Wells Fargo & Company MN grew its holdings in shares of GameStop Corp. (NYSE:GME) by 70.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 881,129 shares of the company’s stock after purchasing an additional 363,407 shares during the period. Wells Fargo & Company MN’s holdings in GameStop were worth $15,816,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Trust Advisors LP grew its stake in GameStop by 16.9% during the fourth quarter. First Trust Advisors LP now owns 637,185 shares of the company’s stock worth $11,437,000 after buying an additional 92,043 shares during the period. New Mexico Educational Retirement Board purchased a new stake in GameStop during the fourth quarter worth approximately $451,000. Old Mutual Global Investors UK Ltd. grew its stake in GameStop by 42.5% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 59,393 shares of the company’s stock worth $1,066,000 after buying an additional 17,710 shares during the period. Trilogy Capital Inc. purchased a new stake in GameStop during the fourth quarter worth approximately $211,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in GameStop during the fourth quarter worth approximately $264,000.
GameStop Corp. (GME) opened at $15.61 on Wednesday. GameStop Corp. has a 12-month low of $15.10 and a 12-month high of $25.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. The company has a market cap of $1,575.28, a price-to-earnings ratio of 4.20, a PEG ratio of 0.31 and a beta of 1.26.
GME has been the subject of several research reports. Wedbush set a $25.00 price objective on shares of GameStop and gave the stock a “buy” rating in a research note on Thursday, November 16th. Vetr downgraded shares of GameStop from a “strong-buy” rating to a “hold” rating and set a $16.58 price objective for the company. in a research note on Friday, November 17th. Benchmark reiterated a “sell” rating and set a $15.00 price objective (down from $18.00) on shares of GameStop in a research note on Wednesday, November 22nd. Loop Capital reiterated a “buy” rating and set a $28.00 price objective on shares of GameStop in a research note on Wednesday, November 22nd. Finally, Oppenheimer reiterated a “hold” rating on shares of GameStop in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $22.23.
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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