Envestnet Asset Management Inc. Invests $177,000 in Gravity (GRVY) Stock

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.



GRVY stock opened at $78.75 on Friday. The stock has a market cap of $276.08, a price-to-earnings ratio of 35.16 and a beta of 0.05. Gravity has a one year low of $13.18 and a one year high of $108.97.

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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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Institutional Ownership by Quarter for Gravity (NASDAQ:GRVY)

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