1 week Ago By ABMN Staff
GameStop Corp. ( NYSE:GME – Get Free Report ) Director Lawrence Cheng purchased 5,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of $21.
54 per share, for a total transaction of $107,700.00. Following the purchase, the director now owns 83,000 shares in the company, valued at $1,787,820.
This trade represents a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
GameStop Stock Down 3.9 % Shares of GME stock opened at $23.34 on Wednesday.
The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 129.67 and a beta of -0.
44. GameStop Corp. has a 12-month low of $9.
95 and a 12-month high of $64.83. The firm has a fifty day moving average of $24.
61 and a 200-day moving average of $25.80. GameStop ( NYSE:GME – Get Free Report ) last posted its earnings results on Tuesday, March 25th.
The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.
21. GameStop had a return on equity of 2.11% and a net margin of 1.
45%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.
48 billion. During the same period in the previous year, the firm earned $0.21 earnings per share.
The company’s revenue was down 28.5% on a year-over-year basis. Research analysts expect that GameStop Corp.
will post 0.08 earnings per share for the current year. Analyst Ratings Changes Check Out Our Latest Report on GME Institutional Trading of GameStop Hedge funds have recently bought and sold shares of the stock.
Vanguard Group Inc. boosted its holdings 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 valued at $1,226,775,000 after buying an additional 2,036,032 shares during the period. State Street Corp boosted 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 worth $255,526,000 after purchasing an additional 3,070,571 shares during the period. Geode Capital Management LLC increased its holdings in GameStop by 6.
1% during the 4th quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company’s stock worth $208,769,000 after purchasing an additional 380,554 shares in the last quarter. Charles Schwab Investment Management Inc.
raised its stake in shares of 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 period. Finally, Northern Trust Corp lifted its holdings in shares of GameStop by 26.2% in the fourth quarter.
Northern Trust Corp now owns 3,171,303 shares of the company’s stock valued at $99,389,000 after purchasing an additional 659,345 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.
About GameStop ( Get Free Report ) 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.
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