1,397,096 Shares in GoDaddy Inc. (GDDY) Acquired by Victory Capital Management Inc.
Victory Capital Management Inc. bought a new stake in shares of GoDaddy Inc. (NYSE:GDDY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,397,096 shares of the company’s stock, valued at approximately $48,242,000. Victory Capital Management Inc. owned 1.69% of GoDaddy as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Swiss National Bank increased its position in GoDaddy by 65.9% in the second quarter. Swiss National Bank now owns 73,500 shares of the company’s stock worth $2,292,000 after buying an additional 29,200 shares during the period. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in GoDaddy during the second quarter worth $1,126,000. California State Teachers Retirement System increased its position in GoDaddy by 96.0% in the second quarter. California State Teachers Retirement System now owns 98,327 shares of the company’s stock worth $3,067,000 after buying an additional 48,167 shares during the period. Bank of New York Mellon Corp increased its position in GoDaddy by 31.8% in the second quarter. Bank of New York Mellon Corp now owns 165,337 shares of the company’s stock worth $5,157,000 after buying an additional 39,890 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in GoDaddy during the second quarter worth $8,287,000.
Shares of GoDaddy Inc. (NYSE:GDDY) traded down 0.86% during trading on Wednesday, reaching $35.91. The company’s stock had a trading volume of 34,784 shares. GoDaddy Inc. has a one year low of $23.88 and a one year high of $37.21. The firm’s 50-day moving average price is $35.02 and its 200-day moving average price is $32.78. The company’s market capitalization is $3.14 billion.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $472.10 million for the quarter, compared to analysts’ expectations of $470.07 million. GoDaddy had a negative return on equity of 2.14% and a negative net margin of 0.81%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. On average, equities analysts anticipate that GoDaddy Inc. will post ($0.04) earnings per share for the current year.
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A number of research analysts recently weighed in on GDDY shares. Monness Crespi & Hardt downgraded GoDaddy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 1st. They noted that the move was a valuation call. RBC Capital Markets reaffirmed an “outperform” rating and set a $40.00 price target (up from $38.00) on shares of GoDaddy in a research note on Thursday, November 3rd. Zacks Investment Research downgraded GoDaddy from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Deutsche Bank AG upped their price target on GoDaddy from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, October 18th. Finally, TheStreet raised GoDaddy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.00.
In other GoDaddy news, EVP James M. Carroll sold 57,000 shares of GoDaddy stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $32.19, for a total transaction of $1,834,830.00. Following the sale, the executive vice president now directly owns 33,863 shares of the company’s stock, valued at approximately $1,090,049.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Blake Irving sold 37,500 shares of GoDaddy stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $32.14, for a total value of $1,205,250.00. Following the sale, the chief executive officer now directly owns 39,003 shares in the company, valued at $1,253,556.42. The disclosure for this sale can be found here. Company insiders own 25.70% of the company’s stock.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
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