Profund Advisors LLC boosted its holdings in Godaddy Inc (NYSE:GDDY) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,064 shares of the technology company’s stock after purchasing an additional 1,333 shares during the quarter. Profund Advisors LLC’s holdings in Godaddy were worth $4,564,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its stake in Godaddy by 15.7% in the 1st quarter. BlackRock Inc. now owns 11,596,746 shares of the technology company’s stock worth $871,958,000 after purchasing an additional 1,576,019 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Godaddy by 5.5% in the 2nd quarter. Janus Henderson Group PLC now owns 8,369,171 shares of the technology company’s stock valued at $587,096,000 after buying an additional 436,616 shares in the last quarter. FMR LLC raised its position in shares of Godaddy by 32.6% in the 1st quarter. FMR LLC now owns 8,332,155 shares of the technology company’s stock valued at $626,495,000 after buying an additional 2,046,952 shares in the last quarter. Winslow Capital Management LLC raised its position in shares of Godaddy by 3.3% in the 2nd quarter. Winslow Capital Management LLC now owns 4,042,013 shares of the technology company’s stock valued at $283,547,000 after buying an additional 129,681 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Godaddy by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,660,300 shares of the technology company’s stock valued at $256,770,000 after buying an additional 94,900 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.
In related news, insider Nima Kelly sold 3,161 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $44.47, for a total transaction of $140,569.67. Following the completion of the transaction, the insider now directly owns 126,009 shares in the company, valued at approximately $5,603,620.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Raymond E. Winborne, Jr. sold 449 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $62.86, for a total transaction of $28,224.14. Following the transaction, the chief financial officer now owns 87,885 shares of the company’s stock, valued at $5,524,451.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,929 shares of company stock valued at $1,731,946. 12.64% of the stock is owned by corporate insiders.
GDDY stock traded up $0.59 during trading on Friday, reaching $66.29. 33,490 shares of the company were exchanged, compared to its average volume of 1,498,619. The company has a 50-day moving average of $66.22 and a two-hundred day moving average of $72.68. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 104.84, a P/E/G ratio of 7.40 and a beta of 0.68. Godaddy Inc has a twelve month low of $56.67 and a twelve month high of $84.97. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.85 and a quick ratio of 0.85.
Godaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The company had revenue of $737.20 million for the quarter, compared to analyst estimates of $735.40 million. Godaddy had a return on equity of 11.44% and a net margin of 1.98%. Godaddy’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, analysts forecast that Godaddy Inc will post 0.52 EPS for the current year.
Several equities analysts have recently commented on GDDY shares. SunTrust Banks set a $90.00 target price on shares of Godaddy and gave the company a “buy” rating in a research report on Monday, August 26th. Raymond James dropped their target price on shares of Godaddy from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. TheStreet cut shares of Godaddy from a “b” rating to a “c” rating in a research report on Tuesday, May 21st. Finally, ValuEngine cut shares of Godaddy from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $88.89.
Godaddy Company Profile
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.
Recommended Story: Trading Stocks – What are percentage gainers?
Want to see what other hedge funds are holding GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Godaddy Inc (NYSE:GDDY).
Receive News & Ratings for Godaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Godaddy and related companies with MarketBeat.com's FREE daily email newsletter.