D. E. Shaw & Co. Inc. Cuts Holdings in GoPro, Inc. (NASDAQ:GPRO)

D. E. Shaw & Co. Inc. reduced its stake in shares of GoPro, Inc. (NASDAQ:GPRO - Free Report) by 12.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,666,464 shares of the company's stock after selling 683,392 shares during the period. D. E. Shaw & Co. Inc. owned about 3.02% of GoPro worth $5,086,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in GoPro by 153.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 23,905 shares of the company's stock valued at $26,000 after purchasing an additional 14,485 shares during the last quarter. R Squared Ltd bought a new position in shares of GoPro during the 4th quarter worth $27,000. Picton Mahoney Asset Management increased its holdings in GoPro by 77.4% in the 4th quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company's stock worth $30,000 after acquiring an additional 12,172 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in GoPro by 90.4% during the fourth quarter. MetLife Investment Management LLC now owns 36,134 shares of the company's stock valued at $39,000 after purchasing an additional 17,158 shares during the last quarter. Finally, Two Sigma Securities LLC boosted its position in GoPro by 139.4% during the fourth quarter. Two Sigma Securities LLC now owns 44,283 shares of the company's stock worth $48,000 after purchasing an additional 25,788 shares during the period. Hedge funds and other institutional investors own 70.09% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of GoPro from a "sell" rating to a "hold" rating in a research note on Thursday. Wedbush reaffirmed a "neutral" rating and issued a $0.75 price target (down from $1.00) on shares of GoPro in a report on Tuesday, May 13th.

GoPro Price Performance

NASDAQ:GPRO traded up $0.00 during mid-day trading on Thursday, hitting $0.60. 445,040 shares of the stock traded hands, compared to its average volume of 2,481,466. GoPro, Inc. has a 12-month low of $0.40 and a 12-month high of $1.76. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. The company has a market cap of $93.74 million, a PE ratio of -0.21 and a beta of 1.39. The business's 50-day moving average price is $0.61 and its 200 day moving average price is $0.90.

GoPro Company 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.