Bessemer Group Inc. boosted its holdings in shares of Godaddy Inc (NYSE:GDDY) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,944 shares of the technology company’s stock after buying an additional 2,407 shares during the quarter. Bessemer Group Inc.’s holdings in Godaddy were worth $1,243,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in shares of Godaddy by 10.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 24,500 shares of the technology company’s stock valued at $1,608,000 after buying an additional 2,400 shares during the last quarter. Northern Trust Corp grew its position in shares of Godaddy by 8.1% in the 4th quarter. Northern Trust Corp now owns 983,575 shares of the technology company’s stock valued at $64,542,000 after buying an additional 73,829 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Godaddy in the 4th quarter valued at $255,000. Standard Life Aberdeen plc grew its position in shares of Godaddy by 7.8% in the 4th quarter. Standard Life Aberdeen plc now owns 8,717 shares of the technology company’s stock valued at $554,000 after buying an additional 631 shares during the last quarter. Finally, Monashee Investment Management LLC purchased a new position in shares of Godaddy in the 4th quarter valued at $1,247,000. Institutional investors own 98.94% of the company’s stock.
In related news, CRO Ah Kee Andrew Low sold 8,610 shares of the stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $646,955.40. Following the completion of the sale, the executive now owns 52,654 shares in the company, valued at approximately $3,956,421.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven Aldrich sold 35,000 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $75.22, for a total transaction of $2,632,700.00. Following the sale, the insider now owns 62,596 shares of the company’s stock, valued at approximately $4,708,471.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 236,438 shares of company stock valued at $16,705,911. 7.63% of the stock is owned by company insiders.
A number of research analysts recently commented on GDDY shares. Zacks Investment Research raised shares of Godaddy from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. Morgan Stanley set a $88.00 target price on shares of Godaddy and gave the company a “buy” rating in a research report on Wednesday, November 28th. JPMorgan Chase & Co. increased their target price on shares of Godaddy to $83.00 and gave the company a “neutral” rating in a research report on Thursday, February 21st. Citigroup increased their target price on shares of Godaddy from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. Finally, TheStreet raised shares of Godaddy from a “c+” rating to a “b” rating in a research report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $85.17.
Shares of NYSE:GDDY opened at $75.17 on Friday. The firm has a market cap of $13.16 billion, a P/E ratio of 119.32, a price-to-earnings-growth ratio of 5.37 and a beta of 0.66. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.90. Godaddy Inc has a 1-year low of $56.67 and a 1-year high of $84.97.
Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.15. The firm had revenue of $696.00 million during the quarter, compared to analysts’ expectations of $693.41 million. Godaddy had a net margin of 2.90% and a return on equity of 11.91%. Godaddy’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, research analysts expect that Godaddy Inc will post 0.82 earnings per share for the current fiscal year.
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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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