Harel Insurance Investments & Financial Services Ltd. grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,340 shares of the technology company’s stock after acquiring an additional 166 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in GoDaddy were worth $1,068,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of GDDY. FMR LLC increased its position in shares of GoDaddy by 10.6% in the fourth quarter. FMR LLC now owns 11,149,934 shares of the technology company’s stock valued at $924,888,000 after acquiring an additional 1,067,110 shares during the last quarter. Select Equity Group L.P. increased its position in shares of GoDaddy by 7.2% during the 4th quarter. Select Equity Group L.P. now owns 10,592,681 shares of the technology company’s stock worth $878,663,000 after purchasing an additional 711,462 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of GoDaddy by 0.7% during the 4th quarter. William Blair Investment Management LLC now owns 2,541,286 shares of the technology company’s stock worth $210,800,000 after purchasing an additional 16,686 shares in the last quarter. Norges Bank acquired a new stake in shares of GoDaddy in the 4th quarter valued at approximately $135,675,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of GoDaddy by 3.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,392,940 shares of the technology company’s stock valued at $115,544,000 after buying an additional 47,854 shares in the last quarter. 97.22% of the stock is owned by institutional investors.
In other GoDaddy news, CAO Nick Daddario sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $85.83, for a total value of $128,745.00. Following the sale, the chief accounting officer now owns 6,462 shares of the company’s stock, valued at approximately $554,633.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Raymond E. Winborne, Jr. sold 58,297 shares of GoDaddy stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $84.53, for a total value of $4,927,845.41. Following the completion of the transaction, the chief financial officer now owns 187,643 shares in the company, valued at approximately $15,861,462.79. The disclosure for this sale can be found here. Insiders have sold 97,569 shares of company stock valued at $8,182,922 in the last ninety days. 0.52% of the stock is currently owned by company insiders.
Shares of GDDY opened at $85.48 on Tuesday. GoDaddy Inc. has a 12 month low of $64.56 and a 12 month high of $93.75. The firm’s 50 day moving average is $81.54 and its 200-day moving average is $80.65. The stock has a market capitalization of $14.54 billion, a PE ratio of -27.57, a P/E/G ratio of 1.97 and a beta of 0.96.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 11th. The technology company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The firm had revenue of $873.90 million for the quarter, compared to analyst estimates of $865.17 million. GoDaddy had a positive return on equity of 94.14% and a negative net margin of 15.67%. As a group, sell-side analysts forecast that GoDaddy Inc. will post 1.27 EPS for the current year.
A number of brokerages have commented on GDDY. Raymond James increased their price target on shares of GoDaddy from $96.00 to $107.00 and gave the company a “strong-buy” rating in a research note on Friday, February 12th. Wolfe Research initiated coverage on GoDaddy in a research report on Wednesday, March 31st. They set an “outperform” rating and a $92.00 price target on the stock. Oppenheimer raised their price objective on GoDaddy from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, February 12th. Rosenblatt Securities lifted their target price on GoDaddy from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. Finally, Zacks Investment Research downgraded GoDaddy from a “hold” rating to a “sell” rating and set a $87.00 price target for the company. in a report on Wednesday, April 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $97.76.
GoDaddy Company Profile
GoDaddy Inc engages in the design and development of cloud-based technology products 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. It also offers shared Website hosting products that provide various applications and products such as web analytics, SSL certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.
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