D. E. Shaw & Co. Inc. Has $5.09 Million Stock Holdings in GoPro, Inc. (NASDAQ:GPRO)

D. E. Shaw & Co. Inc. decreased its position in GoPro, Inc. (NASDAQ:GPRO - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,666,464 shares of the company's stock after selling 683,392 shares during the quarter. D. E. Shaw & Co. Inc. owned about 3.02% of GoPro worth $5,086,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in GoPro by 153.8% during 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 acquired a new position in GoPro during the fourth quarter valued at approximately $27,000. Picton Mahoney Asset Management boosted its holdings in GoPro by 77.4% during the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company's stock valued at $30,000 after acquiring an additional 12,172 shares during the period. MetLife Investment Management LLC boosted 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 acquiring an additional 17,158 shares during the period. Finally, Two Sigma Securities LLC boosted its holdings in GoPro by 139.4% during the fourth quarter. Two Sigma Securities LLC now owns 44,283 shares of the company's stock valued at $48,000 after acquiring an additional 25,788 shares during the period. Institutional investors own 70.09% of the company's stock.

GoPro Trading Up 2.5%

Shares of NASDAQ:GPRO traded up $0.02 during trading on Tuesday, hitting $0.62. 3,110,405 shares of the company's stock were exchanged, compared to its average volume of 2,488,126. GoPro, Inc. has a 1-year low of $0.40 and a 1-year high of $1.76. The firm has a market cap of $97.68 million, a P/E ratio of -0.22 and a beta of 1.39. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $0.61 and a two-hundred day moving average price of $0.91.

Wall Street Analysts Forecast Growth

GPRO has been the subject of several research reports. Wedbush reaffirmed a "neutral" rating and issued a $0.75 target price (down from $1.00) on shares of GoPro in a research report on Tuesday, May 13th. StockNews.com raised GoPro from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th.

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.