Godaddy Inc (NYSE:GDDY) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. lessened its holdings in Godaddy Inc (NYSE:GDDY) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,218 shares of the technology company’s stock after selling 7,459 shares during the quarter. Macquarie Group Ltd.’s holdings in Godaddy were worth $1,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tocqueville Asset Management L.P. lifted its holdings in shares of Godaddy by 2.1% in the 4th quarter. Tocqueville Asset Management L.P. now owns 7,300 shares of the technology company’s stock worth $479,000 after purchasing an additional 150 shares in the last quarter. Nordea Investment Management AB lifted its stake in Godaddy by 3.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,392 shares of the technology company’s stock valued at $449,000 after acquiring an additional 161 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Godaddy by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 19,773 shares of the technology company’s stock valued at $1,297,000 after acquiring an additional 161 shares in the last quarter. Parallel Advisors LLC lifted its stake in Godaddy by 15.8% during the 4th quarter. Parallel Advisors LLC now owns 1,516 shares of the technology company’s stock valued at $99,000 after acquiring an additional 207 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Godaddy by 2.7% during the 4th quarter. WINTON GROUP Ltd now owns 9,989 shares of the technology company’s stock valued at $655,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Shares of NYSE GDDY traded down $1.85 during midday trading on Friday, hitting $79.38. 2,968,799 shares of the company’s stock were exchanged, compared to its average volume of 1,523,604. Godaddy Inc has a 12-month low of $56.67 and a 12-month high of $84.97. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 126.00, a PEG ratio of 5.85 and a beta of 0.67.

Godaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.05). Godaddy had a return on equity of 11.91% and a net margin of 2.90%. The business had revenue of $710.00 million for the quarter, compared to analysts’ expectations of $711.18 million. During the same period in the previous year, the firm posted $0.02 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts predict that Godaddy Inc will post 0.82 earnings per share for the current year.

In other Godaddy news, insider Steven Aldrich sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $75.22, for a total value of $2,632,700.00. Following the completion of the sale, the insider now owns 62,596 shares in the company, valued at $4,708,471.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nima Kelly sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $79.48, for a total value of $79,480.00. Following the transaction, the insider now directly owns 119,451 shares in the company, valued at $9,493,965.48. The disclosure for this sale can be found here. Insiders sold a total of 267,290 shares of company stock valued at $20,182,928 in the last 90 days. 7.63% of the stock is currently owned by corporate insiders.

GDDY has been the topic of several recent analyst reports. Zacks Investment Research cut Godaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Citigroup lifted their target price on Godaddy from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, February 21st. Morgan Stanley lifted their target price on Godaddy from $88.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, February 21st. SunTrust Banks reiterated a “buy” rating and set a $89.00 target price on shares of Godaddy in a research note on Monday, April 29th. Finally, Barclays lifted their target price on Godaddy from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $85.17.

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Godaddy Profile

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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Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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