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.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday. Wedbush set a $10.20 target price on shares of Glu Mobile and gave the company a “neutral” rating in a research note on Tuesday, February 5th. BidaskClub raised shares of Glu Mobile from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Stephens assumed coverage on shares of Glu Mobile in a research note on Thursday, January 10th. They issued an “overweight” rating and a $10.50 target price on the stock. Finally, Piper Jaffray Companies increased their target price on shares of Glu Mobile to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $9.31.

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 d├ęcor, 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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Institutional Ownership by Quarter for Glu Mobile (NASDAQ:GLUU)

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