State Street Corp boosted its stake in shares of GoPro, Inc. (NASDAQ:GPRO) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,914,069 shares of the company’s stock after buying an additional 120,250 shares during the quarter. State Street Corp owned approximately 1.41% of GoPro worth $15,563,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in GPRO. Vanguard Group Inc. lifted its holdings in GoPro by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,093,763 shares of the company’s stock worth $57,672,000 after buying an additional 444,109 shares during the period. Capital Fund Management S.A. lifted its holdings in GoPro by 338.7% during the 2nd quarter. Capital Fund Management S.A. now owns 456,870 shares of the company’s stock worth $3,714,000 after buying an additional 352,740 shares during the period. Wells Fargo & Company MN lifted its holdings in GoPro by 266.1% during the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock worth $2,376,000 after buying an additional 212,486 shares during the period. Engineers Gate Manager LP lifted its holdings in GoPro by 1,324.2% during the 2nd quarter. Engineers Gate Manager LP now owns 193,688 shares of the company’s stock worth $1,575,000 after buying an additional 180,088 shares during the period. Finally, Quantbot Technologies LP acquired a new position in GoPro during the 2nd quarter worth about $860,000. 22.04% of the stock is currently owned by hedge funds and other institutional investors.
In other GoPro news, COO Charles J. Prober sold 24,918 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $11.00, for a total transaction of $274,098.00. Following the completion of the sale, the chief operating officer now directly owns 148,493 shares of the company’s stock, valued at approximately $1,633,423. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Mcgee sold 7,541 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $8.23, for a total value of $62,062.43. Following the sale, the chief financial officer now directly owns 79,167 shares of the company’s stock, valued at $651,544.41. The disclosure for this sale can be found here. Insiders have sold a total of 738,331 shares of company stock valued at $6,876,684 over the last three months. Corporate insiders own 28.58% of the company’s stock.
Shares of GoPro, Inc. (GPRO) opened at $8.61 on Wednesday. GoPro, Inc. has a 12-month low of $7.14 and a 12-month high of $11.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08.
Several research analysts have commented on GPRO shares. J P Morgan Chase & Co lifted their target price on GoPro from $13.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, September 7th. Wedbush reaffirmed a “neutral” rating on shares of GoPro in a report on Thursday, October 26th. Vetr raised GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 target price on the stock in a report on Thursday, October 19th. Longbow Research raised GoPro from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $9.60 to $13.00 in a report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their target price on GoPro from $8.50 to $9.50 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $9.68.
GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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