Dimensional Fund Advisors LP Has $5.31 Million Stake in GoDaddy Inc. (GDDY)
Dimensional Fund Advisors LP raised its stake in GoDaddy Inc. (NYSE:GDDY) by 37.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 139,990 shares of the technology company’s stock after buying an additional 38,370 shares during the period. Dimensional Fund Advisors LP owned approximately 0.16% of GoDaddy worth $5,305,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in GoDaddy by 30.4% in the fourth quarter. Teachers Advisors LLC now owns 61,926 shares of the technology company’s stock valued at $2,164,000 after buying an additional 14,419 shares in the last quarter. Profund Advisors LLC boosted its position in GoDaddy by 14.4% in the first quarter. Profund Advisors LLC now owns 25,770 shares of the technology company’s stock valued at $977,000 after buying an additional 3,250 shares in the last quarter. Acadian Asset Management LLC acquired a new position in GoDaddy during the first quarter valued at about $2,118,000. Russell Investments Group Ltd. boosted its position in GoDaddy by 1.6% in the first quarter. Russell Investments Group Ltd. now owns 45,625 shares of the technology company’s stock valued at $1,728,000 after buying an additional 708 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in GoDaddy by 45.6% in the first quarter. Wells Fargo & Company MN now owns 51,901 shares of the technology company’s stock valued at $1,967,000 after buying an additional 16,243 shares in the last quarter.
GoDaddy Inc. (NYSE GDDY) traded down 0.14% during mid-day trading on Friday, reaching $42.48. The company’s stock had a trading volume of 695,559 shares. The stock’s 50-day moving average is $42.63 and its 200-day moving average is $39.84. GoDaddy Inc. has a 12 month low of $31.63 and a 12 month high of $45.26. The firm has a market capitalization of $4.73 billion, a PE ratio of 334.49 and a beta of 0.65.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The firm had revenue of $557.80 million during the quarter, compared to analyst estimates of $551.26 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, equities analysts anticipate that GoDaddy Inc. will post $0.33 EPS for the current year.
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GDDY has been the subject of several analyst reports. B. Riley reaffirmed a “buy” rating and set a $47.00 price objective on shares of GoDaddy in a research report on Wednesday, May 3rd. Cantor Fitzgerald upped their target price on GoDaddy from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, May 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $50.00 target price (up from $46.00) on shares of GoDaddy in a research report on Tuesday, May 16th. BidaskClub raised GoDaddy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Finally, Oppenheimer Holdings, Inc. upped their target price on GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.47.
In other news, insider Barbara J. Rechterman sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $41.82, for a total transaction of $1,463,700.00. Following the completion of the sale, the insider now owns 54,741 shares of the company’s stock, valued at $2,289,268.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Barbara J. Rechterman sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $41.80, for a total transaction of $731,500.00. Following the sale, the chief marketing officer now directly owns 68,108 shares of the company’s stock, valued at approximately $2,846,914.40. The disclosure for this sale can be found here. Insiders sold 723,622 shares of company stock valued at $30,626,359 in the last three months. 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. It 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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