Ariel Investments LLC grew its holdings in Glu Mobile Inc. (NASDAQ:GLUU) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,793,088 shares of the company’s stock after purchasing an additional 13,300 shares during the period. Ariel Investments LLC’s holdings in Glu Mobile were worth $6,527,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in shares of Glu Mobile in the 4th quarter worth $139,000. Goldman Sachs Group Inc. increased its holdings in shares of Glu Mobile by 15.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 54,822 shares of the company’s stock worth $137,000 after purchasing an additional 7,131 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Glu Mobile by 19.2% in the 2nd quarter. Voya Investment Management LLC now owns 56,969 shares of the company’s stock worth $142,000 after purchasing an additional 9,186 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Glu Mobile in the 4th quarter worth $363,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Glu Mobile by 66.3% in the 3rd quarter. Wells Fargo & Company MN now owns 109,665 shares of the company’s stock worth $412,000 after purchasing an additional 43,735 shares in the last quarter. 41.33% of the stock is owned by institutional investors and hedge funds.
Shares of Glu Mobile Inc. (NASDAQ GLUU) opened at $4.02 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Glu Mobile Inc. has a fifty-two week low of $1.90 and a fifty-two week high of $4.95. The company has a market capitalization of $550.88, a price-to-earnings ratio of -5.58, a P/E/G ratio of 78.60 and a beta of 1.56.
A number of analysts have commented on GLUU shares. BidaskClub raised Glu Mobile from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Stifel Nicolaus reissued a “buy” rating and issued a $4.75 target price on shares of Glu Mobile in a report on Friday, February 9th. ValuEngine raised Glu Mobile from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Zacks Investment Research raised Glu Mobile from a “strong sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Wedbush set a $5.00 target price on Glu Mobile and gave the stock a “hold” rating in a report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Glu Mobile presently has a consensus rating of “Hold” and an average target price of $4.01.
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Glu Mobile Company Profile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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