Godaddy Inc (GDDY) Position Lowered by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in Godaddy Inc (NYSE:GDDY) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,630 shares of the technology company’s stock after selling 6,753 shares during the period. California State Teachers Retirement System owned approximately 0.11% of Godaddy worth $11,831,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. US Bancorp DE grew its position in Godaddy by 10,297.6% in the fourth quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock valued at $214,000 after acquiring an additional 4,222 shares during the last quarter. California Public Employees Retirement System grew its position in Godaddy by 26.6% in the fourth 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 during the last quarter. Wells Fargo & Company MN grew its position in Godaddy by 199.4% in the fourth quarter. Wells Fargo & Company MN now owns 183,332 shares of the technology company’s stock valued at $9,219,000 after acquiring an additional 122,090 shares during the last quarter. State of Wisconsin Investment Board grew its position in Godaddy by 8.8% in the fourth quarter. State of Wisconsin Investment Board now owns 25,919 shares of the technology company’s stock valued at $1,303,000 after acquiring an additional 2,088 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Godaddy by 5.5% in the fourth quarter. Rhumbline Advisers now owns 120,511 shares of the technology company’s stock valued at $6,059,000 after acquiring an additional 6,278 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.

In related news, EVP Nima Kelly sold 661 shares of Godaddy stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $72.16, for a total value of $47,697.76. Following the transaction, the executive vice president now directly owns 53,312 shares of the company’s stock, valued at $3,846,993.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr 2006 Gp Llc sold 4,000,000 shares of Godaddy stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $70.73, for a total value of $282,920,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,478,260 shares of company stock worth $314,226,747. 7.63% of the stock is owned by insiders.

Godaddy stock opened at $70.57 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 4.04. The company has a market capitalization of $12.52 billion, a P/E ratio of 168.02, a P/E/G ratio of 8.33 and a beta of 0.58. Godaddy Inc has a one year low of $40.78 and a one year high of $75.18.

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 Zacks’ consensus estimate of $0.02. The company had revenue of $633.20 million for 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%. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share. equities analysts predict that Godaddy Inc will post 0.44 earnings per share for the current fiscal year.

A number of research analysts have issued reports on GDDY shares. ValuEngine upgraded Godaddy from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. William Blair reiterated a “buy” rating on shares of Godaddy in a research report on Monday, April 2nd. SunTrust Banks boosted their price target on Godaddy to $71.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. Goldman Sachs Group initiated coverage on Godaddy in a report on Friday, March 23rd. They set a “buy” rating on the stock. Finally, TheStreet cut Godaddy from a “b” rating to a “c+” rating in a report on Thursday, May 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Godaddy presently has an average rating of “Buy” and an average target price of $66.93.

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. 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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Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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