JPMorgan Chase & Co. Acquires 318,897 Shares of Gogoro Inc. (NASDAQ:GGR)

JPMorgan Chase & Co. lifted its holdings in shares of Gogoro Inc. (NASDAQ:GGR) by 130.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 563,316 shares of the company’s stock after acquiring an additional 318,897 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.19% of Gogoro worth $299,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GGR. Jane Street Group LLC increased its position in Gogoro by 113.0% during the 3rd quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock worth $47,000 after buying an additional 47,336 shares during the period. State Street Corp increased its position in Gogoro by 105.3% during the third quarter. State Street Corp now owns 134,806 shares of the company’s stock worth $71,000 after acquiring an additional 69,142 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Gogoro by 76.7% in the 2nd quarter. Renaissance Technologies LLC now owns 93,100 shares of the company’s stock worth $143,000 after purchasing an additional 40,400 shares in the last quarter. 15.87% of the stock is owned by institutional investors and hedge funds.

Gogoro Price Performance

Shares of NASDAQ GGR opened at $0.42 on Friday. The firm has a fifty day simple moving average of $0.52 and a 200 day simple moving average of $0.77. Gogoro Inc. has a twelve month low of $0.40 and a twelve month high of $2.24. The company has a quick ratio of 1.02, a current ratio of 1.29 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $122.81 million, a PE ratio of -1.30 and a beta of 0.67.

Analyst Ratings Changes

Several brokerages have recently commented on GGR. Benchmark restated a “hold” rating on shares of Gogoro in a research report on Monday, November 18th. Citigroup reiterated a “neutral” rating and issued a $0.50 price target (down previously from $2.30) on shares of Gogoro in a research note 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.