PNC Financial Services Group Inc. Has $585,000 Stock Holdings in GameStop Corp. (NYSE:GME)

PNC Financial Services Group Inc. raised its stake in GameStop Corp. (NYSE:GME) by 45.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,662 shares of the company’s stock after purchasing an additional 5,807 shares during the quarter. PNC Financial Services Group Inc.’s holdings in GameStop were worth $585,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in GameStop in the 4th quarter valued at approximately $37,000. R Squared Ltd acquired a new position in shares of GameStop during the 4th quarter worth $51,000. UMB Bank n.a. increased its stake in shares of GameStop by 59.9% during the 4th quarter. UMB Bank n.a. now owns 1,820 shares of the company’s stock worth $57,000 after purchasing an additional 682 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of GameStop during the 4th quarter worth $99,000. Finally, GAMMA Investing LLC increased its stake in shares of GameStop by 65.8% during the 4th quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock worth $112,000 after purchasing an additional 1,414 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

GameStop Trading Down 0.8 %

NYSE GME opened at $23.31 on Wednesday. The company has a fifty day simple moving average of $26.27 and a 200 day simple moving average of $25.61. The company has a market cap of $10.41 billion, a P/E ratio of 129.48 and a beta of -0.29. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the 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 directly owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel William Moore sold 895 shares of the 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 sale, the insider now directly owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.