Aspiring Ventures LLC Invests $495,000 in Gogoro Inc. (NASDAQ:GGR)

Aspiring Ventures LLC bought a new stake in shares of Gogoro Inc. (NASDAQ:GGR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,057,350 shares of the company’s stock, valued at approximately $495,000. Gogoro accounts for approximately 0.3% of Aspiring Ventures LLC’s investment portfolio, making the stock its 26th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of 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 purchasing an additional 40,400 shares during the period. Senator Investment Group LP bought a new stake in Gogoro in the 2nd quarter valued at about $2,079,000. State Street Corp raised its stake in Gogoro by 105.3% during the 3rd quarter. State Street Corp now owns 134,806 shares of the company’s stock worth $71,000 after buying an additional 69,142 shares during the period. Jane Street Group LLC boosted its holdings in Gogoro by 113.0% in the third quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock worth $47,000 after acquiring an additional 47,336 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Gogoro by 130.5% in the third quarter. JPMorgan Chase & Co. now owns 563,316 shares of the company’s stock valued at $299,000 after acquiring an additional 318,897 shares during the period. Institutional investors and hedge funds own 15.87% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating and issued a $0.50 price target (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 research note on Monday, November 18th.

Gogoro Stock Up 1.3 %

Shares of GGR opened at $0.45 on Friday. Gogoro Inc. has a 52 week low of $0.40 and a 52 week high of $2.24. The stock has a 50 day moving average price of $0.52 and a two-hundred day moving average price of $0.80. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 1.02.

About Gogoro

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.