Miracle Mile Advisors LLC Grows Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Miracle Mile Advisors LLC boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 71.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,505 shares of the company’s stock after buying an additional 3,545 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Take-Two Interactive Software were worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Friedenthal Financial purchased a new stake in Take-Two Interactive Software in the fourth quarter worth $50,000. Wedmont Private Capital increased its position in Take-Two Interactive Software by 11.9% in the fourth quarter. Wedmont Private Capital now owns 2,053 shares of the company’s stock worth $367,000 after buying an additional 218 shares during the last quarter. Asset Allocation & Management Company LLC purchased a new stake in Take-Two Interactive Software in the fourth quarter worth $253,000. Parkside Advisors LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $206,000. Finally, Fiduciary Alliance LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $734,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price target on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. UBS Group lifted their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Roth Mkm lifted their price target on Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.58.

Take-Two Interactive Software Trading Up 0.7 %

Shares of TTWO stock opened at $180.03 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $184.03 and a two-hundred day moving average price of $164.10. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $192.14. The firm has a market cap of $31.62 billion, a P/E ratio of -8.51, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89.

Insider Transactions at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.