Gogo Inc. (NASDAQ:GOGO) Shares Bought by Amundi

Amundi increased its stake in Gogo Inc. (NASDAQ:GOGO) by 142.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,387 shares of the technology company’s stock after purchasing an additional 15,525 shares during the period. Amundi’s holdings in Gogo were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GOGO. FMR LLC lifted its stake in Gogo by 13.5% during the 3rd quarter. FMR LLC now owns 5,653,036 shares of the technology company’s stock valued at $40,589,000 after acquiring an additional 673,315 shares during the period. Weiss Asset Management LP acquired a new stake in Gogo during the 3rd quarter valued at approximately $3,031,000. Dynamic Technology Lab Private Ltd lifted its stake in Gogo by 612.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 253,114 shares of the technology company’s stock valued at $1,817,000 after acquiring an additional 217,570 shares during the period. LB Partners LLC lifted its stake in Gogo by 8.6% during the 4th quarter. LB Partners LLC now owns 2,221,092 shares of the technology company’s stock valued at $17,969,000 after acquiring an additional 176,092 shares during the period. Finally, Van ECK Associates Corp lifted its stake in Gogo by 256.1% during the 4th quarter. Van ECK Associates Corp now owns 154,706 shares of the technology company’s stock valued at $1,252,000 after acquiring an additional 111,267 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Oakleigh Thorne purchased 30,173 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $6.57 per share, with a total value of $198,236.61. Following the acquisition, the director now owns 711,341 shares in the company, valued at $4,673,510.37. The trade was a 4.43 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.00% of the stock is owned by insiders.

Analysts Set New Price Targets

GOGO has been the subject of several research reports. StockNews.com cut shares of Gogo from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Roth Mkm decreased their price objective on shares of Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 17th.

Gogo Stock Performance

GOGO opened at $7.42 on Friday. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. The firm has a fifty day moving average price of $7.75 and a 200 day moving average price of $7.56. Gogo Inc. has a 1 year low of $6.17 and a 1 year high of $11.00. The stock has a market cap of $933.28 million, a P/E ratio of 17.26 and a beta of 1.01.

Gogo (NASDAQ:GOGO) last issued its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $137.80 million during the quarter, compared to analyst estimates of $97.80 million. Gogo had a net margin of 13.94% and a return on equity of 121.96%. The firm’s revenue was up 40.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. Equities research analysts anticipate that Gogo Inc. will post 0.41 earnings per share for the current year.

Gogo Company Profile

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.