Jane Street Group LLC Has $47,000 Stock Position in Gogoro Inc. (NASDAQ:GGR)

Jane Street Group LLC grew its stake in shares of Gogoro Inc. (NASDAQ:GGR) by 113.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,216 shares of the company’s stock after buying an additional 47,336 shares during the quarter. Jane Street Group LLC’s holdings in Gogoro were worth $47,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Senator Investment Group LP acquired a new position in Gogoro in the second quarter valued at $2,079,000. State Street Corp grew its position in Gogoro by 105.3% in the 3rd quarter. State Street Corp now owns 134,806 shares of the company’s stock worth $71,000 after purchasing an additional 69,142 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Gogoro by 76.7% during the 2nd quarter. Renaissance Technologies LLC now owns 93,100 shares of the company’s stock valued at $143,000 after acquiring an additional 40,400 shares during the period. Institutional investors own 15.87% of the company’s stock.

Gogoro Price Performance

Shares of NASDAQ GGR opened at $0.47 on Thursday. Gogoro Inc. has a 1 year low of $0.40 and a 1 year high of $2.36. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 1.02. The company’s 50-day moving average is $0.53 and its 200 day moving average is $0.85. The stock has a market capitalization of $138.68 million, a P/E ratio of -1.47 and a beta of 0.67.

Analysts Set New Price Targets

Several research firms recently commented on GGR. Benchmark reaffirmed a “hold” rating on shares of Gogoro in a report on Monday, November 18th. Citigroup reaffirmed a “neutral” rating and set a $0.50 target price (down previously from $2.30) on shares of Gogoro in a report on Friday, November 15th.

About Gogoro

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.