Tatro Capital LLC Invests $378,000 in GoDaddy Inc. (NYSE:GDDY)

Tatro Capital LLC bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the second quarter, Holdings Channel.com reports. The firm bought 4,346 shares of the technology company’s stock, valued at approximately $378,000.

Several other hedge funds also recently made changes to their positions in GDDY. Dimensional Fund Advisors LP lifted its position in shares of GoDaddy by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 536,182 shares of the technology company’s stock worth $44,478,000 after purchasing an additional 23,315 shares in the last quarter. Commerce Bank lifted its position in shares of GoDaddy by 5.9% during the first quarter. Commerce Bank now owns 7,261 shares of the technology company’s stock worth $563,000 after purchasing an additional 404 shares in the last quarter. Standard Life Aberdeen plc lifted its position in shares of GoDaddy by 2.3% during the first quarter. Standard Life Aberdeen plc now owns 17,607 shares of the technology company’s stock worth $1,367,000 after purchasing an additional 398 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of GoDaddy by 19.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 68,311 shares of the technology company’s stock worth $5,302,000 after purchasing an additional 11,271 shares in the last quarter. Finally, Scotia Capital Inc. lifted its position in shares of GoDaddy by 2.2% during the first quarter. Scotia Capital Inc. now owns 10,062 shares of the technology company’s stock worth $781,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 95.68% of the company’s stock.

NYSE GDDY opened at $70.82 on Tuesday. GoDaddy Inc. has a 52-week low of $68.66 and a 52-week high of $93.75. The firm has a 50-day moving average of $76.94 and a 200-day moving average of $80.30. The stock has a market cap of $11.98 billion, a PE ratio of 63.23, a P/E/G ratio of 1.98 and a beta of 0.98.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, August 4th. The technology company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). GoDaddy had a negative return on equity of 277.41% and a net margin of 5.43%. The business had revenue of $931.30 million during the quarter, compared to analyst estimates of $920.26 million. During the same quarter last year, the firm earned ($4.06) EPS. GoDaddy’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities analysts anticipate that GoDaddy Inc. will post 1.09 EPS for the current fiscal year.

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 2,980 shares of GoDaddy stock in a transaction dated Friday, July 2nd. The shares were sold at an average price of $88.69, for a total value of $264,296.20. Following the completion of the sale, the chief executive officer now owns 156,094 shares in the company, valued at approximately $13,843,976.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by insiders.

Several equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of GoDaddy from $107.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, June 28th. Zacks Investment Research lowered shares of GoDaddy from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a report on Friday, August 6th. JMP Securities cut their target price on shares of GoDaddy from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. Rosenblatt Securities lowered shares of GoDaddy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $85.00 in a report on Thursday, August 5th. Finally, Piper Sandler lowered shares of GoDaddy from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $100.00 to $85.00 in a report on Thursday, August 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, GoDaddy has a consensus rating of “Buy” and a consensus price target of $97.92.

About GoDaddy

GoDaddy, Inc engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons on January 1997 and is headquartered in Scottsdale, AZ.

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Institutional Ownership by Quarter for GoDaddy (NYSE:GDDY)

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