Temasek Holdings Private Ltd lessened its position in Gogoro Inc. (NASDAQ:GGR - Free Report) by 37.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,284,537 shares of the company's stock after selling 2,608,323 shares during the period. Temasek Holdings Private Ltd owned approximately 1.45% of Gogoro worth $2,271,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Gogoro by 76.7% in the 2nd quarter. Renaissance Technologies LLC now owns 93,100 shares of the company's stock valued at $143,000 after acquiring an additional 40,400 shares during the period. State Street Corp raised its stake in Gogoro by 105.3% in the 3rd quarter. State Street Corp now owns 134,806 shares of the company's stock worth $71,000 after purchasing an additional 69,142 shares in the last quarter. Finally, Senator Investment Group LP acquired a new stake in Gogoro in the 2nd quarter worth about $2,079,000. 15.87% of the stock is currently owned by institutional investors and hedge funds.
Gogoro Trading Up 6.7 %
GGR traded up $0.04 during trading on Friday, reaching $0.64. 1,236,190 shares of the company's stock were exchanged, compared to its average volume of 644,685. Gogoro Inc. has a one year low of $0.40 and a one year high of $2.69. The company has a current ratio of 1.29, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $189.67 million, a PE ratio of -1.88 and a beta of 0.61. The firm has a fifty day moving average price of $0.53 and a two-hundred day moving average price of $1.04.
Analyst Ratings Changes
GGR has been the subject of a number of research analyst reports. Citigroup reiterated a "neutral" rating and set a $0.50 price objective (down from $2.30) on shares of Gogoro in a research report on Friday, November 15th. Benchmark reiterated a "hold" rating on shares of Gogoro in a research report on Monday, November 18th.
View Our Latest Stock Report on Gogoro
Gogoro Profile
(
Free Report)
Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.
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