Antipodean Advisors Llc Increased Gopro Inc (NASDAQ:GPRO) by $21.98 Million as Shares Declined

Eric Chen increased its stake in Gopro Inc (NASDAQ:GPRO) by 2491.84% based on its latest Q4 2015 regulatory filing with the SEC. Antipodean Advisors Llc bought 1.22 million shares as the company’s stock declined 40.11% while stock markets rallied. The hedge fund run by Eric Chen held 1.27 million shares of the miscellaneous company at the end of Q4, valued at $22.87M, up from 49,000 at the end of the previous reported quarter. Antipodean Advisors Llc who had been investing in Gopro Inc since many months, is probably bullish the $1.71 billion market cap company. The stock is down 1.48% or $0.18 hitting $11.98, despite the positive news. About 2.21 million shares traded hands. GoPro Inc (NASDAQ:GPRO) has declined 74.59% since August 24, 2015 and is downtrending. It has underperformed by 83.61% the S&P500.

Eric Chen is the manager of Antipodean Advisors which is based out of New York City. Antipodean Advisors Llc is a New York-based hedge fund that was founded by Eric Chen. It had more than $1.84 billion assets under management in October, 2014. Taken from Antipodean Advisors latest Adv, the fund reported to have 9 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

The institutional sentiment decreased to 1.46 in 2015 Q3. Its down 0.25, from 1.71 in 2015Q2. The ratio turned negative, as 70 funds sold all GPRO shares owned while 42 reduced positions. 65 funds bought stakes while 99 increased positions. They now own 43.04 million shares or 14.87% more from 37.46 million shares in 2015Q2.

Pacad Investment Ltd. holds 0.64% of its portfolio in GPRO for 178,275 shares. Twin Tree Management Lp owns 63,945 shares or 0.61% of their US portfolio. Moreover, Hoplite Capital Management L.P. has 0.59% invested in the company for 500,000 shares. The Virginia-based Motley Fool Wealth Management Llc has invested 0.58% in the stock. Absolute Return Capital Llc, a Massachusetts-based fund reported 237,382 shares.

Out of 14 analysts covering GoPro Inc (NASDAQ:GPRO), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. GoPro Inc was the topic in 68 analyst reports since July 22, 2015 according to StockzIntelligence Inc.

GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. The company has a market cap of $1.71 billion. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. It has 52.36 P/E ratio. The Firm offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO.

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