Tibra Equities Europe Ltd bought a new stake in Godaddy Inc (NYSE:GDDY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,200 shares of the technology company’s stock, valued at approximately $1,597,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Serengeti Asset Management LP acquired a new position in shares of Godaddy during the third quarter worth $1,979,000. Mackay Shields LLC lifted its position in shares of Godaddy by 2.4% during the third quarter. Mackay Shields LLC now owns 211,576 shares of the technology company’s stock worth $13,960,000 after purchasing an additional 5,008 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Godaddy by 77.2% during the third quarter. IFM Investors Pty Ltd now owns 20,647 shares of the technology company’s stock worth $1,362,000 after purchasing an additional 8,992 shares in the last quarter. Sciencast Management LP lifted its position in shares of Godaddy by 209.9% during the third quarter. Sciencast Management LP now owns 20,700 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 14,020 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Godaddy during the third quarter worth $293,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.
GDDY traded down $4.41 during trading on Friday, hitting $68.63. The company had a trading volume of 1,948,143 shares, compared to its average volume of 1,693,331. The company has a market cap of $11.10 billion, a PE ratio of 108.93, a P/E/G ratio of 9.25 and a beta of 0.68. The business has a 50-day moving average of $64.48 and a 200-day moving average of $69.62. 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 Inc has a 1-year low of $56.67 and a 1-year high of $82.30.
Godaddy (NYSE:GDDY) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.42 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $761.04 million. During the same period in the prior year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Research analysts forecast that Godaddy Inc will post 0.48 earnings per share for the current year.
In other Godaddy news, Director Brian Sharples sold 850 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were 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 owns 11,798 shares in the company, valued at $734,543.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Raymond E. Winborne, Jr. sold 449 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $62.86, for a total transaction of $28,224.14. Following the sale, the chief financial officer now owns 87,885 shares of the company’s stock, valued at approximately $5,524,451.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,351 shares of company stock valued at $469,536. 12.64% of the stock is owned by insiders.
Several analysts recently issued reports on GDDY shares. SunTrust Banks reaffirmed a “buy” rating and issued a $90.00 price target on shares of Godaddy in a report on Friday, November 1st. Wedbush reaffirmed 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. 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. Finally, ValuEngine cut shares of Godaddy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Godaddy currently has an average rating of “Buy” and an average 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.
Recommended Story: What is a CD ladder?
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.