Creative Planning Raises Position in Gravity Co., Ltd. (NASDAQ:GRVY)

Creative Planning increased its holdings in Gravity Co., Ltd. (NASDAQ:GRVY) by 7.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,801 shares of the technology company’s stock after buying an additional 260 shares during the period. Creative Planning owned 0.05% of Gravity worth $307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in shares of Gravity by 29.5% in the first quarter. Acadian Asset Management LLC now owns 233,515 shares of the technology company’s stock worth $17,689,000 after buying an additional 53,195 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Gravity by 41.1% in the first quarter. BNP Paribas Financial Markets now owns 15,802 shares of the technology company’s stock worth $1,199,000 after buying an additional 4,600 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Gravity in the second quarter worth $209,000. Caprock Group LLC purchased a new stake in shares of Gravity in the second quarter worth $394,000. Finally, DGS Capital Management LLC raised its position in shares of Gravity by 175.5% in the first quarter. DGS Capital Management LLC now owns 10,803 shares of the technology company’s stock worth $820,000 after buying an additional 6,882 shares in the last quarter. Hedge funds and other institutional investors own 9.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Gravity from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Gravity Stock Up 12.3 %

NASDAQ GRVY opened at $67.33 on Friday. The stock’s 50-day simple moving average is $61.52 and its two-hundred day simple moving average is $70.58. Gravity Co., Ltd. has a twelve month low of $57.37 and a twelve month high of $88.85. The company has a market capitalization of $467.88 million, a price-to-earnings ratio of 5.09 and a beta of 1.35.

Gravity (NASDAQ:GRVY) last released its quarterly earnings results on Friday, August 9th. The technology company reported $1.31 earnings per share for the quarter. Gravity had a return on equity of 37.85% and a net margin of 14.87%. The business had revenue of $89.33 million for the quarter.

Gravity Company Profile

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.