GameStop Corp. (NYSE:GME) Shares Purchased by Xponance Inc.

Xponance Inc. raised its holdings in shares of GameStop Corp. (NYSE:GME) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,607 shares of the company’s stock after buying an additional 4,515 shares during the period. Xponance Inc.’s holdings in GameStop were worth $1,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GME. Charles Schwab Investment Management Inc. lifted its position in shares of GameStop by 22.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock worth $80,322,000 after purchasing an additional 646,488 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of GameStop during the fourth quarter worth $878,000. Algert Global LLC lifted its position in shares of GameStop by 270.5% during the third quarter. Algert Global LLC now owns 150,526 shares of the company’s stock worth $3,452,000 after purchasing an additional 109,900 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of GameStop by 41.7% during the third quarter. Retirement Systems of Alabama now owns 471,156 shares of the company’s stock worth $10,804,000 after purchasing an additional 138,597 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of GameStop by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company’s stock worth $80,401,000 after purchasing an additional 60,673 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

GameStop Trading Up 5.5 %

NYSE GME opened at $24.81 on Friday. The company’s fifty day simple moving average is $25.75 and its 200-day simple moving average is $25.61. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83. The stock has a market cap of $11.08 billion, a P/E ratio of 137.81 and a beta of -0.29.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued an “underperform” rating and set a $10.00 target price on shares of GameStop in a research report on Friday, December 6th.

Insider Transactions at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the sale, the general counsel now owns 42,350 shares in the company, valued at approximately $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel William Moore sold 895 shares of GameStop stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the completion of the sale, the insider now owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

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.