BNP Paribas Financial Markets Sells 4,135 Shares of Gravity Co., Ltd. (NASDAQ:GRVY)

BNP Paribas Financial Markets trimmed its position in Gravity Co., Ltd. (NASDAQ:GRVY) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,002 shares of the technology company’s stock after selling 4,135 shares during the quarter. BNP Paribas Financial Markets owned about 0.33% of Gravity worth $1,452,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Gravity by 111.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the technology company’s stock worth $27,000 after purchasing an additional 223 shares during the last quarter. R Squared Ltd bought a new stake in Gravity during the fourth quarter worth approximately $52,000. WealthCollab LLC boosted its position in shares of Gravity by 91.6% during the fourth quarter. WealthCollab LLC now owns 979 shares of the technology company’s stock valued at $62,000 after buying an additional 468 shares during the period. Flower City Capital purchased a new position in shares of Gravity during the fourth quarter valued at approximately $253,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Gravity during the fourth quarter valued at approximately $342,000. 9.92% of the stock is owned by institutional investors.

Gravity Stock Performance

Shares of NASDAQ GRVY opened at $64.75 on Monday. The firm has a market capitalization of $449.95 million, a price-to-earnings ratio of 7.21 and a beta of 1.32. The stock has a 50 day moving average price of $59.65 and a 200 day moving average price of $61.67. Gravity Co., Ltd. has a 52-week low of $53.12 and a 52-week high of $88.85.

Gravity (NASDAQ:GRVY) last posted its earnings results on Friday, May 9th. The technology company reported $2.15 earnings per share for the quarter. The company had revenue of $93.23 million during the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%.

About Gravity

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.