Geode Capital Management LLC Acquires 203,624 Shares of Glu Mobile Inc. (GLUU)
Geode Capital Management LLC boosted its holdings in shares of Glu Mobile Inc. (NASDAQ:GLUU) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,683,961 shares of the company’s stock after purchasing an additional 203,624 shares during the quarter. Geode Capital Management LLC owned about 1.18% of Glu Mobile worth $13,589,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc raised its stake in Glu Mobile by 9.9% during the third quarter. Vanguard Group Inc now owns 10,792,797 shares of the company’s stock valued at $80,407,000 after purchasing an additional 975,586 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Glu Mobile by 9.9% in the third quarter. Vanguard Group Inc. now owns 10,792,797 shares of the company’s stock valued at $80,407,000 after acquiring an additional 975,586 shares during the period. BlackRock Inc. raised its stake in shares of Glu Mobile by 1.2% in the fourth quarter. BlackRock Inc. now owns 7,694,965 shares of the company’s stock valued at $62,097,000 after acquiring an additional 92,914 shares during the period. MARSHALL WACE ASIA Ltd raised its stake in shares of Glu Mobile by 34.8% in the third quarter. MARSHALL WACE ASIA Ltd now owns 4,555,849 shares of the company’s stock valued at $33,941,000 after acquiring an additional 1,176,427 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Glu Mobile by 14,199.2% in the third quarter. JPMorgan Chase & Co. now owns 3,191,293 shares of the company’s stock valued at $23,774,000 after acquiring an additional 3,168,975 shares during the period. 56.56% of the stock is currently owned by institutional investors.
Shares of GLUU opened at $11.41 on Wednesday. Glu Mobile Inc. has a twelve month low of $3.71 and a twelve month high of $11.75. The firm has a market capitalization of $1.65 billion, a PE ratio of -142.63, a PEG ratio of 4.21 and a beta of 0.76.
In other news, Director Hany Nada sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $9.18, for a total value of $459,000.00. Following the transaction, the director now directly owns 240,200 shares in the company, valued at $2,205,036. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.80% of the company’s stock.
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About Glu Mobile
Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.
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