Gamestop Corporation (GME) Holdings Cut by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in Gamestop Corporation (NYSE:GME) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,417,472 shares of the company’s stock after selling 152,950 shares during the period. Prudential Financial Inc. owned about 1.40% of Gamestop Corporation worth $29,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GME. BlackRock Inc. increased its holdings in shares of Gamestop Corporation by 11,239.8% in the 1st quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock valued at $186,314,000 after purchasing an additional 8,189,420 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Gamestop Corporation by 38.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock valued at $183,720,000 after purchasing an additional 2,353,774 shares during the period. Numeric Investors LLC acquired a new position in shares of Gamestop Corporation in the 2nd quarter valued at about $34,679,000. Balyasny Asset Management LLC increased its holdings in shares of Gamestop Corporation by 1,459.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock valued at $15,663,000 after purchasing an additional 678,335 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Gamestop Corporation by 42.9% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the company’s stock valued at $21,610,000 after purchasing an additional 300,000 shares during the period.

Gamestop Corporation (GME) opened at $16.19 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.49. The company has a market capitalization of $1,641.18, a price-to-earnings ratio of 4.44, a P/E/G ratio of 0.33 and a beta of 1.24. Gamestop Corporation has a 12 month low of $15.85 and a 12 month high of $26.84.

Gamestop Corporation (NYSE:GME) last issued its earnings results on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.64 billion. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. research analysts predict that Gamestop Corporation will post 3.3 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. reissued a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a research note on Wednesday, August 23rd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $25.00 price target on shares of Gamestop Corporation in a research note on Tuesday, October 17th. raised Gamestop Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. reissued a “buy” rating and issued a $24.00 price target on shares of Gamestop Corporation in a research note on Tuesday, September 26th. Finally, raised Gamestop Corporation from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Gamestop Corporation presently has an average rating of “Hold” and an average target price of $25.24.

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Gamestop Corporation Profile

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

Institutional Ownership by Quarter for Gamestop Corporation (NYSE:GME)

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