GoPro, Inc. (GPRO) Shares Sold by KCG Holdings Inc.

KCG Holdings Inc. cut its position in shares of GoPro, Inc. (NASDAQ:GPRO) by 71.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,888 shares of the company’s stock after selling 44,219 shares during the period. KCG Holdings Inc.’s holdings in GoPro were worth $156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of GoPro by 5.3% in the first quarter. Vanguard Group Inc. now owns 6,649,654 shares of the company’s stock worth $57,851,000 after buying an additional 335,744 shares during the period. State Street Corp increased its stake in GoPro by 5.1% in the fourth quarter. State Street Corp now owns 1,738,421 shares of the company’s stock worth $15,142,000 after buying an additional 84,601 shares in the last quarter. Geode Capital Management LLC increased its stake in GoPro by 9.6% in the first quarter. Geode Capital Management LLC now owns 804,345 shares of the company’s stock worth $6,997,000 after buying an additional 70,449 shares in the last quarter. First Eagle Investment Management LLC increased its stake in GoPro by 0.9% in the first quarter. First Eagle Investment Management LLC now owns 547,200 shares of the company’s stock worth $4,761,000 after buying an additional 5,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in GoPro by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 470,599 shares of the company’s stock worth $4,095,000 after buying an additional 23,641 shares in the last quarter. Institutional investors and hedge funds own 25.12% of the company’s stock.

GoPro, Inc. (NASDAQ:GPRO) opened at 9.05 on Friday. The firm has a 50-day moving average of $8.63 and a 200 day moving average of $8.64. GoPro, Inc. has a 12 month low of $7.14 and a 12 month high of $17.68. The firm’s market capitalization is $1.23 billion.

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

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A number of research firms have issued reports on GPRO. J P Morgan Chase & Co set a $12.00 price objective on shares of GoPro and gave the company a “buy” rating in a report on Sunday, April 30th. Goldman Sachs Group, Inc. (The) raised shares of GoPro from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $6.75 to $10.00 in a report on Tuesday. Vetr downgraded shares of GoPro from a “hold” rating to a “strong sell” rating and set a $8.02 price objective for the company. in a report on Monday, August 7th. Bank of America Corporation reissued an “underperform” rating and issued a $7.00 price objective (down previously from $8.00) on shares of GoPro in a report on Monday, June 5th. Finally, Zacks Investment Research downgraded shares of GoPro from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $8.47.

In other news, Director Anthony John Bates sold 41,076 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $8.49, for a total value of $348,735.24. Following the completion of the sale, the director now directly owns 142,011 shares in the company, valued at approximately $1,205,673.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 28.69% of the company’s stock.

About GoPro

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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