Envestnet Asset Management Inc. bought a new position in shares of Gravity (NASDAQ:GRVY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,868 shares of the technology company’s stock, valued at approximately $177,000. Envestnet Asset Management Inc. owned approximately 0.05% of Gravity at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Millennium Management LLC purchased a new stake in shares of Gravity during the fourth quarter valued at about $319,000. Dorsey Wright & Associates purchased a new stake in shares of Gravity during the fourth quarter valued at about $8,679,000. Finally, Advisor Group Inc. purchased a new stake in shares of Gravity during the fourth quarter valued at about $208,000. Institutional investors own 14.04% of the company’s stock.
Separately, BidaskClub lowered shares of Gravity from a “hold” rating to a “sell” rating in a research report on Tuesday, April 10th.
Gravity Company Profile
Gravity Co, Ltd. develops and publishes online games in South Korea, Japan, the United States, Canada, Taiwan, Hong Kong, Macau, China, and internationally. It offers online games; mobile games and applications; and other games and game-related products and services, including character-based merchandise and animation.
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