 9.4% during the second quarter. Rakuten Securities Inc. now owns 7,572 shares of the company’s stock worth $185,000 after purchasing an additional 650 shares in the last quarter. Institutional investors own 29.21% of the company’s stock.
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.
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