Swiss National Bank decreased its holdings in Godaddy Inc (NYSE:GDDY) by 2.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 564,600 shares of the technology company’s stock after selling 12,400 shares during the quarter. Swiss National Bank’s holdings in Godaddy were worth $39,607,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Godaddy by 15.7% during the first quarter. BlackRock Inc. now owns 11,596,746 shares of the technology company’s stock worth $871,958,000 after purchasing an additional 1,576,019 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Godaddy by 5.5% during the second quarter. Janus Henderson Group PLC now owns 8,369,171 shares of the technology company’s stock worth $587,096,000 after purchasing an additional 436,616 shares in the last quarter. FMR LLC increased its position in shares of Godaddy by 32.6% during the first quarter. FMR LLC now owns 8,332,155 shares of the technology company’s stock worth $626,495,000 after purchasing an additional 2,046,952 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Godaddy by 15.3% during the first quarter. Federated Investors Inc. PA now owns 2,064,691 shares of the technology company’s stock worth $155,244,000 after purchasing an additional 273,702 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Godaddy by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 1,760,737 shares of the technology company’s stock worth $115,466,000 after purchasing an additional 66,412 shares in the last quarter. 98.15% of the stock is owned by institutional investors.

In other Godaddy news, COO Ah Kee Andrew Low sold 1,004 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $71.67, for a total value of $71,956.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rebecca Morrow sold 1,337 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $75.24, for a total transaction of $100,595.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,087 shares of company stock worth $2,811,696. 12.64% of the stock is owned by insiders.

Shares of NYSE GDDY traded up $1.13 during mid-day trading on Wednesday, hitting $64.36. The stock had a trading volume of 8,208 shares, compared to its average volume of 2,279,631. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average of $69.96 and a two-hundred day moving average of $73.47. Godaddy Inc has a twelve month low of $56.67 and a twelve month high of $84.97. The firm has a market cap of $11.34 billion, a PE ratio of 102.19, a PEG ratio of 7.19 and a beta of 0.63.

Godaddy (NYSE:GDDY) last released its earnings results on Thursday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Godaddy had a net margin of 1.98% and a return on equity of 11.44%. The firm had revenue of $737.20 million during the quarter, compared to analyst estimates of $735.40 million. During the same period in the previous year, the company earned $0.11 earnings per share. Godaddy’s revenue was up 13.1% on a year-over-year basis. Equities research analysts predict that Godaddy Inc will post 0.52 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on GDDY shares. ValuEngine downgraded Godaddy from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Raymond James reduced their price target on Godaddy from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Zacks Investment Research raised Godaddy from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Tuesday, April 30th. SunTrust Banks reaffirmed a “buy” rating and set a $90.00 price target on shares of Godaddy in a research report on Thursday, August 1st. Finally, TheStreet downgraded Godaddy from a “b” rating to a “c” rating in a research report on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $88.89.

Godaddy Profile

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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Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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