Northern Trust Corp cut its position in shares of GoPro, Inc. (NASDAQ:GPRO) by 44.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 676,968 shares of the company’s stock after selling 540,370 shares during the period. Northern Trust Corp owned approximately 0.47% of GoPro worth $5,504,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of GPRO. Amalgamated Bank raised its stake in GoPro by 14.6% during the second quarter. Amalgamated Bank now owns 14,564 shares of the company’s stock worth $118,000 after purchasing an additional 1,858 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in GoPro by 195.5% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,250 shares of the company’s stock worth $132,000 after purchasing an additional 10,750 shares during the period. Legal & General Group Plc raised its stake in GoPro by 2.3% during the second quarter. Legal & General Group Plc now owns 34,526 shares of the company’s stock worth $281,000 after purchasing an additional 763 shares during the period. Cipher Capital LP purchased a new position in GoPro during the second quarter worth about $281,000. Finally, Ameriprise Financial Inc. raised its stake in GoPro by 13.6% during the second quarter. Ameriprise Financial Inc. now owns 48,721 shares of the company’s stock worth $396,000 after purchasing an additional 5,849 shares during the period. 23.54% of the stock is currently owned by institutional investors.
In other GoPro news, CEO Nicholas Woodman sold 165,343 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $9.02, for a total transaction of $1,491,393.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony John Bates sold 25,529 shares of the business’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 transaction, the director now owns 116,482 shares of the company’s stock, valued at approximately $1,184,621.94. The disclosure for this sale can be found here. Insiders have sold a total of 730,790 shares of company stock valued at $6,814,622 in the last quarter. 28.58% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on GPRO shares. The Goldman Sachs Group, Inc. upgraded shares of GoPro from a “sell” rating to a “neutral” rating and lifted their price target for the company from $6.75 to $10.00 in a research report on Tuesday, August 15th. Vetr cut shares of GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 price target for the company. in a research report on Monday, August 7th. J P Morgan Chase & Co lifted their price target on shares of GoPro from $13.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, September 7th. Citigroup Inc. reiterated a “neutral” rating and set a $10.50 price target on shares of GoPro in a research report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of GoPro in a research report on Wednesday, August 9th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.68.
GoPro, Inc. (NASDAQ:GPRO) opened at $8.27 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 1.08. GoPro, Inc. has a twelve month low of $7.14 and a twelve month high of $11.89.
GoPro Company 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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