California State Teachers Retirement System Has $1.89 Million Position in GoPro Inc (GPRO)

California State Teachers Retirement System decreased its position in shares of GoPro Inc (NASDAQ:GPRO) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,170 shares of the company’s stock after selling 18,273 shares during the period. California State Teachers Retirement System’s holdings in GoPro were worth $1,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of GPRO. Schwab Charles Investment Management Inc. lifted its position in GoPro by 22.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company’s stock valued at $4,528,000 after acquiring an additional 101,157 shares during the last quarter. Legal & General Group Plc lifted its position in GoPro by 2.3% during the second quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after acquiring an additional 763 shares during the last quarter. Swiss National Bank lifted its position in GoPro by 14.5% during the second quarter. Swiss National Bank now owns 166,700 shares of the company’s stock valued at $1,355,000 after acquiring an additional 21,100 shares during the last quarter. JPMorgan Chase & Co. lifted its position in GoPro by 2.2% during the second quarter. JPMorgan Chase & Co. now owns 573,002 shares of the company’s stock valued at $4,658,000 after acquiring an additional 12,530 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in GoPro by 266.1% during the second quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock valued at $2,376,000 after acquiring an additional 212,486 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on GPRO shares. Wedbush reissued a “neutral” rating and set a $10.00 target price (down previously from $11.48) on shares of GoPro in a research report on Friday, September 29th. JPMorgan Chase & Co. set a $9.00 target price on shares of GoPro and gave the company a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research raised shares of GoPro from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, October 4th. Citigroup decreased their target price on shares of GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, Oppenheimer reissued a “hold” rating on shares of GoPro in a research report on Friday, September 29th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $8.74.

In other news, Director Anthony John Bates sold 17,023 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $7.98, for a total value of $135,843.54. Following the sale, the director now owns 99,459 shares in the company, valued at $793,682.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicholas Woodman sold 515,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $9.30, for a total transaction of $4,789,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 704,907 shares of company stock worth $6,478,800 in the last 90 days. 28.58% of the stock is currently owned by company insiders.

GoPro Inc (GPRO) opened at $6.27 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.65. GoPro Inc has a 52 week low of $5.04 and a 52 week high of $11.89. The stock has a market cap of $915.16, a P/E ratio of -3.65 and a beta of 0.53.

GoPro (NASDAQ:GPRO) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.14. GoPro had a negative net margin of 17.52% and a negative return on equity of 15.90%. equities research analysts expect that GoPro Inc will post -0.87 earnings per share for the current fiscal year.

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GoPro Profile

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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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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