Deutsche Bank AG Acquires 194,612 Shares of GameStop Corp. (NYSE:GME)

Deutsche Bank AG boosted its holdings in GameStop Corp. (NYSE:GME) by 1,010.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 213,873 shares of the company’s stock after purchasing an additional 194,612 shares during the quarter. Deutsche Bank AG’s holdings in GameStop were worth $6,703,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of GameStop by 223.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company’s stock worth $31,000 after buying an additional 684 shares during the period. New Wave Wealth Advisors LLC bought a new position in GameStop during the fourth quarter worth $37,000. R Squared Ltd acquired a new stake in GameStop in the fourth quarter worth $51,000. Bessemer Group Inc. increased its stake in GameStop by 67.2% in the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company’s stock valued at $54,000 after purchasing an additional 691 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in GameStop by 59.9% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock valued at $57,000 after purchasing an additional 682 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GME has been the topic of a number of research analyst reports. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th. Wedbush set a $11.50 price objective on GameStop in a research note on Wednesday, March 26th.

GameStop Trading Down 0.7%

GME opened at $28.43 on Friday. GameStop Corp. has a 1-year low of $17.70 and a 1-year high of $48.00. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 157.98 and a beta of -0.76. The company’s fifty day moving average price is $25.52 and its two-hundred day moving average price is $26.88.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm’s revenue was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. As a group, equities analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 4,687 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total value of $105,598.11. Following the completion of the sale, the general counsel now directly owns 37,663 shares of the company’s stock, valued at approximately $848,547.39. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel William Moore sold 1,608 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.53, for a total transaction of $36,228.24. Following the completion of the sale, the insider now owns 29,777 shares of the company’s stock, valued at approximately $670,875.81. This trade represents a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 515,000 shares of company stock valued at $11,140,200 over the last ninety days. 12.28% of the stock is currently owned by insiders.

GameStop Company Profile

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.