Schwab Charles Investment Management Inc. Acquires 101,157 Shares of GoPro, Inc. (GPRO)

Schwab Charles Investment Management Inc. lifted its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 22.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 556,863 shares of the company’s stock after acquiring an additional 101,157 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.39% of GoPro worth $4,528,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of GoPro by 3.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after acquiring an additional 695 shares in the last quarter. Stifel Financial Corp increased its position in shares of GoPro by 1.5% during the first quarter. Stifel Financial Corp now owns 58,530 shares of the company’s stock worth $511,000 after acquiring an additional 865 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of GoPro by 0.9% during the first quarter. TIAA CREF Investment Management LLC now owns 274,610 shares of the company’s stock worth $2,389,000 after acquiring an additional 2,347 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of GoPro by 4.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 71,873 shares of the company’s stock worth $625,000 after acquiring an additional 3,061 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of GoPro by 2.0% during the first quarter. California Public Employees Retirement System now owns 182,800 shares of the company’s stock worth $1,590,000 after acquiring an additional 3,500 shares in the last quarter. 24.37% of the stock is owned by institutional investors.

GoPro, Inc. (NASDAQ GPRO) opened at 9.56 on Monday. GoPro, Inc. has a 1-year low of $7.14 and a 1-year high of $15.12. The firm has a 50-day moving average of $10.34 and a 200-day moving average of $8.99. The stock’s market capitalization is $1.30 billion.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The firm had revenue of $296.52 million during the quarter, compared to analyst estimates of $268.94 million. During the same period in the previous year, the business posted ($0.52) earnings per share. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. Equities analysts expect that GoPro, Inc. will post $0.05 EPS for the current fiscal year.

GPRO has been the subject of several recent research reports. J P Morgan Chase & Co boosted their target price on shares of GoPro from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, September 7th. Morgan Stanley boosted their target price on shares of GoPro from $8.50 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Vetr downgraded shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 target price for the company. in a research report on Wednesday, June 28th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $10.50 price objective on shares of GoPro in a research report on Friday, September 8th. Finally, BidaskClub raised shares of GoPro from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. GoPro currently has an average rating of “Hold” and a consensus target price of $9.27.

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In other news, Director Anthony John Bates sold 25,529 shares of GoPro stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the sale, the director now directly owns 116,482 shares in the company, valued at $1,184,621.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Charles J. Prober sold 24,918 shares of GoPro stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $11.00, for a total transaction of $274,098.00. Following the completion of the sale, the chief operating officer now owns 148,493 shares of the company’s stock, valued at $1,633,423. The disclosure for this sale can be found here. Insiders sold 51,344 shares of company stock valued at $542,205 over the last quarter. Company insiders own 28.58% of the company’s stock.

GoPro Profile

GoPro, Inc (GoPro) produces cameras and mountable and wearable accessories

Several other large investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of GoPro by 3.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,061 shares of the company’s stock worth $183,000 after acquiring an additional 695 shares in the last quarter. Stifel Financial Corp increased its position in shares of GoPro by 1.5% during the first quarter. Stifel Financial Corp now owns 58,530 shares of the company’s stock worth $511,000 after acquiring an additional 865 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of GoPro by 0.9% during the first quarter. TIAA CREF Investment Management LLC now owns 274,610 shares of the company’s stock worth $2,389,000 after acquiring an additional 2,347 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of GoPro by 4.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 71,873 shares of the company’s stock worth $625,000 after acquiring an additional 3,061 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of GoPro by 2.0% during the first quarter. California Public Employees Retirement System now owns 182,800 shares of the company’s stock worth $1,590,000 after acquiring an additional 3,500 shares in the last quarter. 24.37% of the stock is owned by institutional investors.

GoPro, Inc. (NASDAQ GPRO) opened at 9.56 on Monday. GoPro, Inc. has a 1-year low of $7.14 and a 1-year high of $15.12. The firm has a 50-day moving average of $10.34 and a 200-day moving average of $8.99. The stock’s market capitalization is $1.30 billion.

GoPro (NASDAQ:GPRO) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.20. GoPro had a negative net margin of 27.88% and a negative return on equity of 41.52%. The firm had revenue of $296.52 million during the quarter, compared to analyst estimates of $268.94 million. During the same period in the previous year, the business posted ($0.52) earnings per share. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. Equities analysts expect that GoPro, Inc. will post $0.05 EPS for the current fiscal year.

GPRO has been the subject of several recent research reports. J P Morgan Chase & Co boosted their target price on shares of GoPro from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, September 7th. Morgan Stanley boosted their target price on shares of GoPro from $8.50 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Vetr downgraded shares of GoPro from a “strong-buy” rating to a “buy” rating and set a $8.98 target price for the company. in a research report on Wednesday, June 28th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $10.50 price objective on shares of GoPro in a research report on Friday, September 8th. Finally, BidaskClub raised shares of GoPro from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. GoPro currently has an average rating of “Hold” and a consensus target price of $9.27.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/16/schwab-charles-investment-management-inc-acquires-101157-shares-of-gopro-inc-gpro.html.

In other news, Director Anthony John Bates sold 25,529 shares of GoPro stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $10.17, for a total value of $259,629.93. Following the completion of the sale, the director now directly owns 116,482 shares in the company, valued at $1,184,621.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Charles J. Prober sold 24,918 shares of GoPro stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $11.00, for a total transaction of $274,098.00. Following the completion of the sale, the chief operating officer now owns 148,493 shares of the company’s stock, valued at $1,633,423. The disclosure for this sale can be found here. Insiders sold 51,344 shares of company stock valued at $542,205 over the last quarter. Company insiders own 28.58% of the company’s stock.

GoPro Profile

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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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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