Zeke Capital Advisors LLC acquired a new stake in shares of Godaddy Inc (NYSE:GDDY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,532 shares of the technology company’s stock, valued at approximately $1,712,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC bought a new position in shares of Godaddy during the 2nd quarter worth approximately $138,000. O Shaughnessy Asset Management LLC bought a new position in shares of Godaddy during the 3rd quarter worth approximately $150,000. Itau Unibanco Holding S.A. bought a new position in shares of Godaddy during the 2nd quarter worth approximately $189,000. IBM Retirement Fund bought a new position in shares of Godaddy during the 3rd quarter worth approximately $218,000. Finally, Redpoint Investment Management Pty Ltd bought a new position in shares of Godaddy during the 2nd quarter worth approximately $221,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE GDDY traded up $1.09 during midday trading on Thursday, hitting $65.88. The stock had a trading volume of 1,694,172 shares, compared to its average volume of 1,706,381. The stock has a market capitalization of $11.24 billion, a P/E ratio of 156.86, a price-to-earnings-growth ratio of 11.24 and a beta of 0.79. Godaddy Inc has a fifty-two week low of $46.68 and a fifty-two week high of $84.97. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.71 and a current ratio of 0.71.
Godaddy (NYSE:GDDY) last released its earnings results on Tuesday, November 6th. The technology company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10). Godaddy had a net margin of 4.96% and a return on equity of 8.01%. The firm had revenue of $679.50 million during the quarter, compared to analyst estimates of $673.79 million. During the same period last year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts forecast that Godaddy Inc will post 0.34 earnings per share for the current fiscal year.
Several equities analysts recently commented on GDDY shares. Zacks Investment Research upgraded Godaddy from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Monday, October 1st. Citigroup raised Godaddy from a “neutral” rating to a “buy” rating in a report on Thursday, October 11th. Morgan Stanley set a $85.00 price target on Godaddy and gave the company a “buy” rating in a report on Wednesday, November 7th. TheStreet cut Godaddy from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Finally, Wedbush reaffirmed a “neutral” rating on shares of Godaddy in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $78.07.
In related news, insider Rebecca Morrow sold 367 shares of Godaddy stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $74.19, for a total transaction of $27,227.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nima Kelly sold 530 shares of Godaddy stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $66.74, for a total value of $35,372.20. Following the sale, the insider now directly owns 96,986 shares of the company’s stock, valued at $6,472,845.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,761 shares of company stock valued at $8,474,173. 7.63% of the stock is owned by insiders.
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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. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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