First National Corp MA ADV Purchases 15,185 Shares of GameStop Corp. (NYSE:GME)

First National Corp MA ADV grew its stake in shares of GameStop Corp. (NYSE:GME) by 96.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,863 shares of the company’s stock after acquiring an additional 15,185 shares during the quarter. First National Corp MA ADV’s holdings in GameStop were worth $689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in GameStop by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 39,144,063 shares of the company’s stock worth $1,226,775,000 after purchasing an additional 2,036,032 shares in the last quarter. Geode Capital Management LLC grew its stake in GameStop by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 6,659,234 shares of the company’s stock valued at $208,769,000 after acquiring an additional 380,554 shares during the period. Charles Schwab Investment Management Inc. grew its stake in GameStop by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company’s stock valued at $113,146,000 after acquiring an additional 107,354 shares during the period. Northern Trust Corp grew its stake in GameStop by 26.2% in the 4th quarter. Northern Trust Corp now owns 3,171,303 shares of the company’s stock valued at $99,389,000 after acquiring an additional 659,345 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in GameStop by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,565,455 shares of the company’s stock valued at $80,401,000 after acquiring an additional 60,673 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

Insider Buying and Selling at GameStop

In related news, CEO Ryan Cohen purchased 500,000 shares of GameStop stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of $21.55 per share, for a total transaction of $10,775,000.00. Following the acquisition, the chief executive officer now directly owns 37,347,842 shares in the company, valued at approximately $804,845,995.10. The trade was a 1.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel William Moore sold 1,608 shares of GameStop stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $36,228.24. Following the transaction, the insider now owns 29,777 shares in the company, valued at approximately $670,875.81. This represents a 5.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 515,000 shares of company stock worth $11,140,200. Corporate insiders own 12.28% of the company’s stock.

GameStop Stock Performance

Shares of GME stock opened at $29.61 on Friday. The stock’s fifty day moving average is $27.59 and its two-hundred day moving average is $27.43. The firm has a market capitalization of $13.24 billion, a P/E ratio of 164.50 and a beta of -0.69. GameStop Corp. has a fifty-two week low of $18.73 and a fifty-two week high of $48.00.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.48 billion. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The firm’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. On average, equities analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

GME has been the topic of a number of research analyst reports. Wall Street Zen raised shares of GameStop from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Wedbush set a $11.50 price target on shares of GameStop in a research note on Wednesday, March 26th.

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.