Daiwa Securities Group Inc. lifted its position in shares of Godaddy Inc (NYSE:GDDY) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,130 shares of the technology company’s stock after purchasing an additional 3,325 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Godaddy were worth $3,176,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Godaddy by 23.7% in the 2nd quarter. BlackRock Inc. now owns 14,344,269 shares of the technology company’s stock valued at $1,006,251,000 after buying an additional 2,747,523 shares during the period. Janus Henderson Group PLC increased its stake in shares of Godaddy by 5.5% in the 2nd quarter. Janus Henderson Group PLC now owns 8,369,171 shares of the technology company’s stock valued at $587,096,000 after buying an additional 436,616 shares during the period. Winslow Capital Management LLC increased its stake in shares of Godaddy by 3.3% in the 2nd quarter. Winslow Capital Management LLC now owns 4,042,013 shares of the technology company’s stock valued at $283,547,000 after buying an additional 129,681 shares during the period. Renaissance Technologies LLC increased its stake in shares of Godaddy by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,660,300 shares of the technology company’s stock valued at $256,770,000 after buying an additional 94,900 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of Godaddy by 3,070.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,805,367 shares of the technology company’s stock valued at $196,797,000 after buying an additional 2,716,877 shares during the period. 97.39% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on GDDY shares. TheStreet raised Godaddy from a “c+” rating to a “b-” rating in a research note on Monday, November 18th. Wedbush reaffirmed a “neutral” rating on shares of Godaddy in a research note on Monday, November 4th. SunTrust Banks reaffirmed a “buy” rating and set a $90.00 price objective on shares of Godaddy in a research note on Friday, November 1st. Finally, ValuEngine raised Godaddy from a “sell” rating to a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $89.38.
Shares of Godaddy stock traded down $0.74 during trading on Monday, reaching $65.64. The stock had a trading volume of 1,574,053 shares, compared to its average volume of 1,586,568. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 104.19, a P/E/G ratio of 6.03 and a beta of 0.67. The stock has a fifty day moving average price of $66.19 and a two-hundred day moving average price of $68.26. Godaddy Inc has a 52 week low of $58.19 and a 52 week high of $82.30. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 3.78.
Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. The company had revenue of $760.50 million for the quarter, compared to analyst estimates of $761.04 million. Godaddy had a return on equity of 19.05% and a net margin of 4.10%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 earnings per share. On average, equities analysts forecast that Godaddy Inc will post 0.79 EPS for the current fiscal year.
In other news, insider Nima Kelly sold 576 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $66.82, for a total value of $38,488.32. Following the transaction, the insider now owns 126,226 shares of the company’s stock, valued at $8,434,421.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Ah Kee Andrew Low sold 1,022 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $62.86, for a total value of $64,242.92. Following the sale, the chief operating officer now directly owns 62,228 shares in the company, valued at approximately $3,911,652.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,954 shares of company stock worth $1,925,579. Corporate insiders own 12.64% of the company’s stock.
Godaddy Company Profile
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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