Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 142.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,605 shares of the technology company’s stock after acquiring an additional 2,707 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GoDaddy were worth $195,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of GoDaddy by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 163,361 shares of the technology company’s stock valued at $6,192,000 after acquiring an additional 1,524 shares during the last quarter. Teachers Advisors LLC increased its position in shares of GoDaddy by 30.4% during the fourth quarter. Teachers Advisors LLC now owns 61,926 shares of the technology company’s stock valued at $2,164,000 after acquiring an additional 14,419 shares during the last quarter. Vanguard Group Inc. increased its position in shares of GoDaddy by 6.8% during the first quarter. Vanguard Group Inc. now owns 5,955,674 shares of the technology company’s stock valued at $225,720,000 after acquiring an additional 380,343 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of GoDaddy by 16.1% during the first quarter. UBS Asset Management Americas Inc. now owns 31,770 shares of the technology company’s stock valued at $1,204,000 after acquiring an additional 4,403 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of GoDaddy by 18.4% during the first quarter. Geode Capital Management LLC now owns 384,671 shares of the technology company’s stock valued at $14,578,000 after acquiring an additional 59,759 shares during the last quarter. Institutional investors and hedge funds own 77.88% of the company’s stock.
A number of equities research analysts have weighed in on GDDY shares. BidaskClub cut shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Cantor Fitzgerald reiterated a “hold” rating on shares of GoDaddy in a research report on Monday, June 26th. Stifel Nicolaus set a $41.00 price target on shares of GoDaddy and gave the company a “hold” rating in a research report on Friday, June 23rd. Oppenheimer Holdings, Inc. lifted their price objective on shares of GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of GoDaddy in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.47.
In other GoDaddy news, insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $42.23, for a total value of $1,478,050.00. Following the completion of the sale, the insider now owns 54,741 shares of the company’s stock, valued at $2,311,712.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Auguste Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $42.32, for a total transaction of $42,320.00. Following the completion of the sale, the insider now directly owns 6,491 shares of the company’s stock, valued at approximately $274,699.12. The disclosure for this sale can be found here. Insiders sold 12,319,948 shares of company stock valued at $537,859,952 in the last ninety days. 25.70% of the stock is owned by corporate insiders.
GoDaddy Inc. (NYSE:GDDY) opened at 43.81 on Friday. The company has a 50-day moving average of $43.87 and a 200-day moving average of $40.56. The stock has a market cap of $4.87 billion, a P/E ratio of 344.96 and a beta of 0.64. GoDaddy Inc. has a 52 week low of $31.63 and a 52 week high of $44.22.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The company had revenue of $557.80 million during the quarter, compared to the consensus estimate of $551.26 million. During the same quarter last year, the company earned ($0.11) earnings per share. GoDaddy’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that GoDaddy Inc. will post $0.33 EPS for the current fiscal year.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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