Royal Bank of Canada Decreases Stake in GoPro, Inc. (GPRO)

Royal Bank of Canada decreased its position in GoPro, Inc. (NASDAQ:GPRO) by 25.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,699 shares of the company’s stock after selling 23,221 shares during the quarter. Royal Bank of Canada’s holdings in GoPro were worth $542,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GPRO. UBS Asset Management Americas Inc. grew its position in shares of GoPro by 33.6% in the first quarter. UBS Asset Management Americas Inc. now owns 52,076 shares of the company’s stock valued at $453,000 after purchasing an additional 13,106 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of GoPro by 25.9% in the first quarter. Parametric Portfolio Associates LLC now owns 49,887 shares of the company’s stock valued at $434,000 after purchasing an additional 10,264 shares during the last quarter. Teachers Advisors LLC grew its position in shares of GoPro by 3.1% in the first quarter. Teachers Advisors LLC now owns 177,167 shares of the company’s stock valued at $1,541,000 after purchasing an additional 5,373 shares during the last quarter. TIAA CREF Investment Management LLC grew its position 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 purchasing an additional 2,347 shares during the last quarter. Finally, California Public Employees Retirement System grew its position 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 purchasing an additional 3,500 shares during the last quarter. 24.26% of the stock is currently owned by institutional investors.



GPRO has been the topic of several research reports. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of GoPro in a research report on Friday, August 4th. Zacks Investment Research raised GoPro from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, October 4th. Longbow Research raised GoPro from a “neutral” rating to a “buy” rating and upped their target price 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. Morgan Stanley raised GoPro from an “underweight” rating to an “equal weight” rating and set a $7.50 target price on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. Finally, BidaskClub raised GoPro from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. GoPro has an average rating of “Hold” and a consensus price target of $9.68.

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In other news, CEO Nicholas Woodman sold 165,343 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $9.02, for a total value of $1,491,393.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony John Bates sold 25,529 shares of the stock in a transaction 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 transaction, the director now owns 116,482 shares of the company’s stock, valued at $1,184,621.94. The disclosure for this sale can be found here. Insiders sold a total of 731,687 shares of company stock valued at $6,823,098 over the last quarter. 28.58% of the stock is owned by corporate insiders.

Shares of GoPro, Inc. (NASDAQ GPRO) opened at $8.51 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.13. GoPro, Inc. has a 12 month low of $7.14 and a 12 month high of $11.89.

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.

Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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