First Trust Direct Indexing L.P. cut its holdings in Gravity Co., Ltd. (NASDAQ:GRVY – Free Report) by 20.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,891 shares of the technology company’s stock after selling 973 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Gravity were worth $271,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of GRVY. New York State Common Retirement Fund grew its stake in shares of Gravity by 20.7% in the 4th quarter. New York State Common Retirement Fund now owns 2,637 shares of the technology company’s stock valued at $183,000 after buying an additional 453 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Gravity by 6.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 23,809 shares of the technology company’s stock valued at $1,643,000 after acquiring an additional 1,501 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Gravity during the third quarter worth approximately $228,000. DGS Capital Management LLC acquired a new stake in Gravity in the 4th quarter valued at $273,000. Finally, Quadrature Capital Ltd bought a new stake in Gravity during the 3rd quarter valued at $900,000. Institutional investors and hedge funds own 9.92% of the company’s stock.
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Gravity Stock Down 0.6 %
Shares of Gravity stock opened at $67.76 on Wednesday. The business has a 50 day moving average price of $71.17 and a 200-day moving average price of $69.39. Gravity Co., Ltd. has a 52 week low of $53.51 and a 52 week high of $82.48. The company has a market cap of $470.93 million, a PE ratio of 4.71 and a beta of 0.92.
Gravity (NASDAQ:GRVY – Get Free Report) last posted its earnings results on Friday, April 12th. The technology company reported $2.35 earnings per share (EPS) for the quarter. Gravity had a net margin of 18.22% and a return on equity of 30.81%. The firm had revenue of $110.31 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Gravity from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th.
Read Our Latest Report on GRVY
Gravity Company Profile
(Free Report)
Gravity Co, Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and the United States. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; and Paladog Tactics.
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