Swiss National Bank Acquires 53,500 Shares of GoDaddy Inc. (GDDY)
Swiss National Bank grew its holdings in GoDaddy Inc. (NYSE:GDDY) by 61.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,000 shares of the technology company’s stock after purchasing an additional 53,500 shares during the quarter. Swiss National Bank owned approximately 0.15% of GoDaddy worth $5,939,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of GDDY. Marshall Wace North America L.P. raised its holdings in shares of GoDaddy by 280.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock valued at $89,635,000 after purchasing an additional 1,573,572 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of GoDaddy in the 1st quarter worth approximately $21,303,000. Renaissance Technologies LLC grew its position in shares of GoDaddy by 336.3% in the 1st quarter. Renaissance Technologies LLC now owns 532,700 shares of the technology company’s stock worth $20,189,000 after buying an additional 410,600 shares during the last quarter. Vanguard Group Inc. grew its position in shares of GoDaddy by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 5,955,674 shares of the technology company’s stock worth $225,720,000 after buying an additional 380,343 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of GoDaddy in the 1st quarter worth approximately $12,617,000. Institutional investors and hedge funds own 77.87% of the company’s stock.
Shares of GoDaddy Inc. (GDDY) opened at 44.41 on Tuesday. The stock has a market capitalization of $4.94 billion, a P/E ratio of 349.69 and a beta of 0.64. The stock has a 50 day moving average of $43.96 and a 200 day moving average of $42.86. GoDaddy Inc. has a 12-month low of $31.63 and a 12-month high of $44.61.
GoDaddy (NYSE:GDDY) last announced its earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.10. The business had revenue of $557.80 million for the quarter, compared to analyst estimates of $551.26 million. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. Equities research analysts anticipate that GoDaddy Inc. will post $0.33 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the stock. BidaskClub raised shares of GoDaddy from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. B. Riley reaffirmed a “buy” rating and issued a $53.00 price objective on shares of GoDaddy in a research report on Saturday, August 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of GoDaddy in a research report on Saturday, August 26th. Jefferies Group LLC assumed coverage on shares of GoDaddy in a research report on Thursday, August 24th. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, SunTrust Banks, Inc. assumed coverage on shares of GoDaddy in a research report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.47.
In related news, EVP James M. Carroll sold 33,600 shares of GoDaddy stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $41.58, for a total value of $1,397,088.00. Following the transaction, the executive vice president now directly owns 42,087 shares in the company, valued at approximately $1,749,977.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert R. Parsons sold 5,817,338 shares of GoDaddy stock in a transaction on Friday, September 8th. The shares were sold at an average price of $43.71, for a total transaction of $254,275,843.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,319,948 shares of company stock worth $537,859,952. Insiders own 25.70% of the company’s stock.
GoDaddy Company Profile
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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