Deutsche Bank AG reduced its holdings in shares of Glu Mobile Inc. (NASDAQ:GLUU) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 979,537 shares of the company’s stock after selling 227,909 shares during the period. Deutsche Bank AG owned about 0.68% of Glu Mobile worth $7,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Glu Mobile by 14,199.2% in the third quarter. JPMorgan Chase & Co. now owns 3,191,293 shares of the company’s stock worth $23,774,000 after purchasing an additional 3,168,975 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Glu Mobile by 107.2% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 2,356,151 shares of the company’s stock worth $19,014,000 after purchasing an additional 1,219,274 shares during the last quarter. MARSHALL WACE ASIA Ltd grew its holdings in shares of Glu Mobile by 34.8% in the third quarter. MARSHALL WACE ASIA Ltd now owns 4,555,849 shares of the company’s stock worth $33,941,000 after purchasing an additional 1,176,427 shares during the last quarter. Emerald Advisers LLC grew its holdings in shares of Glu Mobile by 88.9% in the fourth quarter. Emerald Advisers LLC now owns 2,322,026 shares of the company’s stock worth $18,739,000 after purchasing an additional 1,092,826 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings 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 purchasing an additional 975,586 shares during the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

GLUU has been the topic of several recent analyst reports. Stephens initiated coverage on shares of Glu Mobile in a report on Thursday, January 10th. They issued an “overweight” rating and a $10.50 target price on the stock. Piper Jaffray Companies raised their target price on shares of Glu Mobile to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, February 5th. BidaskClub upgraded shares of Glu Mobile from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 1st. Wedbush restated a “hold” rating and issued a $9.00 target price on shares of Glu Mobile in a report on Wednesday, January 30th. Finally, Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $9.31.

In related news, Director Hany Nada sold 50,000 shares of Glu Mobile stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $9.18, for a total value of $459,000.00. Following the sale, the director now owns 240,200 shares in the company, valued at $2,205,036. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.80% of the company’s stock.

NASDAQ:GLUU opened at $10.63 on Friday. The firm has a market capitalization of $1.53 billion, a P/E ratio of -132.88, a P/E/G ratio of 4.10 and a beta of 0.76. Glu Mobile Inc. has a twelve month low of $4.07 and a twelve month high of $11.75.

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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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