JPMorgan Chase & Co. trimmed its position in shares of Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 93.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 483 shares of the technology company's stock after selling 6,496 shares during the period. JPMorgan Chase & Co.'s holdings in Gravity were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of GRVY. Pekin Hardy Strauss Inc. bought a new position in shares of Gravity in the third quarter worth $2,977,000. BNP Paribas Financial Markets boosted its holdings in shares of Gravity by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company's stock worth $1,609,000 after acquiring an additional 3,030 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Gravity in the third quarter worth $117,000. Finally, Creative Planning boosted its holdings in shares of Gravity by 7.3% in the second quarter. Creative Planning now owns 3,801 shares of the technology company's stock worth $307,000 after acquiring an additional 260 shares during the period. 9.92% of the stock is owned by institutional investors.
Gravity Stock Up 0.5 %
Shares of GRVY stock traded up $0.29 on Friday, reaching $63.28. The company's stock had a trading volume of 18,718 shares, compared to its average volume of 17,239. Gravity Co., Ltd. has a 12-month low of $57.37 and a 12-month high of $88.85. The company has a market capitalization of $439.80 million, a P/E ratio of 7.05 and a beta of 1.32. The stock's 50 day simple moving average is $62.91 and its 200-day simple moving average is $64.14.
Gravity (NASDAQ:GRVY - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The technology company reported $2.45 earnings per share (EPS) for the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%. The company had revenue of $97.63 million for the quarter.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Gravity from a "hold" rating to a "buy" rating in a report on Thursday, November 14th.
View Our Latest Report on GRVY
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.
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