Flow Traders U.S. LLC Buys 82,772 Shares of GameStop Corp. $GME

Flow Traders U.S. LLC raised its position in shares of GameStop Corp. (NYSE:GME) by 189.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 126,543 shares of the company’s stock after purchasing an additional 82,772 shares during the quarter. Flow Traders U.S. LLC’s holdings in GameStop were worth $3,452,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GME. Bessemer Group Inc. boosted its stake in shares of GameStop by 39.2% in the 3rd quarter. Bessemer Group Inc. now owns 1,674 shares of the company’s stock valued at $46,000 after purchasing an additional 471 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in GameStop by 0.5% during the second quarter. Thrivent Financial for Lutherans now owns 96,623 shares of the company’s stock worth $2,357,000 after buying an additional 511 shares during the last quarter. Profund Advisors LLC lifted its holdings in GameStop by 7.2% in the third quarter. Profund Advisors LLC now owns 9,371 shares of the company’s stock valued at $256,000 after buying an additional 632 shares during the period. Rakuten Securities Inc. boosted its position in GameStop by 9.4% during the second quarter. Rakuten Securities Inc. now owns 7,572 shares of the company’s stock valued at $185,000 after acquiring an additional 650 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in GameStop by 3.2% during the third quarter. Crossmark Global Holdings Inc. now owns 21,839 shares of the company’s stock valued at $596,000 after acquiring an additional 682 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $13.50.

GameStop Stock Performance

Shares of GME stock opened at $23.27 on Tuesday. The firm has a 50 day moving average of $23.34 and a 200-day moving average of $23.11. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 28.38 and a beta of 2.12. The company has a quick ratio of 9.77, a current ratio of 10.39 and a debt-to-equity ratio of 0.78. GameStop Corp. has a 52 week low of $19.93 and a 52 week high of $35.81.

Insider Buying and Selling at GameStop

In related news, CEO Ryan Cohen purchased 500,000 shares of GameStop stock in a transaction on Tuesday, January 20th. The stock was acquired at an average cost of $21.12 per share, for a total transaction of $10,560,000.00. Following the completion of the acquisition, the chief executive officer owned 37,847,842 shares of the company’s stock, valued at $799,346,423.04. This trade represents a 1.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alain Attal purchased 12,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was bought at an average cost of $20.90 per share, with a total value of $250,800.00. Following the completion of the purchase, the director owned 596,464 shares of the company’s stock, valued at approximately $12,466,097.60. This represents a 2.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 517,000 shares of company stock valued at $10,925,150 and sold 23,152 shares valued at $480,059. Insiders own 8.58% of the company’s stock.

GameStop Profile

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.