Raymond James Financial Services Advisors Inc. raised its holdings in GoDaddy Inc. (NYSE:GDDY) by 51.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 34,072 shares of the technology company’s stock after acquiring an additional 11,526 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in GoDaddy were worth $2,375,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in GDDY. Capital International Investors increased its position in GoDaddy by 31.0% in the 2nd quarter. Capital International Investors now owns 13,391,679 shares of the technology company’s stock valued at $1,164,984,000 after acquiring an additional 3,165,950 shares during the period. North Peak Capital Management LLC bought a new stake in shares of GoDaddy in the 2nd quarter valued at $156,425,000. BlueSpruce Investments LP boosted its stake in shares of GoDaddy by 34.5% in the 2nd quarter. BlueSpruce Investments LP now owns 5,576,660 shares of the technology company’s stock valued at $484,946,000 after purchasing an additional 1,429,615 shares during the last quarter. Blacksheep Fund Management Ltd boosted its stake in shares of GoDaddy by 24.7% in the 2nd quarter. Blacksheep Fund Management Ltd now owns 1,963,813 shares of the technology company’s stock valued at $170,773,000 after purchasing an additional 389,355 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of GoDaddy by 3.5% in the 2nd quarter. FMR LLC now owns 11,242,131 shares of the technology company’s stock valued at $977,616,000 after purchasing an additional 380,020 shares during the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.
In other news, CFO Mark Mccaffrey sold 4,408 shares of the stock in a transaction dated Tuesday, January 4th. The shares were sold at an average price of $84.37, for a total value of $371,902.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles J. Robel sold 30,000 shares of the stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $74.16, for a total transaction of $2,224,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,867 shares of company stock valued at $2,717,702. 0.38% of the stock is currently owned by corporate insiders.
GoDaddy stock opened at $76.82 on Friday. GoDaddy Inc. has a 1-year low of $65.70 and a 1-year high of $93.75. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 58.20, a price-to-earnings-growth ratio of 4.39 and a beta of 1.01. The firm’s fifty day moving average price is $73.24 and its two-hundred day moving average price is $75.34.
GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Wednesday, November 3rd. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.23. GoDaddy had a net margin of 6.15% and a negative return on equity of 419.14%. The firm had revenue of $964.00 million for the quarter, compared to analyst estimates of $945.90 million. During the same period last year, the firm earned $0.38 earnings per share. As a group, sell-side analysts forecast that GoDaddy Inc. will post 1.29 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Raymond James reduced their price objective on shares of GoDaddy from $108.00 to $100.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 4th. Berenberg Bank began coverage on shares of GoDaddy in a research note on Monday, October 25th. They issued a “buy” rating and a $99.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of GoDaddy from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research note on Friday, November 5th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $97.54.
GoDaddy, Inc engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons on January 1997 and is headquartered in Scottsdale, AZ.
Want More Great Investing Ideas?