ING Groep NV Takes Position in Gamestop Corporation (GME)

ING Groep NV purchased a new stake in Gamestop Corporation (NYSE:GME) during the second quarter, Holdings Channel reports. The firm purchased 12,321 shares of the company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in Gamestop Corporation by 5,412.5% in the second quarter. Acadian Asset Management LLC now owns 14,994 shares of the company’s stock valued at $324,000 after buying an additional 14,722 shares in the last quarter. Russell Investments Group Ltd. raised its position in Gamestop Corporation by 95.1% in the second quarter. Russell Investments Group Ltd. now owns 65,109 shares of the company’s stock valued at $1,410,000 after buying an additional 31,734 shares in the last quarter. Greenleaf Trust bought a new position in Gamestop Corporation during the second quarter valued at approximately $277,000. Quantitative Systematic Strategies LLC raised its position in Gamestop Corporation by 259.5% in the second quarter. Quantitative Systematic Strategies LLC now owns 94,232 shares of the company’s stock valued at $2,036,000 after buying an additional 68,018 shares in the last quarter. Finally, State Treasurer State of Michigan raised its position in Gamestop Corporation by 0.7% in the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock valued at $901,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

Shares of Gamestop Corporation (GME) traded up 0.56% during mid-day trading on Friday, reaching $21.59. 747,334 shares of the company’s stock were exchanged. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 6.43 and a beta of 1.20. The stock has a 50 day moving average price of $21.32 and a 200 day moving average price of $22.99. Gamestop Corporation has a 52 week low of $20.10 and a 52 week high of $32.67.

Gamestop Corporation (NYSE:GME) last announced its earnings results on Thursday, May 25th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. Gamestop Corporation had a return on equity of 17.55% and a net margin of 3.99%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. Equities research analysts predict that Gamestop Corporation will post $3.32 EPS for the current year.

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Several research firms have recently commented on GME. Zacks Investment Research upgraded Gamestop Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded Gamestop Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a report on Tuesday, June 20th. Vetr lowered Gamestop Corporation from a “strong-buy” rating to a “strong sell” rating and set a $16.96 price target on the stock. in a report on Monday, June 5th. Finally, ValuEngine lowered Gamestop Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.84.

Gamestop Corporation Company 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.

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

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