Parkside Financial Bank & Trust increased its holdings in Godaddy Inc (NYSE:GDDY) by 40.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,738 shares of the technology company’s stock after buying an additional 501 shares during the period. Parkside Financial Bank & Trust’s holdings in Godaddy were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Godaddy in the second quarter valued at approximately $27,000. Commonwealth Bank of Australia increased its stake in Godaddy by 80.1% in the second quarter. Commonwealth Bank of Australia now owns 508 shares of the technology company’s stock valued at $35,000 after acquiring an additional 226 shares during the last quarter. CSat Investment Advisory L.P. bought a new position in Godaddy in the second quarter valued at approximately $66,000. Coastal Investment Advisors Inc. bought a new position in Godaddy in the third quarter valued at approximately $99,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Godaddy by 57.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the technology company’s stock valued at $154,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.
A number of research analysts recently issued reports on the stock. Piper Jaffray Companies decreased their price objective on shares of Godaddy from $92.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday. Barclays lifted their price objective on shares of Godaddy from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. SunTrust Banks reissued a “buy” rating and issued a $90.00 price objective on shares of Godaddy in a research note on Friday, November 1st. ValuEngine cut shares of Godaddy from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Wedbush reissued a “neutral” rating on shares of Godaddy in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Godaddy currently has an average rating of “Buy” and an average price target of $88.63.
Shares of NYSE GDDY traded up $0.06 during midday trading on Monday, reaching $69.06. 824,960 shares of the company were exchanged, compared to its average volume of 1,602,668. The stock’s 50-day moving average price is $64.51 and its 200-day moving average price is $69.57. The stock has a market cap of $11.10 billion, a P/E ratio of 109.62, a PEG ratio of 9.25 and a beta of 0.68. Godaddy Inc has a one year low of $56.67 and a one year high of $82.30. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64.
Godaddy (NYSE:GDDY) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.20. The firm had revenue of $760.50 million for the quarter, compared to analysts’ expectations of $761.04 million. Godaddy had a net margin of 1.98% and a return on equity of 11.44%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities research analysts anticipate that Godaddy Inc will post 0.48 EPS for the current year.
In other Godaddy news, Director Brian Sharples sold 850 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $62.26, for a total transaction of $52,921.00. Following the sale, the director now owns 11,798 shares of the company’s stock, valued at $734,543.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nima Kelly sold 1,160 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $65.52, for a total transaction of $76,003.20. Following the sale, the insider now directly owns 123,262 shares in the company, valued at approximately $8,076,126.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,351 shares of company stock worth $469,536. Insiders own 12.64% 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. 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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