MARSHALL WACE ASIA Ltd raised its position in Glu Mobile Inc. (NASDAQ:GLUU) by 34.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,555,849 shares of the company’s stock after purchasing an additional 1,176,427 shares during the quarter. MARSHALL WACE ASIA Ltd owned 3.18% of Glu Mobile worth $33,941,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised 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 worth $23,774,000 after acquiring an additional 3,168,975 shares during the last quarter. Emerald Advisers Inc. PA raised its position in shares of Glu Mobile by 5,940.3% during the third quarter. Emerald Advisers Inc. PA now owns 1,229,200 shares of the company’s stock worth $9,158,000 after acquiring an additional 1,208,850 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of Glu Mobile during the third quarter worth about $8,470,000. Vanguard Group Inc. raised its position in shares of Glu Mobile by 9.9% during 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. Finally, EAM Investors LLC bought a new position in shares of Glu Mobile during the second quarter worth about $4,262,000. Hedge funds and other institutional investors own 56.31% of the company’s stock.

In related news, CRO Chris Akhavan sold 39,903 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $8.09, for a total transaction of $322,815.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 8th. The stock was sold at an average price of $6.31, for a total value of $631,000.00. Following the sale, the director now directly owns 103,666 shares of the company’s stock, valued at approximately $654,132.46. The disclosure for this sale can be found here. Insiders have sold 371,713 shares of company stock valued at $2,622,978 in the last ninety days. 5.80% of the stock is currently owned by insiders.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Glu Mobile from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. BidaskClub upgraded Glu Mobile from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 14th. Roth Capital downgraded Glu Mobile from a “buy” rating to a “neutral” rating in a research report on Monday, October 8th. Finally, Wedbush restated a “hold” rating and set a $7.00 price objective on shares of Glu Mobile in a research report on Wednesday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Glu Mobile has a consensus rating of “Buy” and a consensus price target of $7.50.

Shares of GLUU traded up $0.19 during mid-day trading on Thursday, reaching $7.40. 2,702,805 shares of the company were exchanged, compared to its average volume of 2,310,836. Glu Mobile Inc. has a 52 week low of $3.02 and a 52 week high of $8.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -14.51, a price-to-earnings-growth ratio of 4.69 and a beta of 1.02.

Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Glu Mobile had a negative return on equity of 19.28% and a negative net margin of 14.65%. The company had revenue of $99.30 million during the quarter, compared to the consensus estimate of $96.14 million. During the same period last year, the company earned ($0.09) earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Glu Mobile Inc. will post 0.1 EPS for the current year.

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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 in four genres, including home d├ęcor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.

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Institutional Ownership by Quarter for Glu Mobile (NASDAQ:GLUU)

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