GoPro, Inc. (GPRO) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC raised its stake in GoPro, Inc. (NASDAQ:GPRO) by 37.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,310 shares of the company’s stock after acquiring an additional 47,754 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of GoPro worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPRO. Nomura Holdings Inc. boosted its stake in GoPro by 5.4% in the second quarter. Nomura Holdings Inc. now owns 13,769 shares of the company’s stock valued at $112,000 after acquiring an additional 704 shares during the last quarter. Amalgamated Bank boosted its stake in GoPro by 14.6% in the second quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock valued at $118,000 after acquiring an additional 1,858 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in GoPro in the third quarter valued at about $122,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in GoPro by 195.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock valued at $132,000 after acquiring an additional 10,750 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in GoPro in the third quarter valued at about $139,000. Hedge funds and other institutional investors own 22.04% of the company’s stock.
Shares of GoPro, Inc. (GPRO) opened at $8.58 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 0.38. GoPro, Inc. has a twelve month low of $7.14 and a twelve month high of $11.89.
GPRO has been the topic of several research reports. Citigroup Inc. lowered their price target on shares of GoPro from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Bank of America Corporation boosted their price target on shares of GoPro from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, October 31st. Wedbush reissued a “neutral” rating on shares of GoPro in a research report on Thursday, October 26th. Vetr raised shares of GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price target on the stock in a research report on Thursday, October 19th. Finally, Longbow Research raised shares of GoPro from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.60 to $13.00 in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.68.
In related news, CFO Brian Mcgee sold 7,541 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $8.23, for a total transaction of $62,062.43. Following the sale, the chief financial officer now owns 79,167 shares of the company’s stock, valued at approximately $651,544.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony John Bates sold 25,529 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $10.17, for a total transaction of $259,629.93. Following the sale, the director now directly owns 116,482 shares in the company, valued at approximately $1,184,621.94. The disclosure for this sale can be found here. Insiders have sold a total of 738,331 shares of company stock worth $6,876,684 in the last ninety days. 28.58% of the stock is currently owned by insiders.
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GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer.
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