BB&T Securities LLC purchased a new stake in GoPro Inc (NASDAQ:GPRO) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 36,200 shares of the company’s stock, valued at approximately $233,000.

A number of other institutional investors also recently modified their holdings of GPRO. Schwab Charles Investment Management Inc. lifted its stake in GoPro by 14.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 893,322 shares of the company’s stock valued at $4,280,000 after buying an additional 110,617 shares in the last quarter. BlackRock Inc. lifted its stake in GoPro by 9.1% in the 1st quarter. BlackRock Inc. now owns 7,516,464 shares of the company’s stock valued at $36,004,000 after buying an additional 629,370 shares in the last quarter. California Public Employees Retirement System lifted its stake in GoPro by 4.3% in the 1st quarter. California Public Employees Retirement System now owns 223,300 shares of the company’s stock valued at $1,070,000 after buying an additional 9,308 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in GoPro by 172.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 406,652 shares of the company’s stock valued at $1,948,000 after buying an additional 257,389 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in GoPro by 79.7% in the 1st quarter. Hsbc Holdings PLC now owns 388,027 shares of the company’s stock valued at $1,858,000 after acquiring an additional 172,042 shares during the last quarter. 30.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on GPRO shares. ValuEngine upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 12th. BidaskClub upgraded shares of GoPro from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 13th. Zacks Investment Research downgraded shares of GoPro from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Wedbush reiterated a “neutral” rating and issued a $6.00 price objective on shares of GoPro in a report on Friday, July 27th. Finally, JPMorgan Chase & Co. set a $7.00 price objective on shares of GoPro and gave the company a “hold” rating in a report on Tuesday, July 31st. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. GoPro has an average rating of “Hold” and an average price target of $6.98.

GPRO stock opened at $6.62 on Wednesday. The stock has a market capitalization of $956.83 million, a price-to-earnings ratio of -6.08 and a beta of 0.23. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.49 and a quick ratio of 1.15. GoPro Inc has a 12 month low of $4.42 and a 12 month high of $11.89.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, August 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.07. The business had revenue of $282.70 million during the quarter, compared to the consensus estimate of $270.27 million. GoPro had a negative net margin of 13.47% and a negative return on equity of 47.64%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS.

In other news, CFO Brian Mcgee sold 5,452 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $5.86, for a total transaction of $31,948.72. Following the completion of the sale, the chief financial officer now owns 108,411 shares in the company, valued at approximately $635,288.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 26.61% of the stock is owned by company insiders.

About GoPro

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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