Global X Management Co. LLC reduced its position in Godaddy Inc (NYSE:GDDY) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,239 shares of the technology company’s stock after selling 4,851 shares during the quarter. Global X Management Co. LLC’s holdings in Godaddy were worth $867,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Godaddy by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after acquiring an additional 397 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Godaddy by 49.3% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock valued at $160,000 after purchasing an additional 1,213 shares during the last quarter. Aperio Group LLC grew its stake in Godaddy by 23.3% in the third quarter. Aperio Group LLC now owns 8,624 shares of the technology company’s stock valued at $375,000 after purchasing an additional 1,631 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Godaddy by 43.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,624 shares of the technology company’s stock valued at $333,000 after purchasing an additional 2,019 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Godaddy by 37.8% in the third quarter. Teacher Retirement System of Texas now owns 9,283 shares of the technology company’s stock valued at $404,000 after purchasing an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors own 84.84% of the company’s stock.
In other news, insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $49.83, for a total transaction of $1,744,050.00. Following the sale, the insider now owns 50,427 shares in the company, valued at $2,512,777.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rick Kimball sold 7,102,622 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $47.12, for a total value of $334,675,548.64. The disclosure for this sale can be found here. Insiders have sold 7,789,449 shares of company stock worth $369,124,793 in the last 90 days. Insiders own 22.68% of the company’s stock.
Several equities analysts have issued reports on GDDY shares. BidaskClub upgraded Godaddy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 28th. Zacks Investment Research lowered Godaddy from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Piper Jaffray Companies lifted their target price on Godaddy from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, November 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Wednesday, November 22nd. Finally, B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $52.86.
Shares of Godaddy Inc (NYSE GDDY) opened at $55.78 on Tuesday. Godaddy Inc has a 52 week low of $35.72 and a 52 week high of $56.20. The firm has a market capitalization of $9,281.01, a PE ratio of 214.55, a PEG ratio of 5.83 and a beta of 0.72. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15.
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Godaddy Company Profile
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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