United Services Automobile Association grew its holdings in shares of Godaddy Inc (NYSE:GDDY) by 55.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,519 shares of the technology company’s stock after acquiring an additional 54,473 shares during the period. United Services Automobile Association owned 0.09% of Godaddy worth $12,802,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of GDDY. Aperio Group LLC boosted its position in shares of Godaddy by 82.1% during the 3rd quarter. Aperio Group LLC now owns 31,827 shares of the technology company’s stock worth $2,654,000 after purchasing an additional 14,347 shares in the last quarter. IBM Retirement Fund bought a new position in shares of Godaddy during the 3rd quarter worth about $218,000. Swiss National Bank boosted its position in shares of Godaddy by 4.3% during the 3rd quarter. Swiss National Bank now owns 513,500 shares of the technology company’s stock worth $42,821,000 after purchasing an additional 21,400 shares in the last quarter. US Bancorp DE boosted its position in shares of Godaddy by 25.6% during the 2nd quarter. US Bancorp DE now owns 7,649 shares of the technology company’s stock worth $540,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Godaddy by 154.4% during the 2nd quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock worth $119,738,000 after purchasing an additional 1,029,426 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.
In other Godaddy news, insider Steven Aldrich sold 25,000 shares of Godaddy stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $83.06, for a total transaction of $2,076,500.00. Following the transaction, the insider now owns 52,596 shares of the company’s stock, valued at approximately $4,368,623.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nima Kelly sold 661 shares of Godaddy stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $80.41, for a total transaction of $53,151.01. Following the transaction, the executive vice president now directly owns 52,075 shares in the company, valued at approximately $4,187,350.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,761 shares of company stock worth $8,474,173. Insiders own 7.63% of the company’s stock.
Shares of NYSE GDDY opened at $63.72 on Friday. Godaddy Inc has a fifty-two week low of $47.61 and a fifty-two week high of $84.97. The stock has a market capitalization of $11.43 billion, a P/E ratio of 151.71, a price-to-earnings-growth ratio of 11.43 and a beta of 0.79. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 3.29.
Godaddy (NYSE:GDDY) last posted its earnings results on Tuesday, November 6th. The technology company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10). Godaddy had a return on equity of 8.01% and a net margin of 4.96%. The firm had revenue of $679.50 million for the quarter, compared to the consensus estimate of $673.79 million. During the same period in the prior year, the business earned $0.17 EPS. Godaddy’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, sell-side analysts expect that Godaddy Inc will post 0.34 earnings per share for the current year.
Several brokerages recently weighed in on GDDY. Zacks Investment Research raised shares of Godaddy from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday, October 1st. Citigroup raised shares of Godaddy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 11th. Morgan Stanley set a $85.00 price target on shares of Godaddy and gave the company a “buy” rating in a research report on Wednesday, November 7th. TheStreet cut shares of Godaddy from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Finally, Wedbush reaffirmed a “neutral” rating on shares of Godaddy in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Godaddy currently has an average rating of “Buy” and an average target price of $78.07.
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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