Raymond James Financial Services Advisors Inc. reduced its stake in shares of GoPro, Inc. (NASDAQ:GPRO) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,493 shares of the company’s stock after selling 1,568 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in GoPro were worth $158,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in GoPro by 14.5% during the 2nd quarter. Swiss National Bank now owns 166,700 shares of the company’s stock valued at $1,355,000 after purchasing an additional 21,100 shares during the last quarter. Wells Fargo & Company MN raised its stake in GoPro by 266.1% during the 2nd quarter. Wells Fargo & Company MN now owns 292,349 shares of the company’s stock valued at $2,376,000 after purchasing an additional 212,486 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in GoPro by 22.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 556,863 shares of the company’s stock valued at $4,528,000 after purchasing an additional 101,157 shares during the last quarter. Teachers Advisors LLC increased its holdings in GoPro by 9.2% in the 2nd quarter. Teachers Advisors LLC now owns 193,410 shares of the company’s stock valued at $1,572,000 after buying an additional 16,243 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in GoPro by 2.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 573,002 shares of the company’s stock valued at $4,658,000 after buying an additional 12,530 shares during the period. Hedge funds and other institutional investors own 23.54% of the company’s stock.
In other GoPro news, Director Anthony John Bates sold 25,529 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $10.17, for a total transaction of $259,629.93. Following the sale, the director now owns 116,482 shares of the company’s stock, valued at approximately $1,184,621.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Charles J. Prober sold 24,918 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total transaction of $274,098.00. Following the sale, the chief operating officer now directly owns 148,493 shares in the company, valued at approximately $1,633,423. The disclosure for this sale can be found here. In the last three months, insiders have sold 731,687 shares of company stock worth $6,823,098. Insiders own 28.58% of the company’s stock.
Several equities research analysts have issued reports on the stock. 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 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 report on Tuesday, October 31st. Wedbush reissued a “neutral” rating on shares of GoPro in a 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 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 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 issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.68.
Shares of GoPro, Inc. (NASDAQ:GPRO) opened at $8.21 on Wednesday. GoPro, Inc. has a fifty-two week low of $7.14 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08.
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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