Jane Street Group LLC Increases Position in Gogoro Inc. (NASDAQ:GGR)

Jane Street Group LLC lifted its position in Gogoro Inc. (NASDAQ:GGR) by 113.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,216 shares of the company’s stock after buying an additional 47,336 shares during the period. Jane Street Group LLC’s holdings in Gogoro were worth $47,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in Gogoro by 76.7% during the second quarter. Renaissance Technologies LLC now owns 93,100 shares of the company’s stock valued at $143,000 after buying an additional 40,400 shares during the last quarter. State Street Corp lifted its holdings in shares of 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 acquiring an additional 69,142 shares during the last quarter. Finally, Senator Investment Group LP bought a new stake in Gogoro during the 2nd quarter valued at about $2,079,000. Institutional investors own 15.87% of the company’s stock.

Gogoro Stock Down 1.1 %

GGR stock opened at $0.47 on Thursday. The firm has a market capitalization of $138.68 million, a price-to-earnings ratio of -1.47 and a beta of 0.67. Gogoro Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $2.36. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.29. The company’s 50 day moving average price is $0.53 and its 200 day moving average price is $0.85.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating and issued a $0.50 price objective (down previously from $2.30) on shares of Gogoro in a research report on Friday, November 15th. Benchmark reaffirmed a “hold” rating on shares of Gogoro in a report on Monday, November 18th.

Gogoro Profile

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.