Reasons for Chris Akhavan’s Shares Sale of Glu Mobile Inc. (GLUU)’s Stock; Bank Of America Has Decreased Its First Bancorp P R (FBP) Holding

Glu Mobile Inc. (NASDAQ:GLUU) Logo

Bank Of America Corp decreased First Bancorp P R (FBP) stake by 27.83% reported in 2017Q4 SEC filing. Bank Of America Corp sold 89,353 shares as First Bancorp P R (FBP)’s stock rose 11.95%. The Bank Of America Corp holds 231,746 shares with $1.18 million value, down from 321,099 last quarter. First Bancorp P R now has $1.70B valuation. The stock increased 1.16% or $0.09 during the last trading session, reaching $7.85. About 1.90M shares traded or 16.32% up from the average. First BanCorp. (NYSE:FBP) has risen 8.46% since May 17, 2017 and is uptrending. It has underperformed by 3.09% the S&P500.

More notable recent Glu Mobile Inc. (NASDAQ:GLUU) news were published by: Seekingalpha.com which released: “Glu Mobile: Next Phase” on May 08, 2018, also Nasdaq.com with their article: “Can Glu Mobile Stock Keep Hitting New Highs?” published on May 09, 2018, Streetinsider.com published: “Glu Mobile (GLUU) PT Raised to $6.50 at Roth Capital Following Analysis” on May 16, 2018. More interesting news about Glu Mobile Inc. (NASDAQ:GLUU) were released by: Fool.com and their article: “Why Glu Mobile Inc. Stock Gained 16.2% in April” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “Glu Mobile +1.1% as bookings hit record and prompt guidance boost” with publication date: May 01, 2018.

Analysts await Glu Mobile Inc. (NASDAQ:GLUU) to report earnings on August, 7. They expect $0.01 earnings per share, up 106.67% or $0.16 from last year’s $-0.15 per share. GLUU’s profit will be $1.40M for 139.50 P/E if the $0.01 EPS becomes a reality. After $-0.04 actual earnings per share reported by Glu Mobile Inc. for the previous quarter, Wall Street now forecasts -125.00% EPS growth.

Since February 21, 2018, it had 0 buys, and 4 insider sales for $2.40 million activity. 5,100 shares valued at $28,050 were sold by Akhavan Chris on Wednesday, May 9. de Masi Niccolo also sold $647,952 worth of Glu Mobile Inc. (NASDAQ:GLUU) shares. Another trade for 7,074 shares valued at $27,553 was sold by Lee Gordon S.

The stock increased 1.09% or $0.06 during the last trading session, reaching $5.58. About 1.28M shares traded. Glu Mobile Inc. (NASDAQ:GLUU) has risen 71.82% since May 17, 2017 and is uptrending. It has outperformed by 60.27% the S&P500.

Among 11 analysts covering Glu Mobile (NASDAQ:GLUU), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Glu Mobile has $8 highest and $2.15 lowest target. $3.99’s average target is -28.49% below currents $5.58 stock price. Glu Mobile had 41 analyst reports since August 5, 2015 according to SRatingsIntel. Roth Capital maintained the stock with “Buy” rating in Tuesday, April 26 report. As per Tuesday, October 24, the company rating was maintained by Roth Capital. The stock has “Buy” rating by Cowen & Co on Wednesday, August 2. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, September 5. The firm has “Neutral” rating given on Friday, July 29 by Wedbush. The stock of Glu Mobile Inc. (NASDAQ:GLUU) has “Overweight” rating given on Wednesday, August 5 by Piper Jaffray. On Wednesday, May 4 the stock rating was downgraded by Roth Capital to “Neutral”. The company was maintained on Tuesday, July 18 by Roth Capital. The rating was initiated by Mizuho on Friday, December 23 with “Neutral”. The rating was initiated by TH Capital with “Buy” on Friday, November 13.

Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company has market cap of $779.30 million. The firm publishes titles in five genres, including fashion and celebrity, sports and action, food, home, and social networking. It currently has negative earnings. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, QuizUp, Racing Rivals, and Tap Sports Baseball.

Investors sentiment increased to 1.82 in 2017 Q4. Its up 0.46, from 1.36 in 2017Q3. It increased, as 14 investors sold Glu Mobile Inc. shares while 24 reduced holdings. 33 funds opened positions while 36 raised stakes. 51.73 million shares or 15.64% more from 44.73 million shares in 2017Q3 were reported. Proshare Advsr Lc holds 0% or 15,681 shares. Metropolitan Life New York invested 0% of its portfolio in Glu Mobile Inc. (NASDAQ:GLUU). Quantitative Inv Mngmt Lc invested in 0.01% or 140,800 shares. Marathon owns 434,550 shares. X Management Co Llc holds 0.01% in Glu Mobile Inc. (NASDAQ:GLUU) or 137,700 shares. Moreover, Wade G W And Inc has 0.01% invested in Glu Mobile Inc. (NASDAQ:GLUU) for 13,000 shares. National Bank & Trust Of Montreal Can has 90,198 shares for 0% of their portfolio. Amer Group Incorporated Inc accumulated 71,148 shares or 0% of the stock. Morgan Stanley reported 0% in Glu Mobile Inc. (NASDAQ:GLUU). Lpl Fincl Ltd invested in 14,811 shares or 0% of the stock. Wells Fargo & Com Mn has 0% invested in Glu Mobile Inc. (NASDAQ:GLUU) for 151,862 shares. State Board Of Administration Of Florida Retirement Systems stated it has 46,073 shares or 0% of all its holdings. Northern stated it has 1.13 million shares. Federated Investors Pa owns 0% invested in Glu Mobile Inc. (NASDAQ:GLUU) for 3,698 shares. The New York-based Jpmorgan Chase & has invested 0% in Glu Mobile Inc. (NASDAQ:GLUU).

Chris Akhavan, an insider, who is the present Chief Revenue Officer of Glu Mobile Inc sold precisely 64,900 shares of the firm valued by the market at around $357,761 US Dollars based on a market price of 5.5 US Dollars for share. It seems he is very active lately as in the last 30 days, he silently unloaded additional 344,245 shares of the company, worth $1,729,083 USD. And, It’s sure Chris’s trade isn’t going to stay disregarded as he presently is owning 102,814 shares – ( 0.07% of Glu Mobile Inc’s Market Cap ).

Investors sentiment decreased to 0.99 in Q4 2017. Its down 1.50, from 2.49 in 2017Q3. It fall, as 32 investors sold FBP shares while 51 reduced holdings. 28 funds opened positions while 54 raised stakes. 191.75 million shares or 0.33% more from 191.13 million shares in 2017Q3 were reported. Deutsche Bankshares Ag holds 0% or 497,802 shares in its portfolio. Blackrock has invested 0.01% in First BanCorp. (NYSE:FBP). Prudential has 0.01% invested in First BanCorp. (NYSE:FBP). Indexiq Advisors Ltd Liability holds 249,321 shares or 0.05% of its portfolio. Metropolitan Life Ins Co owns 0% invested in First BanCorp. (NYSE:FBP) for 54,174 shares. Hsbc Hldg Plc has invested 0% in First BanCorp. (NYSE:FBP). Panagora Asset holds 0.01% or 266,014 shares. Jacobs Asset Management Lc reported 1.18% stake. 9.33 million were reported by Oaktree Capital Limited Partnership. First Advsr Ltd Partnership holds 0% or 356,802 shares. Bridgeway Cap Mgmt has 0.08% invested in First BanCorp. (NYSE:FBP) for 1.39 million shares. Piedmont Invest Advsr Ltd Limited Liability Company holds 0% or 37,772 shares. Hotchkis & Wiley Cap Mngmt Llc reported 0.12% in First BanCorp. (NYSE:FBP). Pub Sector Pension Inv Board has 116,297 shares for 0% of their portfolio. Rhumbline Advisers accumulated 412,671 shares.

Bank Of America Corp increased Fortive Corp stake by 2.68M shares to 2.86M valued at $206.75 million in 2017Q4. It also upped Select Sector Spdr Tr (Put) (XLE) stake by 2.22 million shares and now owns 9.97 million shares. Select Sector Spdr Tr (XLF) was raised too.

Another recent and important First BanCorp. (NYSE:FBP) news was published by Seekingalpha.com which published an article titled: “First BanCorp 2018 Q1 – Results – Earnings Call Slides” on April 27, 2018.

Among 7 analysts covering First Bancorp (NYSE:FBP), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. First Bancorp had 14 analyst reports since July 27, 2015 according to SRatingsIntel. Citigroup initiated First BanCorp. (NYSE:FBP) rating on Wednesday, February 8. Citigroup has “Neutral” rating and $7 target. The stock has “Neutral” rating by Merion Capital on Monday, April 30. Citigroup maintained it with “Buy” rating and $9 target in Monday, April 30 report. Bank of America maintained it with “Neutral” rating and $6 target in Wednesday, November 8 report. Citigroup maintained it with “Neutral” rating and $6 target in Monday, November 20 report. As per Friday, April 8, the company rating was initiated by Piper Jaffray. The company was maintained on Wednesday, October 14 by Keefe Bruyette & Woods. Piper Jaffray maintained First BanCorp. (NYSE:FBP) rating on Friday, October 6. Piper Jaffray has “Buy” rating and $9.0 target. The firm has “Buy” rating given on Wednesday, October 4 by Keefe Bruyette & Woods. As per Monday, January 29, the company rating was maintained by Piper Jaffray.

Glu Mobile Inc. (NASDAQ:GLUU) Institutional Positions Chart