Vanguard Group Inc. Boosts Stock Holdings in GameStop Corp. (NYSE:GME) (2024)

Vanguard Group Inc. grew its position in shares of GameStop Corp. (NYSE:GME – Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,450,256 shares of the company’s stock after buying an additional 167,145 shares during the quarter. Vanguard Group Inc. owned 8.33% of GameStop worth $446,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its holdings in shares of GameStop by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 118,788 shares of the company’s stock valued at $2,082,000 after buying an additional 1,160 shares during the last quarter. Federated Hermes Inc. boosted its holdings in GameStop by 3.8% in the third quarter. Federated Hermes Inc. now owns 36,902 shares of the company’s stock worth $607,000 after purchasing an additional 1,363 shares during the last quarter. Fifth Third Bancorp boosted its holdings in GameStop by 50.6% in the fourth quarter. Fifth Third Bancorp now owns 4,300 shares of the company’s stock worth $75,000 after purchasing an additional 1,445 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in GameStop by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 336,422 shares of the company’s stock worth $5,897,000 after purchasing an additional 1,567 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in GameStop by 13.2% in the fourth quarter. United Services Automobile Association now owns 21,109 shares of the company’s stock worth $370,000 after purchasing an additional 2,457 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GME shares. Wedbush dropped their target price on shares of GameStop from $13.50 to $11.00 and set an “underperform” rating on the stock in a report on Wednesday, June 12th. StockNews.com upgraded shares of GameStop to a “sell” rating in a report on Thursday, June 20th.

Get Our Latest Stock Report on GameStop

Insiders Place Their Bets

In other GameStop news, General Counsel Mark Haymond Robinson sold 2,215 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $26.33, for a total value of $58,320.95. Following the transaction, the general counsel now directly owns 48,408 shares in the company, valued at $1,274,582.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Mark Haymond Robinson sold 2,215 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $26.33, for a total transaction of $58,320.95. Following the sale, the general counsel now directly owns 48,408 shares in the company, valued at approximately $1,274,582.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence Cheng acquired 10,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were purchased at an average price of $11.22 per share, for a total transaction of $112,200.00. Following the completion of the transaction, the director now directly owns 65,088 shares in the company, valued at $730,287.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 29,636 shares of company stock worth $346,474. Company insiders own 12.28% of the company’s stock.

GameStop Stock Down 3.0 %

GME opened at $24.18 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.42 and a debt-to-equity ratio of 0.01. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The company has a market capitalization of $8.49 billion, a PE ratio of 302.29 and a beta of -0.27. The firm’s 50 day simple moving average is $21.73 and its two-hundred day simple moving average is $17.03.

GameStop (NYSE:GME – Get Free Report) last released its quarterly earnings results on Friday, June 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). GameStop had a return on equity of 1.78% and a net margin of 0.51%. The business had revenue of $881.80 million during the quarter, compared to the consensus estimate of $995.30 million. During the same quarter in the previous year, the business posted ($0.14) earnings per share. The firm’s revenue was down 28.7% on a year-over-year basis. As a group, equities analysts forecast that GameStop Corp. will post 0.08 EPS for the current year.

GameStop Company Profile

(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.

Featured Articles

• Five stocks we like better than GameStop
• Should You Add These Warren Buffett Stocks to Your Portfolio?
• Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
• Options Trading – Understanding Strike Price
• General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
• What to Know About Investing in Penny Stocks
• Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs

Want to see what other hedge funds are holding GME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GameStop Corp. (NYSE:GME – Free Report).

Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.