Aspiring Ventures LLC Acquires New Holdings in Gogoro Inc. (NASDAQ:GGR)

Aspiring Ventures LLC purchased a new stake in Gogoro Inc. (NASDAQ:GGR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 holdings, making the stock its 26th biggest holding. Aspiring Ventures LLC owned 0.36% of Gogoro at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Senator Investment Group LP bought a new stake in shares of Gogoro in the second quarter worth $2,079,000. 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 purchasing an additional 318,897 shares in the last quarter. State Street Corp raised its stake in shares of 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 purchasing an additional 69,142 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Gogoro by 76.7% in 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 in the last quarter. Finally, Jane Street Group LLC raised its position in Gogoro by 113.0% during 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. 15.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GGR shares. Benchmark reissued a “hold” rating on shares of Gogoro in a research report on Monday, November 18th. Citigroup reaffirmed a “neutral” rating and issued a $0.50 price objective (down from $2.30) on shares of Gogoro in a report on Friday, November 15th.

Gogoro Price Performance

NASDAQ:GGR opened at $0.45 on Friday. The stock’s 50-day moving average is $0.52 and its 200-day moving average is $0.80. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.29. Gogoro Inc. has a 1-year low of $0.40 and a 1-year high of $2.24.

Gogoro Company 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.