Gamestop Corporation (GME) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in Gamestop Corporation (NYSE:GME) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,782 shares of the company’s stock after selling 3,100 shares during the period. Swiss National Bank owned 0.17% of Gamestop Corporation worth $3,783,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gamestop Corporation by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock worth $149,000 after buying an additional 3,700 shares in the last quarter. American Assets Investment Management LLC raised its position in Gamestop Corporation by 8.2% in the first quarter. American Assets Investment Management LLC now owns 131,560 shares of the company’s stock valued at $2,967,000 after buying an additional 10,000 shares in the last quarter. Comerica Bank raised its position in Gamestop Corporation by 4.6% in the first quarter. Comerica Bank now owns 80,977 shares of the company’s stock valued at $1,871,000 after buying an additional 3,526 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Gamestop Corporation by 213.5% in the first quarter. BNP Paribas Arbitrage SA now owns 545,581 shares of the company’s stock valued at $12,303,000 after buying an additional 371,538 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Gamestop Corporation by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 2,353,604 shares of the company’s stock valued at $53,075,000 after buying an additional 104,938 shares in the last quarter. 99.62% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

Gamestop Corporation (NYSE:GME) opened at 20.59 on Friday. The firm has a market cap of $2.09 billion, a P/E ratio of 6.13 and a beta of 1.14. The stock has a 50 day moving average of $23.02 and a 200-day moving average of $23.99. Gamestop Corporation has a 12 month low of $20.10 and a 12 month high of $32.67.

Gamestop Corporation (NYSE:GME) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Gamestop Corporation had a return on equity of 17.55% and a net margin of 3.99%. Gamestop Corporation’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. Equities research analysts predict that Gamestop Corporation will post $3.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Wednesday, June 7th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Monday, June 5th. Gamestop Corporation’s dividend payout ratio (DPR) is presently 44.97%.

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GME has been the topic of several recent analyst reports. Telsey Advisory Group raised shares of Gamestop Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 10th. Mizuho reissued a “buy” rating and issued a $27.00 target price on shares of Gamestop Corporation in a report on Tuesday, April 18th. Vetr lowered shares of Gamestop Corporation from a “strong-buy” rating to a “buy” rating and set a $26.42 target price on the stock. in a report on Wednesday, April 26th. Bank of America Corporation lowered shares of Gamestop Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the company from $28.00 to $24.00 in a report on Friday, March 24th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $20.00 price target (down from $22.00) on shares of Gamestop Corporation in a research note on Saturday, March 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.64.

Gamestop Corporation Company Profile

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

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