Teachers Advisors LLC raised its stake in GoPro, Inc. (NASDAQ:GPRO) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,410 shares of the company’s stock after purchasing an additional 16,243 shares during the period. Teachers Advisors LLC owned 0.13% of GoPro worth $1,572,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Legal & General Group Plc increased its stake in GoPro by 2.3% in the second quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock valued at $281,000 after purchasing an additional 763 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of GoPro by 1.5% in the first quarter. Stifel Financial Corp now owns 58,530 shares of the company’s stock valued at $511,000 after acquiring an additional 865 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of GoPro by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 274,610 shares of the company’s stock valued at $2,389,000 after acquiring an additional 2,347 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of GoPro by 4.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 71,873 shares of the company’s stock valued at $625,000 after acquiring an additional 3,061 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of GoPro by 2.0% in the first quarter. California Public Employees Retirement System now owns 182,800 shares of the company’s stock valued at $1,590,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 24.26% of the company’s stock.
GoPro, Inc. (NASDAQ GPRO) traded up $0.16 during trading on Friday, reaching $8.51. The company had a trading volume of 4,172,400 shares, compared to its average volume of 4,374,429. GoPro, Inc. has a 1 year low of $7.14 and a 1 year 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 1.13.
In related news, CEO Nicholas Woodman sold 515,000 shares of GoPro stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $9.30, for a total transaction of $4,789,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Charles J. Prober sold 24,918 shares of GoPro stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $11.00, for a total value of $274,098.00. Following the sale, the chief operating officer now owns 148,493 shares of the company’s stock, valued at approximately $1,633,423. The disclosure for this sale can be found here. In the last quarter, insiders have sold 731,687 shares of company stock valued at $6,823,098. 28.58% of the stock is currently owned by company insiders.
Several research firms have recently weighed in on GPRO. Citigroup Inc. decreased their price objective on GoPro from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Bank of America Corporation increased their price target on GoPro from $8.00 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. Wedbush reaffirmed a “neutral” rating on shares of GoPro in a report on Thursday, October 26th. Vetr raised GoPro from a “sell” rating to a “strong-buy” rating and set a $11.55 price target for the company in a report on Thursday, October 19th. Finally, Longbow Research upgraded GoPro from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $9.60 to $13.00 in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. GoPro currently has a consensus rating of “Hold” and a consensus target price of $9.68.
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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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