DekaBank Deutsche Girozentrale increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY – Free Report) by 10.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 14,769 shares of the technology company’s stock after acquiring an additional 1,431 shares during the period. DekaBank Deutsche Girozentrale’s holdings in GoDaddy were worth $1,123,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of GDDY. Rice Hall James & Associates LLC raised its stake in shares of GoDaddy by 49.4% during the first quarter. Rice Hall James & Associates LLC now owns 211,463 shares of the technology company’s stock valued at $17,699,000 after acquiring an additional 69,944 shares during the last quarter. HighTower Advisors LLC raised its stake in GoDaddy by 7.9% during the first quarter. HighTower Advisors LLC now owns 16,959 shares of the technology company’s stock worth $1,422,000 after buying an additional 1,246 shares during the last quarter. MetLife Investment Management LLC bought a new position in GoDaddy during the first quarter worth $345,000. Rhumbline Advisers boosted its stake in GoDaddy by 3.2% during the first quarter. Rhumbline Advisers now owns 138,312 shares of the technology company’s stock worth $11,577,000 after purchasing an additional 4,315 shares during the last quarter. Finally, Raymond James Trust NA raised its stake in GoDaddy by 30.8% during the first quarter. Raymond James Trust NA now owns 3,212 shares of the technology company’s stock worth $269,000 after purchasing an additional 757 shares during the last quarter. Institutional investors own 93.73% of the company’s shares.
Wall Street analysts weigh in
A number of equities analysts recently weighed in on the stock. Barclays cut their target price on shares of GoDaddy from $100.00 to $98.00 in a research note on Friday, May 5th. StockNews.com began coverage on shares of GoDaddy in a report on Thursday, May 18th. They issued a “buy” rating for the company. B. Riley began coverage on shares of GoDaddy in a report on Wednesday, June 28th. They issued a “buy” rating and a $102.00 target price for the company. Royal Bank of Canada started coverage on shares of GoDaddy in a report on Monday, June 5th. They issued a “sector perform” rating and a $80.00 target price for the company. Finally, Robert W. Baird started coverage on shares of GoDaddy in a report on Tuesday, April 11th. They issued an “outperform” rating and a $95.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.75, according to data from MarketBeat.com.
GoDaddy Price Performance
Shares of NYSE GDDY opened at $76.98 on Monday. The stock has a market cap of $11.89 billion, a P/E ratio of 36.83, a P/E/G ratio of 2.14 and a beta of 0.96. The company has a 50-day moving average price of $73.38 and a 200-day moving average price of $75.55. GoDaddy Inc. has a one year low of $64.65 and a one year high of $85.32.
GoDaddy (NYSE:GDDY – Get Your Free Report ) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.22). GoDaddy had a negative return on equity of 95.00% and a net margin of 8.03%. The company had revenue of $1.04 billion in the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted earnings per share of $0.41. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that GoDaddy Inc. will post 2.4 earnings per share for the current fiscal year.
Privileged buying and selling
In related news, CEO Amanpal Singh Bhutani sold 2,016 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $74.93, for a total transaction of $151,058.88. Following the transaction, the chief executive officer now directly owns 273,125 shares in the company, valued at $20,465,256.25. The transaction was disclosed in a filing with the SEC, which can be accessed the SEC website. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 2,016 shares of GoDaddy stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $74.93, for a total value of $151,058.88. Following the sale, the chief executive officer now owns 273,125 shares of the company’s stock, valued at $20,465,256.25. The sale was disclosed in a legal filing with the SEC, which can be accessed this hyperlink. Also, CAO Nick Daddario sold 341 shares of GoDaddy stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $75.37, for a total transaction of $25,701.17. Following the completion of the sale, the chief accounting officer now directly owns 20,722 shares in the company, valued at approximately $1,561,817.14. Disclosure of this sale can be found here. Over the last ninety days, insiders have sold 14,286 shares of company stock worth $1,072,436. 0.54% of the shares are owned by insiders.
GoDaddy profile
(Free report)
GoDaddy Inc is engaged in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce and Basic Platform. The Applications and Commerce segment offers application products, including Websites + Marketing, a mobile-optimized online tool that enables customers to create e-commerce-enabled websites and online stores; and Managed WordPress, a streamlined and optimized hosting platform that enables customers to build and manage a WordPress site faster and more securely and is offered with WooCommerce for selling online; and marketing tools and services, such as the GoDaddy Studio mobile app, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and attract customers and create content.
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