First Trust Advisors LP cut its holdings in shares of Godaddy Inc (NYSE:GDDY) by 10.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,534,421 shares of the technology company’s stock after selling 284,332 shares during the quarter. First Trust Advisors LP owned 1.42% of Godaddy worth $167,221,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in shares of Godaddy by 7.4% during the third quarter. Daiwa Securities Group Inc. now owns 48,130 shares of the technology company’s stock worth $3,176,000 after purchasing an additional 3,325 shares during the period. Tibra Equities Europe Ltd bought a new position in Godaddy in the third quarter valued at approximately $1,597,000. Serengeti Asset Management LP bought a new position in Godaddy in the third quarter valued at approximately $1,979,000. Mackay Shields LLC increased its stake in Godaddy by 2.4% in the third quarter. Mackay Shields LLC now owns 211,576 shares of the technology company’s stock valued at $13,960,000 after acquiring an additional 5,008 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its stake in Godaddy by 77.2% in the third quarter. IFM Investors Pty Ltd now owns 20,647 shares of the technology company’s stock valued at $1,362,000 after acquiring an additional 8,992 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.
In other Godaddy news, CFO Raymond E. Winborne, Jr. sold 449 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $62.86, for a total value of $28,224.14. Following the completion of the sale, the chief financial officer now directly owns 87,885 shares of the company’s stock, valued at approximately $5,524,451.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Sharples sold 850 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $62.26, for a total transaction of $52,921.00. Following the completion of the sale, the director now directly owns 11,798 shares of the company’s stock, valued at $734,543.48. The disclosure for this sale can be found here. Insiders sold a total of 7,351 shares of company stock valued at $469,536 over the last ninety days. 12.64% of the stock is currently owned by insiders.
GDDY traded down $4.03 during midday trading on Friday, hitting $69.00. The company had a trading volume of 2,775,796 shares, compared to its average volume of 1,602,668. Godaddy Inc has a 52 week low of $56.67 and a 52 week high of $82.30. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 109.52, a PEG ratio of 9.25 and a beta of 0.68. The stock’s 50 day moving average price is $64.48 and its 200 day moving average price is $69.62.
Godaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.20. Godaddy had a net margin of 1.98% and a return on equity of 11.44%. The firm had revenue of $760.50 million during the quarter, compared to the consensus estimate of $761.04 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Research analysts predict that Godaddy Inc will post 0.48 EPS for the current year.
A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Godaddy from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Wedbush reiterated a “neutral” rating on shares of Godaddy in a report on Monday. Raymond James cut their price target on shares of Godaddy from $86.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. SunTrust Banks reiterated a “buy” rating and set a $90.00 price target on shares of Godaddy in a report on Friday, November 1st. Finally, Piper Jaffray Companies cut their price target on shares of Godaddy from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $88.63.
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.
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