Penserra Capital Management LLC acquired a new stake in Godaddy Inc (NYSE:GDDY) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,002 shares of the technology company’s stock, valued at approximately $375,000.
A number of other hedge funds and other institutional investors have also modified their holdings of GDDY. Tocqueville Asset Management L.P. raised its stake in shares of Godaddy by 2.1% during 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 during the period. Parallel Advisors LLC grew its holdings 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 buying an additional 207 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Godaddy by 65.4% during the first quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock worth $43,000 after purchasing an additional 227 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Godaddy by 2.7% during the fourth quarter. WINTON GROUP Ltd now owns 9,989 shares of the technology company’s stock worth $655,000 after purchasing an additional 265 shares in the last quarter. Finally, Flinton Capital Management LLC purchased a new position in shares of Godaddy during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 97.54% of the company’s stock.
Shares of Godaddy stock traded up $1.21 during trading on Monday, hitting $71.25. 1,506,593 shares of the company’s stock traded hands, compared to its average volume of 1,488,067. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.72. Godaddy Inc has a 1 year low of $56.67 and a 1 year high of $84.97. The stock has a market cap of $12.41 billion, a PE ratio of 113.10, a P/E/G ratio of 5.64 and a beta of 0.75. The stock has a 50-day simple moving average of $75.28.
Godaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). Godaddy had a net margin of 3.17% and a return on equity of 11.89%. The business had revenue of $710.00 million for the quarter, compared to analysts’ expectations of $711.18 million. During the same period last year, the business earned $0.02 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Research analysts expect that Godaddy Inc will post 0.73 EPS for the current year.
In other news, insider Nima Kelly sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $76.00, for a total value of $76,000.00. Following the transaction, the insider now owns 119,451 shares of the company’s stock, valued at $9,078,276. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arne Josefsberg sold 39,571 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $73.53, for a total value of $2,909,655.63. Following the completion of the transaction, the executive vice president now directly owns 11,408 shares in the company, valued at approximately $838,830.24. The disclosure for this sale can be found here. Insiders sold 174,131 shares of company stock worth $13,014,345 in the last ninety days. Corporate insiders own 12.64% of the company’s stock.
GDDY has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Godaddy to $83.00 and gave the company a “neutral” rating in a research report on Thursday, February 21st. Zacks Investment Research upgraded Godaddy from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Tuesday, April 30th. Barclays restated a “buy” rating and set a $90.00 target price on shares of Godaddy in a report on Monday, May 6th. TheStreet upgraded Godaddy from a “c+” rating to a “b” rating in a report on Thursday, February 21st. Finally, ValuEngine cut Godaddy from a “buy” rating to a “hold” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $89.25.
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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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