XTX Topco Ltd Purchases 76,305 Shares of GameStop Corp. (NYSE:GME)

XTX Topco Ltd boosted its position in GameStop Corp. (NYSE:GME) by 599.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,044 shares of the company’s stock after purchasing an additional 76,305 shares during the quarter. XTX Topco Ltd’s holdings in GameStop were worth $2,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Advisors LLC bought a new position in shares of GameStop in the 1st quarter worth about $806,000. GAMMA Investing LLC lifted its holdings in shares of GameStop by 32.9% during the second quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock valued at $51,000 after purchasing an additional 511 shares during the last quarter. CWM LLC boosted its position in shares of GameStop by 115.6% in the 2nd quarter. CWM LLC now owns 2,660 shares of the company’s stock worth $66,000 after purchasing an additional 1,426 shares in the last quarter. Simplicity Wealth LLC purchased a new stake in shares of GameStop in the 2nd quarter worth approximately $553,000. Finally, SG Americas Securities LLC increased its position in GameStop by 38.9% during the 2nd quarter. SG Americas Securities LLC now owns 12,907 shares of the company’s stock valued at $319,000 after buying an additional 3,614 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Stock Up 1.5 %

Shares of GME opened at $29.06 on Friday. The company has a market capitalization of $12.39 billion, a P/E ratio of 223.56 and a beta of -0.11. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83. The firm has a 50 day moving average of $24.32 and a 200 day moving average of $23.90.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The business had revenue of $798.30 million during the quarter, compared to analyst estimates of $895.67 million. During the same quarter last year, the company earned ($0.03) EPS. The company’s quarterly revenue was down 31.4% compared to the same quarter last year. On average, sell-side analysts expect that GameStop Corp. will post 0.01 EPS for the current year.

Insider Buying and Selling at GameStop

In other news, General Counsel Mark Haymond Robinson sold 4,667 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total value of $102,487.32. Following the transaction, the general counsel now directly owns 54,927 shares in the company, valued at $1,206,196.92. This trade represents a 7.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel William Moore sold 1,972 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total value of $43,305.12. Following the completion of the transaction, the insider now directly owns 37,280 shares in the company, valued at approximately $818,668.80. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,639 shares of company stock worth $481,000. Company insiders own 12.28% of the company’s stock.

Analyst Upgrades and Downgrades

GME has been the topic of several analyst reports. Wedbush reissued an “underperform” rating and issued a $10.00 target price on shares of GameStop in a report on Friday. StockNews.com raised shares of GameStop to a “sell” rating in a research report on Saturday, October 19th.

GameStop 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.