Tibra Equities Europe Ltd bought a new position in Glu Mobile Inc. (NASDAQ:GLUU) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,300 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc grew 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 worth $80,407,000 after acquiring an additional 975,586 shares during the last quarter. Vanguard Group Inc. grew 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 worth $80,407,000 after acquiring an additional 975,586 shares during the last quarter. BlackRock Inc. grew 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 worth $62,097,000 after acquiring an additional 92,914 shares during the last quarter. MARSHALL WACE ASIA Ltd boosted its position in shares of Glu Mobile by 34.8% during the third quarter. MARSHALL WACE ASIA Ltd now owns 4,555,849 shares of the company’s stock valued at $33,941,000 after buying an additional 1,176,427 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Glu Mobile by 14,199.2% during the third quarter. JPMorgan Chase & Co. now owns 3,191,293 shares of the company’s stock valued at $23,774,000 after buying an additional 3,168,975 shares during the last quarter. 56.56% of the stock is currently owned by hedge funds and other institutional investors.

GLUU has been the topic of several recent analyst reports. Wedbush reaffirmed a “hold” rating and set a $9.00 price objective on shares of Glu Mobile in a research report on Wednesday, January 30th. Stephens initiated coverage on Glu Mobile in a research report on Thursday, January 10th. They set an “overweight” rating and a $10.50 price objective on the stock. BidaskClub cut Glu Mobile from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 25th. Zacks Investment Research raised Glu Mobile from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Wednesday, February 6th. Finally, Piper Jaffray Companies increased their price objective on Glu Mobile to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Glu Mobile currently has an average rating of “Buy” and an average target price of $9.31.

Shares of NASDAQ:GLUU opened at $11.41 on Wednesday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -142.63, a PEG ratio of 4.21 and a beta of 0.76. Glu Mobile Inc. has a 52-week low of $3.71 and a 52-week high of $11.75.

In other Glu Mobile news, Director Hany Nada sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was 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 of the company’s stock, valued at $2,205,036. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.80% of the company’s stock.

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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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