Geode Capital Management LLC Sells 17,863 Shares of GoPro, Inc. (NASDAQ:GPRO)

Geode Capital Management LLC decreased its stake in shares of GoPro, Inc. (NASDAQ:GPRO) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,873,065 shares of the company’s stock after selling 17,863 shares during the period. Geode Capital Management LLC owned approximately 1.88% of GoPro worth $3,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Acadian Asset Management LLC raised its holdings in GoPro by 109.7% in the second quarter. Acadian Asset Management LLC now owns 4,415,441 shares of the company’s stock worth $6,267,000 after purchasing an additional 2,309,500 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of GoPro by 149.4% in the 3rd quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company’s stock worth $3,458,000 after acquiring an additional 1,523,183 shares in the last quarter. State Street Corp lifted its position in GoPro by 0.5% during the 3rd quarter. State Street Corp now owns 2,533,952 shares of the company’s stock valued at $3,446,000 after acquiring an additional 11,454 shares during the period. Barclays PLC boosted its stake in GoPro by 4.0% during the third quarter. Barclays PLC now owns 628,791 shares of the company’s stock worth $855,000 after acquiring an additional 24,044 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in GoPro by 396.6% in the second quarter. Cubist Systematic Strategies LLC now owns 523,745 shares of the company’s stock worth $744,000 after purchasing an additional 418,288 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GPRO. Wedbush reiterated a “neutral” rating and set a $1.50 target price on shares of GoPro in a report on Wednesday, November 6th. StockNews.com raised GoPro from a “sell” rating to a “hold” rating in a report on Friday, September 13th.

GoPro Stock Up 0.9 %

NASDAQ:GPRO opened at $1.15 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The firm has a market cap of $177.98 million, a P/E ratio of -0.44 and a beta of 1.53. GoPro, Inc. has a fifty-two week low of $1.07 and a fifty-two week high of $3.40. The firm has a 50-day simple moving average of $1.24 and a two-hundred day simple moving average of $1.32.

GoPro Company Profile

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.