Mark Haymond Robinson Sells 5,475 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 5,475 shares of GameStop stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $20.44, for a total transaction of $111,909.00. Following the sale, the general counsel directly owned 117,355 shares of the company’s stock, valued at approximately $2,398,736.20. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

GameStop Stock Down 0.3%

NYSE GME traded down $0.06 during trading on Tuesday, reaching $20.66. 3,376,049 shares of the company’s stock were exchanged, compared to its average volume of 5,321,925. The company has a 50 day moving average price of $21.63 and a two-hundred day moving average price of $23.00. The stock has a market cap of $9.25 billion, a P/E ratio of 25.19 and a beta of -1.23. GameStop Corp. has a 1 year low of $19.93 and a 1 year high of $35.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 9.77 and a current ratio of 10.39.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $987.29 million. GameStop had a return on equity of 9.75% and a net margin of 11.08%.The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, equities research analysts anticipate that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of GameStop by 28.3% during the second quarter. JPMorgan Chase & Co. now owns 1,025,993 shares of the company’s stock worth $25,024,000 after purchasing an additional 226,234 shares in the last quarter. Bayforest Capital Ltd raised its holdings in shares of GameStop by 654.6% during the 1st quarter. Bayforest Capital Ltd now owns 15,212 shares of the company’s stock valued at $340,000 after buying an additional 13,196 shares during the period. Triumph Capital Management lifted its position in GameStop by 194.6% during the 2nd quarter. Triumph Capital Management now owns 35,155 shares of the company’s stock worth $857,000 after acquiring an additional 23,222 shares in the last quarter. Marshall Wace LLP lifted its position in GameStop by 347.7% during the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company’s stock worth $162,381,000 after acquiring an additional 5,170,741 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in GameStop by 28.8% in the 1st quarter. Voya Investment Management LLC now owns 179,896 shares of the company’s stock worth $4,015,000 after acquiring an additional 40,238 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GameStop in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $13.50.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.