GoPro, Inc. (NASDAQ:GPRO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in GoPro, Inc. (NASDAQ:GPRO - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,690,952 shares of the company's stock after selling 511,477 shares during the period. Dimensional Fund Advisors LP owned 1.09% of GoPro worth $1,843,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd bought a new position in GoPro in the fourth quarter valued at about $27,000. Picton Mahoney Asset Management grew its holdings in shares of GoPro by 77.4% in the fourth quarter. Picton Mahoney Asset Management now owns 27,908 shares of the company's stock valued at $30,000 after purchasing an additional 12,172 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of GoPro by 123.3% in the fourth quarter. Intech Investment Management LLC now owns 57,924 shares of the company's stock valued at $63,000 after purchasing an additional 31,985 shares in the last quarter. Disciplined Investors L.L.C. bought a new stake in GoPro in the fourth quarter worth $67,000. Finally, Wells Fargo & Company MN lifted its position in GoPro by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 73,903 shares of the company's stock worth $81,000 after buying an additional 15,255 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

GoPro Stock Up 1.0%

GPRO traded up $0.01 on Tuesday, hitting $0.61. The company had a trading volume of 265,969 shares, compared to its average volume of 2,476,948. GoPro, Inc. has a 12-month low of $0.40 and a 12-month high of $1.76. The stock has a market capitalization of $96.26 million, a price-to-earnings ratio of -0.22 and a beta of 1.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.32. The stock has a fifty day moving average price of $0.61 and a 200-day moving average price of $0.91.

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.