Aperio Group LLC boosted its position in shares of Godaddy Inc (NYSE:GDDY) by 82.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 31,827 shares of the technology company’s stock after purchasing an additional 14,347 shares during the period. Aperio Group LLC’s holdings in Godaddy were worth $2,654,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Amalgamated Bank grew its stake in Godaddy by 30.4% during the second quarter. Amalgamated Bank now owns 35,017 shares of the technology company’s stock valued at $2,472,000 after acquiring an additional 8,157 shares in the last quarter. US Bancorp DE grew its stake in Godaddy by 25.6% in the 2nd quarter. US Bancorp DE now owns 7,649 shares of the technology company’s stock worth $540,000 after buying an additional 1,560 shares in the last quarter. Bank of America Corp DE grew its stake in Godaddy by 154.4% in the 2nd quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock worth $119,738,000 after buying an additional 1,029,426 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Godaddy in the 2nd quarter worth approximately $384,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Godaddy in the 2nd quarter worth approximately $189,000. 93.88% of the stock is owned by institutional investors.
A number of research firms have commented on GDDY. Wedbush reissued a “neutral” rating and issued a $85.00 price target on shares of Godaddy in a research note on Thursday, September 13th. Zacks Investment Research raised shares of Godaddy from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Monday, October 1st. TheStreet raised shares of Godaddy from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. Barclays boosted their price target on shares of Godaddy from $77.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $90.00 price target on shares of Godaddy in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Godaddy currently has a consensus rating of “Buy” and an average target price of $77.60.
Shares of GDDY opened at $72.50 on Wednesday. The company has a market capitalization of $12.66 billion, a PE ratio of 172.62, a price-to-earnings-growth ratio of 8.18 and a beta of 0.84. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.73 and a quick ratio of 0.73. Godaddy Inc has a fifty-two week low of $45.87 and a fifty-two week high of $84.97.
Godaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). The business had revenue of $679.50 million during the quarter, compared to the consensus estimate of $673.79 million. Godaddy had a return on equity of 8.78% and a net margin of 5.83%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Equities research analysts expect that Godaddy Inc will post 0.53 earnings per share for the current year.
In other news, Director Robert R. Parsons sold 3,890,942 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $75.61, for a total value of $294,194,124.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rebecca Morrow sold 367 shares of the business’s stock in a transaction that occurred on 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. Over the last 90 days, insiders sold 7,783,727 shares of company stock valued at $589,281,142. Company insiders own 7.63% of the company’s stock.
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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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