HWG Holdings LP Purchases New Holdings in Godaddy Inc (GDDY)
HWG Holdings LP purchased a new stake in Godaddy Inc (NYSE:GDDY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,423 shares of the technology company’s stock, valued at approximately $373,000.
Other large investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Godaddy in the 2nd quarter valued at about $118,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Godaddy by 49.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock valued at $160,000 after purchasing an additional 1,213 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Godaddy by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after purchasing an additional 397 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Godaddy in the 2nd quarter valued at about $248,000. Finally, Comerica Bank bought a new stake in shares of Godaddy in the 3rd quarter valued at about $267,000. Institutional investors and hedge funds own 84.43% of the company’s stock.
Godaddy Inc (NYSE GDDY) traded down $1.30 during trading hours on Wednesday, reaching $50.13. 1,022,000 shares of the company’s stock traded hands, compared to its average volume of 1,071,960. The stock has a market cap of $8,390.00 and a P/E ratio of 385.62. Godaddy Inc has a 12 month low of $34.58 and a 12 month high of $52.11. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57.
In other Godaddy news, Director Blake Irving sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $50.95, for a total transaction of $2,547,500.00. Following the sale, the director now owns 53,106 shares of the company’s stock, valued at approximately $2,705,750.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Barbara J. Rechterman sold 4,314 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $47.58, for a total transaction of $205,260.12. Following the sale, the chief marketing officer now directly owns 28,613 shares in the company, valued at approximately $1,361,406.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,817,345 shares of company stock worth $369,319,962. 22.68% of the stock is owned by insiders.
A number of research analysts have recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. downgraded shares of Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a research report on Tuesday, December 12th. Wedbush assumed coverage on shares of Godaddy in a research report on Friday, December 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research report on Wednesday, November 22nd. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Godaddy in a research report on Monday, November 20th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.43.
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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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