SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 12.9% Beneficial Ownership in GOGO INC
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 12.9% of GOGO INC's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson, Chairman and CEO of FMR LLC, jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in GOGO INC.
- As of March 31, 2025, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 16,883,225.81 shares of GOGO INC's common stock.
- This ownership represents 12.9% of the total outstanding common stock of GOGO INC.
- FMR LLC holds sole voting power over 16,880,900.00 shares and sole dispositive power over 16,883,225.81 shares.
- Abigail P. Johnson holds sole dispositive power over 16,883,225.81 shares, with no sole or shared voting power reported directly.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of GOGO INC.
- Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as entities that beneficially own shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of significant beneficial ownership by an institutional investor (FMR LLC, a major asset manager) and its principal, Abigail P. Johnson, in GOGO INC, a provider of in-flight connectivity. Such disclosures are common for large investment firms holding substantial stakes in publicly traded companies.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holding, which can influence investor perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-03-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-05-09 | Date of filing of the Schedule 13G Amendment No. 1. |
Keywords
GOGO INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Ownership Disclosure
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