World Asset Management Inc raised its stake in shares of Godaddy Inc (NYSE:GDDY) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,777 shares of the technology company’s stock after acquiring an additional 194 shares during the quarter. World Asset Management Inc’s holdings in Godaddy were worth $405,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Berman Capital Advisors LLC boosted its stake in Godaddy by 205.4% during the 1st quarter. Berman Capital Advisors LLC now owns 452 shares of the technology company’s stock valued at $33,000 after acquiring an additional 304 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Godaddy by 65.4% in the 1st quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock worth $43,000 after buying an additional 227 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of Godaddy in the 1st quarter worth about $45,000. Signaturefd LLC lifted its position in shares of Godaddy by 36.0% in the 1st quarter. Signaturefd LLC now owns 722 shares of the technology company’s stock worth $54,000 after buying an additional 191 shares during the last quarter. Finally, Cerebellum GP LLC bought a new position in shares of Godaddy in the 1st quarter worth about $97,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.
A number of research firms have recently issued reports on GDDY. Barclays restated a “buy” rating and issued a $90.00 price target on shares of Godaddy in a research report on Monday, May 6th. Morgan Stanley set a $95.00 price target on shares of Godaddy and gave the stock a “buy” rating in a research report on Friday, May 3rd. ValuEngine downgraded shares of Godaddy from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Godaddy from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Tuesday, April 30th. Finally, SunTrust Banks restated a “buy” rating and issued a $90.00 price target on shares of Godaddy in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $88.89.
Godaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). The firm had revenue of $737.20 million during the quarter, compared to the consensus estimate of $735.40 million. Godaddy had a net margin of 1.98% and a return on equity of 11.89%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. Equities research analysts anticipate that Godaddy Inc will post 0.73 EPS for the current year.
In related news, insider Rebecca Morrow sold 384 shares of Godaddy stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $74.90, for a total value of $28,761.60. Following the sale, the insider now directly owns 8,316 shares in the company, valued at approximately $622,868.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Scott Wagner sold 37,000 shares of Godaddy stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $73.87, for a total transaction of $2,733,190.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,841 shares of company stock worth $5,842,100. 12.64% of the stock is currently owned by insiders.
Godaddy Company 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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