GameStop Corp. (NYSE:GME) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in GameStop Corp. (NYSE:GME) by 68.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,145 shares of the company’s stock after purchasing an additional 4,528 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in GameStop were worth $357,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in GameStop by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 9,381 shares of the company’s stock worth $294,000 after buying an additional 502 shares in the last quarter. Christensen King & Associates Investment Services Inc. grew its stake in shares of GameStop by 1.9% in the fourth quarter. Christensen King & Associates Investment Services Inc. now owns 27,397 shares of the company’s stock worth $853,000 after purchasing an additional 518 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of GameStop by 2.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,338 shares of the company’s stock valued at $575,000 after purchasing an additional 523 shares during the period. Securian Asset Management Inc. raised its stake in shares of GameStop by 1.8% during the fourth quarter. Securian Asset Management Inc. now owns 30,717 shares of the company’s stock valued at $963,000 after purchasing an additional 557 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in GameStop by 11.1% in the fourth quarter. Fifth Third Bancorp now owns 5,648 shares of the company’s stock worth $177,000 after purchasing an additional 566 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wedbush reissued an “underperform” rating and set a $10.00 target price on shares of GameStop in a research note on Friday, December 6th.

GameStop Price Performance

GME opened at $23.51 on Tuesday. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 130.64 and a beta of -0.29. The business has a 50 day moving average price of $26.47 and a two-hundred day moving average price of $25.61.

Insider Activity

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $48,997.39. Following the transaction, the general counsel now owns 42,350 shares of the company’s stock, valued at approximately $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the sale, the insider now directly owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. This represents a 2.77 % 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.

About GameStop

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.