NetQin Mobile Inc fka NQ

[BottomBounce]

$NQ NQ Mobile (NQ) Given a $13.00 Price Target at Rosenblatt Securities NQ Mobile announced that its Board of Directors has authorized a stock buyback plan on Monday, November 13th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of NQ Mobile by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 885,336 shares of the software maker’s stock valued at $3,098,000 after purchasing an additional 32,939 shares during the last quarter. Morgan Stanley lifted its position in shares of NQ Mobile by 13.2% during the 1st quarter. Morgan Stanley now owns 413,582 shares of the software maker’s stock valued at $1,725,000 after acquiring an additional 48,116 shares during the last quarter. State Street Corp lifted its position in shares of NQ Mobile by 2.9% during the 2nd quarter. State Street Corp now owns 241,574 shares of the software maker’s stock valued at $822,000 after acquiring an additional 6,890 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of NQ Mobile by 74.9% during the 3rd quarter. Penserra Capital Management LLC now owns 160,864 shares of the software maker’s stock valued at $563,000 after acquiring an additional 68,904 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in NQ Mobile by 343.8% during the 2nd quarter. Bank of Montreal Can now owns 100,988 shares of the software maker’s stock valued at $343,000 after purchasing an additional 78,231 shares during the period. 8.32% of the stock is owned by institutional investors.

About NQ Mobile

NQ Mobile Inc is a global provider of mobile Internet services. The Company provides a portfolio of offerings, including mobile game publishing platforms, mobile advertising platforms, mobile entertainment applications and platforms, mobile security and productivity applications, as well as other mobile applications.

https://ledgergazette.com/2018/01/11/nq-mobile-nq-given-a-13-00-price-target-at-rosenblatt-securities-3.html