Zurcher Kantonalbank Zurich Cantonalbank Raises Position in GameStop Corp. (NYSE:GME)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of GameStop Corp. (NYSE:GME) by 8.0% in the 4th quarter, HoldingsChannel reports. The firm owned 77,213 shares of the company’s stock after buying an additional 5,719 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GameStop were worth $2,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in shares of GameStop during the 4th quarter worth approximately $37,000. R Squared Ltd bought a new stake in GameStop during the 4th quarter valued at $51,000. UMB Bank n.a. raised its holdings in GameStop by 59.9% during the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock valued at $57,000 after acquiring an additional 682 shares during the period. SBI Securities Co. Ltd. bought a new stake in GameStop during the 4th quarter valued at $99,000. Finally, GAMMA Investing LLC raised its holdings in GameStop by 65.8% during the 4th quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock valued at $112,000 after acquiring an additional 1,414 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

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

GameStop Price Performance

Shares of GME stock opened at $23.08 on Monday. The company’s fifty day simple moving average is $26.65 and its two-hundred day simple moving average is $25.60. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 128.20 and a beta of -0.29. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.

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.