Profund Advisors LLC lessened its stake in shares of Godaddy Inc (NYSE:GDDY) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,231 shares of the technology company’s stock after selling 5,938 shares during the quarter. Profund Advisors LLC’s holdings in Godaddy were worth $3,072,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Arlington Partners LLC acquired a new stake in shares of Godaddy during the fourth quarter worth $31,000. Quadrant Capital Group LLC increased its position in shares of Godaddy by 38.3% during the fourth quarter. Quadrant Capital Group LLC now owns 560 shares of the technology company’s stock worth $33,000 after acquiring an additional 155 shares during the last quarter. Cordasco Financial Network increased its position in shares of Godaddy by 175.0% during the fourth quarter. Cordasco Financial Network now owns 550 shares of the technology company’s stock worth $37,000 after acquiring an additional 350 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Godaddy in the fourth quarter valued at about $46,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Godaddy by 1,035.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,158 shares of the technology company’s stock valued at $79,000 after buying an additional 1,056 shares during the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.
In related news, insider Nima Kelly sold 661 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $61.25, for a total transaction of $40,486.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Raymond E. Winborne, Jr. sold 16,559 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $73.43, for a total transaction of $1,215,927.37. Following the sale, the chief financial officer now owns 129,122 shares in the company, valued at $9,481,428.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,943 shares of company stock worth $9,358,836. Company insiders own 12.64% of the company’s stock.
A number of equities analysts have commented on the company. TheStreet downgraded Godaddy from a “b” rating to a “c+” rating in a research note on Friday, February 28th. Raymond James upped their target price on Godaddy from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Royal Bank of Canada initiated coverage on Godaddy in a research report on Thursday, January 2nd. They issued a “buy” rating and a $81.00 target price for the company. SunTrust Banks dropped their price target on Godaddy to and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Zacks Investment Research cut Godaddy from a “strong-buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Godaddy currently has a consensus rating of “Buy” and an average price target of $86.11.
Shares of NYSE GDDY traded up $1.09 during mid-day trading on Thursday, hitting $58.56. 3,421,300 shares of the stock were exchanged, compared to its average volume of 1,772,590. The company has a market cap of $10.02 billion, a P/E ratio of 77.05 and a beta of 0.57. The stock’s fifty day simple moving average is $65.10 and its two-hundred day simple moving average is $66.64. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.79 and a current ratio of 0.79. Godaddy Inc has a twelve month low of $40.25 and a twelve month high of $82.30.
Godaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). Godaddy had a net margin of 4.58% and a return on equity of 20.61%. The company had revenue of $780.40 million for the quarter, compared to the consensus estimate of $777.03 million. As a group, equities research analysts predict that Godaddy Inc will post 1.08 earnings per share for the current fiscal year.
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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