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Woodline Partners LP Sells 29,202 Shares of Gravity Co., Ltd. (NASDAQ:GRVY)

Gravity logo with Computer and Technology background

Woodline Partners LP lowered its holdings in Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 83.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,683 shares of the technology company's stock after selling 29,202 shares during the quarter. Woodline Partners LP owned 0.08% of Gravity worth $359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Two Sigma Advisers LP bought a new stake in Gravity during the fourth quarter worth about $278,000. Two Sigma Investments LP grew its stake in Gravity by 67.8% during the fourth quarter. Two Sigma Investments LP now owns 16,716 shares of the technology company's stock worth $1,055,000 after buying an additional 6,754 shares during the last quarter. Citadel Advisors LLC bought a new stake in Gravity during the fourth quarter worth about $204,000. Apis Capital Advisors LLC grew its stake in Gravity by 7.5% during the fourth quarter. Apis Capital Advisors LLC now owns 20,000 shares of the technology company's stock worth $1,262,000 after buying an additional 1,400 shares during the last quarter. Finally, WealthCollab LLC grew its stake in Gravity by 91.6% during the fourth quarter. WealthCollab LLC now owns 979 shares of the technology company's stock worth $62,000 after buying an additional 468 shares during the last quarter. Institutional investors own 9.92% of the company's stock.

Gravity Stock Performance

Gravity stock traded down $0.84 during trading hours on Friday, hitting $64.46. 2,073 shares of the stock were exchanged, compared to its average volume of 25,619. The stock has a market capitalization of $447.93 million, a P/E ratio of 7.18 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 business's 50-day moving average is $61.24 and its two-hundred day moving average is $61.59.

Gravity (NASDAQ:GRVY - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The technology company reported $2.15 earnings per share for the quarter. Gravity had a net margin of 14.98% and a return on equity of 34.76%. The firm had revenue of $93.23 million for the quarter.

About Gravity

(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.

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Institutional Ownership by Quarter for Gravity (NASDAQ:GRVY)

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