Hsbc Holdings PLC Has $1.86 Million Stake in GoPro Inc (GPRO)

Hsbc Holdings PLC raised its holdings in shares of GoPro Inc (NASDAQ:GPRO) by 79.7% during the 1st quarter, Holdings Channel reports. The fund owned 388,027 shares of the company’s stock after acquiring an additional 172,042 shares during the quarter. Hsbc Holdings PLC’s holdings in GoPro were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of GoPro by 235.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,621 shares of the company’s stock valued at $233,000 after buying an additional 21,501 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of GoPro during the 4th quarter valued at $269,000. MetLife Investment Advisors LLC purchased a new position in shares of GoPro during the 4th quarter valued at $378,000. Canyon Capital Advisors LLC purchased a new position in shares of GoPro during the 4th quarter valued at $379,000. Finally, Swiss National Bank lifted its stake in shares of GoPro by 8.8% during the 4th quarter. Swiss National Bank now owns 181,300 shares of the company’s stock valued at $1,372,000 after buying an additional 14,600 shares in the last quarter. Institutional investors and hedge funds own 28.23% of the company’s stock.

GoPro opened at $6.57 on Wednesday, Marketbeat Ratings reports. GoPro Inc has a twelve month low of $4.42 and a twelve month high of $11.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.04 and a current ratio of 1.57. The stock has a market capitalization of $924.24 million, a PE ratio of -6.20 and a beta of 0.24.

GoPro (NASDAQ:GPRO) last posted its earnings results on Thursday, May 3rd. The company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.04. GoPro had a negative net margin of 12.73% and a negative return on equity of 38.90%. The firm had revenue of $202.35 million for the quarter, compared to the consensus estimate of $182.26 million. During the same period in the previous year, the firm posted ($0.44) EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis. equities analysts forecast that GoPro Inc will post -0.47 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on GPRO shares. BidaskClub upgraded shares of GoPro from a “sell” rating to a “hold” rating in a research note on Saturday, April 14th. Vetr downgraded shares of GoPro from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a report on Monday, April 9th. Citigroup reiterated a “hold” rating and issued a $6.50 price target (up from $5.50) on shares of GoPro in a report on Friday, March 9th. ValuEngine upgraded shares of GoPro from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of GoPro from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.48.

GoPro Profile

GoPro, Inc develops and sells cameras, and mountable and wearable accessories in the United States and internationally. The company offers HERO5 and HERO6, which are cloud-connected line of cameras; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.

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Institutional Ownership by Quarter for GoPro (NASDAQ:GPRO)

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