Pendal Group Ltd grew its holdings in Godaddy Inc (NYSE:GDDY) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,296 shares of the technology company’s stock after purchasing an additional 1,929 shares during the quarter. Pendal Group Ltd’s holdings in Godaddy were worth $849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tocqueville Asset Management L.P. boosted its stake in shares of Godaddy by 2.1% in the 4th quarter. Tocqueville Asset Management L.P. now owns 7,300 shares of the technology company’s stock valued at $479,000 after purchasing an additional 150 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Godaddy by 3.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,392 shares of the technology company’s stock valued at $449,000 after purchasing an additional 161 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Godaddy by 0.8% in the 4th quarter. State of Alaska Department of Revenue now owns 19,773 shares of the technology company’s stock valued at $1,297,000 after purchasing an additional 161 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Godaddy by 15.8% in the 4th quarter. Parallel Advisors LLC now owns 1,516 shares of the technology company’s stock valued at $99,000 after purchasing an additional 207 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of Godaddy by 65.4% in the 1st quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock valued at $43,000 after purchasing an additional 227 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Godaddy stock opened at $79.38 on Friday. Godaddy Inc has a fifty-two week low of $56.67 and a fifty-two week high of $84.97. The company has a market cap of $13.92 billion, a P/E ratio of 126.00, a PEG ratio of 5.69 and a beta of 0.67. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.76 and a current ratio of 0.76.

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Godaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). Godaddy had a return on equity of 12.61% and a net margin of 3.17%. The firm had revenue of $710.00 million for the quarter, compared to the consensus estimate of $711.18 million. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Godaddy Inc will post 0.81 EPS for the current fiscal year.

GDDY has been the topic of several recent research reports. Zacks Investment Research lowered shares of Godaddy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $97.00 target price on shares of Godaddy in a research note on Thursday, February 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their target price on shares of Godaddy to $83.00 and gave the company a “neutral” rating in a research note on Thursday, February 21st. Morgan Stanley raised their target price on shares of Godaddy from $88.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, February 21st. Finally, Citigroup raised their target price on shares of Godaddy from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $85.17.

In other Godaddy news, insider Steven Aldrich sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $75.22, for a total transaction of $2,632,700.00. Following the sale, the insider now directly owns 62,596 shares in the company, valued at approximately $4,708,471.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Rebecca Morrow sold 633 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $47,563.62. Following the sale, the chief accounting officer now owns 8,079 shares in the company, valued at $607,056.06. The disclosure for this sale can be found here. Insiders have sold a total of 267,290 shares of company stock worth $20,182,928 in the last three months. 7.63% of the stock is owned by insiders.

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About Godaddy

GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

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Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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