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

Dimensional Fund Advisors LP lessened its holdings in shares of GoPro, Inc. (NASDAQ:GPRO - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of GoPro in the 4th quarter valued at about $27,000. Picton Mahoney Asset Management raised its position in GoPro by 77.4% in the 4th 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 during the last quarter. Intech Investment Management LLC boosted its position in GoPro by 123.3% in the 4th quarter. Intech Investment Management LLC now owns 57,924 shares of the company's stock valued at $63,000 after buying an additional 31,985 shares during the last quarter. Disciplined Investors L.L.C. bought a new stake in shares of GoPro during the 4th quarter valued at $67,000. Finally, Wells Fargo & Company MN grew its holdings in shares of GoPro by 26.0% in the 4th quarter. Wells Fargo & Company MN now owns 73,903 shares of the company's stock valued at $81,000 after buying an additional 15,255 shares during the period. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GPRO shares. Wedbush reiterated a "neutral" rating and issued a $0.75 price target (down from $1.00) on shares of GoPro in a research note on Tuesday. StockNews.com upgraded GoPro from a "sell" rating to a "hold" rating in a report on Tuesday.

GoPro Trading Up 1.3%

NASDAQ GPRO opened at $0.61 on Thursday. The company has a market cap of $96.09 million, a price-to-earnings ratio of -0.21 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. GoPro, Inc. has a 52 week low of $0.40 and a 52 week high of $1.80. The business has a 50 day moving average price of $0.61 and a 200-day moving average price of $0.93.

GoPro 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.

Want to see what other hedge funds are holding GPRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GoPro, Inc. (NASDAQ:GPRO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.