Millennium Management LLC cut its holdings in shares of Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 36.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,020 shares of the technology company's stock after selling 14,562 shares during the quarter. Millennium Management LLC owned about 0.36% of Gravity worth $1,579,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Gravity by 111.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the technology company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. WealthCollab LLC boosted its position in shares of Gravity by 91.6% during the fourth quarter. WealthCollab LLC now owns 979 shares of the technology company's stock valued at $62,000 after buying an additional 468 shares during the last quarter. Citadel Advisors LLC purchased a new position in Gravity in the fourth quarter worth $204,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Gravity in the fourth quarter valued at $342,000. Finally, Trexquant Investment LP raised its stake in shares of Gravity by 91.4% in the fourth quarter. Trexquant Investment LP now owns 13,303 shares of the technology company's stock valued at $840,000 after buying an additional 6,352 shares during the period. 9.92% of the stock is currently owned by institutional investors.
Gravity Trading Down 2.0%
Shares of GRVY traded down $1.26 during midday trading on Thursday, reaching $62.86. The stock had a trading volume of 9,108 shares, compared to its average volume of 25,169. The company has a market capitalization of $436.81 million, a price-to-earnings ratio of 7.00 and a beta of 1.32. Gravity Co., Ltd. has a 12-month low of $53.12 and a 12-month high of $88.85. The company's 50-day moving average is $61.44 and its 200 day moving average is $61.61.
Gravity (NASDAQ:GRVY - Get Free Report) last released its earnings results on Friday, May 9th. The technology company reported $2.15 EPS for the quarter. The firm had revenue of $93.23 million for the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%.
Gravity Profile
(
Free Report)
Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics.
Further Reading
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