Aperio Group LLC boosted its stake in Godaddy Inc (NYSE:GDDY) by 82.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,827 shares of the technology company’s stock after purchasing an additional 14,347 shares during the quarter. Aperio Group LLC’s holdings in Godaddy were worth $2,654,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of GDDY. Public Employees Retirement Association of Colorado grew its holdings in shares of Godaddy by 4.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 19,627 shares of the technology company’s stock valued at $1,386,000 after buying an additional 793 shares during the last quarter. Comerica Bank grew its holdings in shares of Godaddy by 16.9% during the second quarter. Comerica Bank now owns 5,832 shares of the technology company’s stock valued at $456,000 after buying an additional 842 shares during the last quarter. World Asset Management Inc grew its holdings in shares of Godaddy by 25.2% during the second quarter. World Asset Management Inc now owns 5,394 shares of the technology company’s stock valued at $381,000 after buying an additional 1,085 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Godaddy by 9.5% during the third quarter. DNB Asset Management AS now owns 15,981 shares of the technology company’s stock valued at $1,333,000 after buying an additional 1,381 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Godaddy by 7.1% during the first quarter. Guggenheim Capital LLC now owns 20,846 shares of the technology company’s stock valued at $1,280,000 after buying an additional 1,390 shares during the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.
A number of research analysts have recently issued reports on the stock. SunTrust Banks reiterated a “buy” rating and set a $87.00 price objective on shares of Godaddy in a report on Friday, November 2nd. TheStreet lowered shares of Godaddy from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Wedbush reissued a “neutral” rating on shares of Godaddy in a research report on Wednesday, October 24th. Citigroup raised shares of Godaddy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 11th. Finally, ValuEngine lowered shares of Godaddy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $77.60.
GDDY opened at $72.50 on Wednesday. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.73 and a current ratio of 0.73. Godaddy Inc has a fifty-two week low of $45.87 and a fifty-two week high of $84.97. The stock has a market cap of $12.66 billion, a P/E ratio of 172.62, a PEG ratio of 8.18 and a beta of 0.84.
Godaddy (NYSE:GDDY) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Godaddy had a net margin of 5.83% and a return on equity of 8.78%. The firm had revenue of $679.50 million for the quarter, compared to the consensus estimate of $673.79 million. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts predict that Godaddy Inc will post 0.53 EPS for the current fiscal year.
In other Godaddy news, EVP Arne Josefsberg sold 33,803 shares of Godaddy stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $73.45, for a total value of $2,482,830.35. Following the sale, the executive vice president now owns 33,348 shares of the company’s stock, valued at $2,449,410.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rebecca Morrow sold 367 shares of Godaddy stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $74.19, for a total transaction of $27,227.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,783,727 shares of company stock worth $589,281,142. Insiders own 7.63% of the company’s stock.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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