Northern Trust Corp reduced its position in shares of Glu Mobile Inc. (NASDAQ:GLUU) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,379,813 shares of the company’s stock after selling 31,058 shares during the period. Northern Trust Corp owned about 0.96% of Glu Mobile worth $11,135,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GLUU. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Glu Mobile by 79.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,752 shares of the company’s stock worth $71,000 after purchasing an additional 3,870 shares during the last quarter. Advisor Group Inc. lifted its position in Glu Mobile by 12,412.0% in the fourth quarter. Advisor Group Inc. now owns 9,384 shares of the company’s stock valued at $75,000 after acquiring an additional 9,309 shares during the last quarter. Perritt Capital Management Inc. purchased a new stake in Glu Mobile in the fourth quarter valued at $81,000. Aft Forsyth & Company Inc. purchased a new stake in Glu Mobile in the fourth quarter valued at $85,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Glu Mobile in the fourth quarter valued at $96,000. 56.56% of the stock is owned by institutional investors and hedge funds.

In other Glu Mobile 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 sale, the director now owns 240,200 shares of the company’s stock, valued at $2,205,036. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is owned by corporate insiders.

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

Shares of NASDAQ GLUU opened at $11.48 on Thursday. Glu Mobile Inc. has a 12-month low of $3.76 and a 12-month high of $11.75. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -143.50, a price-to-earnings-growth ratio of 4.23 and a beta of 0.76.

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Glu Mobile Profile

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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