Deutsche Bank AG Has $2.44 Million Stock Position in Gogo Inc. (NASDAQ:GOGO)

Deutsche Bank AG reduced its stake in shares of Gogo Inc. (NASDAQ:GOGO - Free Report) by 49.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 302,137 shares of the technology company's stock after selling 292,162 shares during the quarter. Deutsche Bank AG owned about 0.24% of Gogo worth $2,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. D. E. Shaw & Co. Inc. boosted its stake in Gogo by 6.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,496,435 shares of the technology company's stock worth $12,106,000 after acquiring an additional 96,364 shares during the last quarter. Jane Street Group LLC raised its holdings in Gogo by 36.0% in the fourth quarter. Jane Street Group LLC now owns 233,746 shares of the technology company's stock worth $1,891,000 after purchasing an additional 61,837 shares during the period. One68 Global Capital LLC bought a new position in shares of Gogo during the fourth quarter worth $375,000. Nantahala Capital Management LLC grew its holdings in shares of Gogo by 441.5% in the 4th quarter. Nantahala Capital Management LLC now owns 2,574,642 shares of the technology company's stock valued at $20,829,000 after buying an additional 2,099,145 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in shares of Gogo in the 4th quarter valued at $278,000. 69.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director (Equity) Holdings Lp Silver sold 8,500,000 shares of Gogo stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $11.00, for a total transaction of $93,500,000.00. Following the completion of the sale, the director now owns 4,174,482 shares of the company's stock, valued at approximately $45,919,302. This trade represents a 67.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Oakleigh Thorne acquired 30,173 shares of the business's stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $6.57 per share, with a total value of $198,236.61. Following the acquisition, the director now directly owns 711,341 shares in the company, valued at approximately $4,673,510.37. This trade represents a 4.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 25.78% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Roth Mkm dropped their price objective on Gogo from $15.50 to $13.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Wall Street Zen upgraded Gogo from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Gogo Stock Up 2.5%

GOGO traded up $0.27 during trading on Tuesday, reaching $11.11. The company had a trading volume of 1,973,294 shares, compared to its average volume of 1,316,806. The company has a market cap of $1.47 billion, a P/E ratio of 25.84 and a beta of 0.93. Gogo Inc. has a 12 month low of $6.17 and a 12 month high of $13.16. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. The business's fifty day moving average price is $8.70 and its 200 day moving average price is $8.11.

Gogo (NASDAQ:GOGO - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The technology company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.13. The business had revenue of $230.31 million for the quarter, compared to analyst estimates of $214.93 million. Gogo had a net margin of 13.94% and a return on equity of 121.96%. The firm's quarterly revenue was up 120.8% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. Equities analysts anticipate that Gogo Inc. will post 0.41 EPS for the current year.

Gogo Profile

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.