Public Employees Retirement Association of Colorado increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 66.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,462 shares of the technology company’s stock after purchasing an additional 986 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in GoDaddy were worth $104,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MARSHALL WACE ASIA Ltd acquired a new stake in GoDaddy in the first quarter worth $21,303,000. Marshall Wace North America L.P. acquired a new stake in GoDaddy in the first quarter worth $21,303,000. Renaissance Technologies LLC increased its position in GoDaddy by 336.3% in the first quarter. Renaissance Technologies LLC now owns 532,700 shares of the technology company’s stock worth $20,189,000 after buying an additional 410,600 shares during the period. Vanguard Group Inc. increased its position in GoDaddy by 6.8% in the first quarter. Vanguard Group Inc. now owns 5,955,674 shares of the technology company’s stock worth $225,720,000 after buying an additional 380,343 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in GoDaddy in the first quarter worth $12,617,000. Hedge funds and other institutional investors own 77.88% of the company’s stock.
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GDDY has been the topic of a number of research analyst reports. BidaskClub lowered GoDaddy from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Cantor Fitzgerald reissued a “hold” rating on shares of GoDaddy in a report on Monday, June 26th. Stifel Nicolaus set a $41.00 price target on GoDaddy and gave the company a “hold” rating in a report on Friday, June 23rd. Oppenheimer Holdings, Inc. raised their price target on GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of GoDaddy in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $46.47.
Shares of GoDaddy Inc. (NYSE GDDY) traded up 0.21% during midday trading on Friday, reaching $43.89. The company’s stock had a trading volume of 144,067 shares. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 345.59 and a beta of 0.64. The stock has a 50-day moving average of $43.88 and a 200 day moving average of $39.83. GoDaddy Inc. has a 12 month low of $31.63 and a 12 month high of $44.22.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The business had revenue of $557.80 million for the quarter, compared to analyst estimates of $551.26 million. During the same quarter in the prior year, the business posted ($0.11) EPS. GoDaddy’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, analysts predict that GoDaddy Inc. will post $0.33 earnings per share for the current fiscal year.
In other GoDaddy news, EVP Nima Kelly sold 3,810 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $43.58, for a total transaction of $166,039.80. Following the transaction, the executive vice president now owns 28,934 shares in the company, valued at approximately $1,260,943.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Barbara J. Rechterman sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $42.23, for a total transaction of $1,478,050.00. Following the transaction, the insider now owns 54,741 shares in the company, valued at approximately $2,311,712.43. The disclosure for this sale can be found here. Insiders have sold a total of 12,319,948 shares of company stock worth $537,859,952 in the last 90 days. 25.70% of the stock is currently owned by company insiders.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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