State Street Corp Has $3.45 Million Stock Holdings in GoPro, Inc. (NASDAQ:GPRO)

State Street Corp lifted its holdings in shares of GoPro, Inc. (NASDAQ:GPRO) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,533,952 shares of the company’s stock after purchasing an additional 11,454 shares during the quarter. State Street Corp owned approximately 1.66% of GoPro worth $3,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Acadian Asset Management LLC raised its position in shares of GoPro by 109.7% in the second quarter. Acadian Asset Management LLC now owns 4,415,441 shares of the company’s stock valued at $6,267,000 after purchasing an additional 2,309,500 shares during the period. GSA Capital Partners LLP boosted its holdings in GoPro by 149.4% during the third quarter. GSA Capital Partners LLP now owns 2,542,398 shares of the company’s stock valued at $3,458,000 after acquiring an additional 1,523,183 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of GoPro by 396.6% in the second quarter. Cubist Systematic Strategies LLC now owns 523,745 shares of the company’s stock valued at $744,000 after purchasing an additional 418,288 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of GoPro by 13.4% in the second quarter. Bank of New York Mellon Corp now owns 452,395 shares of the company’s stock worth $642,000 after purchasing an additional 53,614 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of GoPro by 416.8% during the 2nd quarter. XTX Topco Ltd now owns 146,382 shares of the company’s stock worth $208,000 after purchasing an additional 118,059 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wedbush reaffirmed a “neutral” rating and issued a $1.50 price target on shares of GoPro in a research report on Wednesday, November 6th. StockNews.com raised shares of GoPro from a “sell” rating to a “hold” rating in a research report on Friday, September 13th.

GoPro Stock Up 0.9 %

GPRO stock opened at $1.12 on Tuesday. GoPro, Inc. has a twelve month low of $1.07 and a twelve month high of $3.50. The company has a market cap of $173.33 million, a PE ratio of -0.43 and a beta of 1.52. The business’s 50-day simple moving average is $1.27 and its 200 day simple moving average is $1.33. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

GoPro Profile

GoPro, Inc develops and sells cameras, mountable and wearable accessories, and subscription services and software in the Americas, Europe, the Middle East, Africa, the Asia and Pacific region, and internationally. The company provides cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, and HERO9 Black waterproof cameras; MAX, a 360-degree waterproof camera; Premium and Premium+ subscription services, which include full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription that offers access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik desktop and mobile apps that enable users to get their favorite photos and videos with footage from any phone or camera.