GameStop Corp. (NYSE:GME) Shares Bought by Securian Asset Management Inc.

Securian Asset Management Inc. increased its position in GameStop Corp. (NYSE:GME) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,717 shares of the company’s stock after acquiring an additional 557 shares during the period. Securian Asset Management Inc.’s holdings in GameStop were worth $963,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of GameStop by 22.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock worth $80,322,000 after acquiring an additional 646,488 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of GameStop in the 4th quarter worth about $878,000. Swiss National Bank increased its holdings in shares of GameStop by 46.0% in the 3rd quarter. Swiss National Bank now owns 790,528 shares of the company’s stock worth $18,127,000 after acquiring an additional 249,100 shares during the period. Algert Global LLC increased its holdings in shares of GameStop by 270.5% in the 3rd quarter. Algert Global LLC now owns 150,526 shares of the company’s stock worth $3,452,000 after acquiring an additional 109,900 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in shares of GameStop by 41.7% in the 3rd quarter. Retirement Systems of Alabama now owns 471,156 shares of the company’s stock worth $10,804,000 after acquiring an additional 138,597 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

GameStop Stock Up 5.1 %

Shares of GME opened at $23.08 on Friday. GameStop Corp. has a 52-week low of $9.95 and a 52-week high of $64.83. The firm has a 50-day moving average price of $26.65 and a 200 day moving average price of $25.56. The firm has a market capitalization of $10.31 billion, a PE ratio of 128.20 and a beta of -0.29.

Insider Activity

In other news, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 31,385 shares in the company, valued at approximately $975,131.95. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reiterated an “underperform” rating and issued a $10.00 target price on shares of GameStop in a research report 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.