Swiss National Bank boosted its holdings in GoDaddy (NYSE:GDDY) by 20.4% during the 1st quarter, HoldingsChannel reports. The fund owned 242,900 shares of the technology company’s stock after buying an additional 41,200 shares during the period. Swiss National Bank’s holdings in GoDaddy were worth $14,919,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System lifted its position in GoDaddy by 26.6% in the 4th quarter. California Public Employees Retirement System now owns 159,033 shares of the technology company’s stock valued at $7,996,000 after acquiring an additional 33,433 shares in the last quarter. Bank of New York Mellon Corp lifted its position in GoDaddy by 13.9% in the 4th quarter. Bank of New York Mellon Corp now owns 413,131 shares of the technology company’s stock valued at $20,772,000 after acquiring an additional 50,512 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in GoDaddy by 43.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,624 shares of the technology company’s stock valued at $333,000 after acquiring an additional 2,019 shares in the last quarter. Riverbridge Partners LLC bought a new position in GoDaddy in the 4th quarter valued at approximately $26,202,000. Finally, Millennium Management LLC lifted its position in GoDaddy by 13.6% in the 4th quarter. Millennium Management LLC now owns 416,370 shares of the technology company’s stock valued at $20,935,000 after acquiring an additional 49,739 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.
GDDY has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of GoDaddy from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. SunTrust Banks boosted their target price on shares of GoDaddy to $71.00 and gave the company a “buy” rating in a research note on Friday, March 23rd. Royal Bank of Canada boosted their target price on shares of GoDaddy to $69.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Deutsche Bank boosted their target price on shares of GoDaddy from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research lowered shares of GoDaddy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. GoDaddy presently has a consensus rating of “Buy” and a consensus target price of $66.93.
NYSE:GDDY opened at $70.79 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.04. The firm has a market capitalization of $12.19 billion, a PE ratio of 168.55, a P/E/G ratio of 8.55 and a beta of 0.55. GoDaddy has a one year low of $40.22 and a one year high of $71.81.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $633.20 million during the quarter, compared to analyst estimates of $622.54 million. GoDaddy had a return on equity of 11.05% and a net margin of 6.18%. GoDaddy’s revenue was up 29.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. sell-side analysts expect that GoDaddy will post 0.42 EPS for the current fiscal year.
In other news, Director Robert R. Parsons sold 8,000,000 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $59.21, for a total value of $473,680,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barbara J. Rechterman sold 35,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $1,963,150.00. Following the completion of the transaction, the insider now directly owns 46,113 shares of the company’s stock, valued at approximately $2,586,478.17. The disclosure for this sale can be found here. Insiders sold a total of 13,625,305 shares of company stock valued at $808,225,673 over the last 90 days. 7.63% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GoDaddy (NYSE:GDDY).
Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.