Lawrence Cheng Purchases 5,000 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) Director Lawrence Cheng bought 5,000 shares of GameStop stock in a transaction on Friday, January 23rd. The stock was acquired at an average price of $22.87 per share, for a total transaction of $114,350.00. Following the purchase, the director owned 88,000 shares of the company’s stock, valued at approximately $2,012,560. This trade represents a 6.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

GameStop Stock Up 0.9%

Shares of NYSE:GME opened at $24.22 on Wednesday. The business’s 50 day moving average is $21.70 and its 200 day moving average is $22.84. The stock has a market cap of $10.85 billion, a P/E ratio of 29.53 and a beta of -1.23. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $35.81. The company has a quick ratio of 9.77, a current ratio of 10.39 and a debt-to-equity ratio of 0.78.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $987.29 million. During the same period last year, the company posted $0.06 earnings per share. GameStop’s revenue was down 4.6% compared to the same quarter last year. Sell-side analysts predict that GameStop Corp. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of GameStop from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 16th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, GameStop has a consensus rating of “Sell” and a consensus target price of $13.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP raised its stake in GameStop by 347.7% in the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company’s stock valued at $162,381,000 after purchasing an additional 5,170,741 shares during the last quarter. Invesco Ltd. lifted its stake in shares of GameStop by 486.6% in the second quarter. Invesco Ltd. now owns 3,858,024 shares of the company’s stock worth $94,097,000 after buying an additional 3,200,321 shares in the last quarter. Norges Bank acquired a new position in GameStop during the second quarter worth about $76,701,000. Clear Street LLC purchased a new stake in GameStop during the 2nd quarter valued at about $57,433,000. Finally, Van ECK Associates Corp raised its holdings in GameStop by 58.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,098,538 shares of the company’s stock valued at $84,528,000 after acquiring an additional 1,141,215 shares during the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop News Summary

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Michael Burry disclosed a new position and described his investment as a long-term value bet — a vote of confidence from a well-known value investor that triggered buying interest. GameStop shares move higher after Michael Burry says he’s been buying the stock
• Positive Sentiment: Company insiders have been buying: reports show CEO purchases (large block buys) and director Lawrence Cheng bought 5,000 shares — insider accumulation often supports bullish investor sentiment. GameStop CEO Picks Up 1M Shares
• Positive Sentiment: Additional director-level buying (Lawrence Cheng’s SEC-filed purchase) provides a verifiable, incremental buy signal for investors focused on insider activity. SEC filing for Lawrence Cheng purchase
• Positive Sentiment: Profile pieces framing CEO Ryan Cohen’s strategy as a longer-term, Buffett-like transformation are reinforcing a narrative of strategic execution rather than pure meme trading. Barron’s profile on Cohen and Burry
• Neutral Sentiment: Intraday volume is materially higher than average, which amplifies moves and increases short-term volatility — meaningful for traders but less decisive for long-term valuation. MSN coverage of volume and price action
• Neutral Sentiment: Analyst and media reviews revisiting GameStop’s latest quarter put it in the specialty retail context — useful for longer-term investors but offering mixed short-term signals. Q3 earnings context
• Negative Sentiment: Fundamentals remain mixed: Q3 showed an EPS beat but revenue missed and was down year‑over‑year, a reminder that top-line recovery is still uncertain and could cap upside. MarketBeat performance and earnings summary
• Negative Sentiment: Some analysts remain bearish — e.g., Weiss Ratings recently downgraded GME — and consensus price targets are well below current levels, which could limit sustained gains if growth disappoints. Weiss downgrade and analyst consensus

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.