Swiss National Bank lifted its stake in GoPro Inc (NASDAQ:GPRO) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,300 shares of the company’s stock after purchasing an additional 14,600 shares during the quarter. Swiss National Bank’s holdings in GoPro were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. raised its holdings in GoPro by 226.6% in the 4th quarter. North Star Investment Management Corp. now owns 16,575 shares of the company’s stock worth $125,000 after acquiring an additional 11,500 shares during the last quarter. Principal Financial Group Inc. purchased a new position in GoPro in the 3rd quarter worth approximately $139,000. Boothbay Fund Management LLC purchased a new position in GoPro in the 3rd quarter worth approximately $266,000. MUFG Securities EMEA plc raised its holdings in GoPro by 958.1% in the 4th quarter. MUFG Securities EMEA plc now owns 35,287 shares of the company’s stock worth $267,000 after acquiring an additional 31,952 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in GoPro in the 4th quarter worth approximately $269,000. Institutional investors own 26.03% of the company’s stock.
Shares of GoPro Inc (GPRO) opened at $5.63 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 1.14. GoPro Inc has a 12 month low of $5.04 and a 12 month high of $11.89.
A number of brokerages recently weighed in on GPRO. Vetr upgraded shares of GoPro from a “strong sell” rating to a “sell” rating and set a $5.00 price objective for the company in a report on Monday. Citigroup restated a “hold” rating and issued a $6.50 price objective (up from $5.50) on shares of GoPro in a report on Friday, March 9th. BidaskClub upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. Bank of America decreased their price objective on shares of GoPro from $6.50 to $5.50 and set an “underperform” rating for the company in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered shares of GoPro from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $9.00 to $8.00 in a report on Friday, February 2nd. Nine investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.77.
In other news, SVP Sharon S. Zezima sold 14,966 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.60, for a total value of $83,809.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Mcgee sold 11,124 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.65, for a total value of $62,850.60. Following the completion of the sale, the chief financial officer now owns 71,958 shares of the company’s stock, valued at $406,562.70. The disclosure for this sale can be found here. 28.58% of the stock is currently owned by insiders.
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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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