Deutsche Bank AG Has $3.58 Million Stock Holdings in Gogo Inc. (NASDAQ:GOGO)

Defense World · Dec 3, 2022 05:01

Deutsche Bank AG lifted its holdings in Gogo Inc. (NASDAQ:GOGO – Get Rating) by 414.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,015 shares of the technology company's stock after buying an additional 178,019 shares during the period. Deutsche Bank AG owned about 0.17% of Gogo worth $3,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lord Abbett & CO. LLC boosted its position in Gogo by 123.5% during the first quarter. Lord Abbett & CO. LLC now owns 2,359,778 shares of the technology company's stock valued at $44,977,000 after purchasing an additional 1,303,853 shares during the last quarter. Simcoe Capital Management LLC boosted its position in Gogo by 150.6% during the first quarter. Simcoe Capital Management LLC now owns 2,037,475 shares of the technology company's stock valued at $38,834,000 after purchasing an additional 1,224,513 shares during the last quarter. Capco Asset Management LLC boosted its position in Gogo by 2.3% during the second quarter. Capco Asset Management LLC now owns 1,286,829 shares of the technology company's stock valued at $20,834,000 after purchasing an additional 29,337 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. boosted its position in Gogo by 1.2% during the first quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,263,599 shares of the technology company's stock valued at $30,082,000 after purchasing an additional 15,109 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Gogo by 22.2% during the first quarter. Renaissance Technologies LLC now owns 627,900 shares of the technology company's stock valued at $11,968,000 after purchasing an additional 114,100 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Cowen lifted their price objective on Gogo to $26.00 in a research report on Monday, August 15th. Morgan Stanley raised Gogo from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $14.00 to $15.00 in a research report on Tuesday, November 1st. Finally, StockNews.com cut Gogo from a "hold" rating to a "sell" rating in a research report on Saturday.

Gogo Price Performance

Shares of NASDAQ:GOGO opened at $15.87 on Friday. Gogo Inc. has a fifty-two week low of $11.57 and a fifty-two week high of $23.69. The business has a 50-day moving average of $13.97 and a two-hundred day moving average of $15.60. The stock has a market capitalization of $2.02 billion, a P/E ratio of 7.56 and a beta of 1.24.

Gogo Company Profile

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Gogo Inc, through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customizable connectivity and wireless entertainment services.

Deutsche Bank AG Has $3.58 Million Stock Holdings in Gogo Inc. (NASDAQ:GOGO)

Analysts Set New Price Targets

Gogo Price Performance

Gogo Company Profile

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