15,678 Shares in GameStop Corp. (NYSE:GME) Bought by First National Corp MA ADV

First National Corp MA ADV purchased a new stake in shares of GameStop Corp. (NYSE:GME) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,678 shares of the company’s stock, valued at approximately $491,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. boosted its stake in GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock valued at $26,000 after purchasing an additional 959 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of GameStop in the fourth quarter valued at approximately $37,000. R Squared Ltd bought a new position in shares of GameStop during the 4th quarter worth about $51,000. CWM LLC increased its stake in GameStop by 19.9% during the third quarter. CWM LLC now owns 3,189 shares of the company’s stock valued at $73,000 after acquiring an additional 529 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of GameStop by 65.8% in the fourth quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock valued at $112,000 after purchasing an additional 1,414 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GME has been the subject of several recent research reports. StockNews.com raised shares of GameStop to a “sell” rating in a research report on Saturday, October 19th. Wedbush reissued an “underperform” rating and set a $10.00 price objective on shares of GameStop in a report on Friday, December 6th.

GameStop Price Performance

Shares of NYSE:GME opened at $24.72 on Monday. The company has a 50 day moving average of $29.04 and a 200-day moving average of $25.07. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 137.33 and a beta of -0.11. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company had revenue of $860.30 million for the quarter, compared to analyst estimates of $887.68 million. GameStop’s revenue for the quarter was down 20.2% on a year-over-year basis. Equities research analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In other GameStop news, insider Daniel William Moore sold 895 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 31,385 shares of the company’s stock, 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 through this link. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction dated Friday, January 3rd. The shares were 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 directly owns 42,350 shares of the company’s stock, valued at approximately $1,315,814.50. This trade represents a 3.59 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is owned by company insiders.

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.