GameStop Corp. (GME) Shares Sold by TIAA CREF Investment Management LLC

Lloyd Doyle
April 19, 2018

They now have $14.00 price objective on the stock, down from their previous price objective of $25.31.

A number of other research analysts also recently issued reports on GME. The hedge fund held 700,000 shares of the electronics distribution company at the end of 2017Q4, valued at $12.57M, up from 578,000 at the end of the previous reported quarter. Bank of America cut shares of GameStop from a "neutral" rating to an "underperform" rating and set a $11.00 target price for the a research note on Thursday, March 29th. Benchmark Co. restated a "sell" rating and set a $20.11 target price (down from $20.67) on shares of GameStop a research report on Tuesday, November 29th. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, April 3 report.

Wedbush set a $19.00 price target on GameStop (NYSE:GME) in a research report report published on Sunday, April 1st.

GameStop the world's largest video game and entertainment software retailer. Since analyst price targets calculations are subjective, there often can be wide range of targets from various analysts.

2/2/2018 - GameStop was downgraded by analysts at ValuEngine from a "buy" rating to a "hold" rating. The stock now has an average rating of "Hold" and an average target price of $18.33. The stock has a 52 week low of $12.20 while its 52 weeks high is $25.31. (NYSE:GME). Td Asset Mngmt holds 0% or 23,810 shares.

Meanwhile, the company has average true range (ATR) of up to 0.51, which is a high-low trend in the stock market. The stock has a market capitalization of $1,278.46, a price-to-earnings ratio of 3.84, a price-to-earnings-growth ratio of 0.26 and a beta of 1.30.

Permit Capital Llc increased its stake in Gamestop Corp New (GME) by 21.11% based on its latest 2017Q4 regulatory filing with the SEC.

GameStop Corp. (NYSE:GME) reported its EPS in the last quarter as $2.02/Share beating the analyst estimate of $1.97/Share by a difference of $0.05.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. During the same period in the prior year, the company posted $2.40 EPS.

Analysts believe that the company has the potential to earn average revenue of $1.95 Billion for the current quarter. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.96 by $0.06.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th.

Since February 5, 2018, it had 0 insider buys, and 3 selling transactions for $1.85 million activity. It is important to understand that about changes in the level of volume it is referring to volume changes relative to the recent past.

GameStop Corp. (GME) has an annual dividend of $1.52, while its annual dividend yield is 11.01%. The ex-dividend date of this dividend was Friday, March 2nd. The firm has current ratio of 1.30 that indicates firm has capacity of total assets to cover its short-term and long term obligations. Kovack Advisors Inc. bought a new position in shares of GameStop during the fourth quarter valued at $181,000. The stock grabbed 71 new institutional investments totaling 3,527,728 shares while 41 institutional investors sold out their entire positions totaling 3,479,392 shares. The company's shares were given away at $22.58 per share worth to an income of some $90,320 on account of Shern Stephanie M. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of GameStop 151.5% in the fourth quarter. During previous trade 3.63 Million shares of Zynga Inc Cl A Cmn (NASDAQ:ZNGA) exchanged hands whereas on average nearly 13.08 Million shares has been traded. Management pointed that sturdy holiday performance was driven by rise in sales of Nintendo Switch and Xbox One X. Moreover, collectibles business was also strong during the period.

Tillar-Wenstrup Advisors Llc, which manages about $178.25M and $128.33 million US Long portfolio, upped its stake in Vanguard Energy (VDE) by 9,297 shares to 65,198 shares, valued at $6.45M in 2017Q4, according to the filing. Eqis Capital Management Inc. now owns 30,496 shares of the company's stock worth $547,000 after acquiring an additional 4,945 shares during the period. State of Alaska Department of Revenue acquired a new stake in GameStop in the fourth quarter valued at approximately $104,000. SeaCrest Wealth Management LLC bought a new position in shares of GameStop during the fourth quarter valued at $140,000.

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