GoPro, Inc. (NASDAQ:GPRO) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC raised its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 63.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 493,421 shares of the company’s stock after buying an additional 191,487 shares during the period. Jane Street Group LLC owned about 0.32% of GoPro worth $671,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of GoPro by 0.5% during the 3rd quarter. State Street Corp now owns 2,533,952 shares of the company’s stock worth $3,446,000 after acquiring an additional 11,454 shares in the last quarter. Prentice Capital Management LP lifted its holdings in shares of GoPro by 430.4% during the third quarter. Prentice Capital Management LP now owns 75,362 shares of the company’s stock valued at $102,000 after purchasing an additional 61,154 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of GoPro in the 3rd quarter valued at $35,000. RIA Advisory Group LLC purchased a new position in GoPro in the 3rd quarter worth about $27,000. Finally, GSA Capital Partners LLP increased its stake in 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 purchasing an additional 1,523,183 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

GoPro Stock Performance

Shares of GPRO stock opened at $1.14 on Friday. The company has a market capitalization of $176.43 million, a price-to-earnings ratio of -0.44 and a beta of 1.52. GoPro, Inc. has a 1-year low of $1.07 and a 1-year high of $3.40. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.32.

Wall Street Analysts Forecast Growth

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

GoPro 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.