Boston Trust Walden Corp Has $31.20 Million Stock Position in GoDaddy Inc. $GDDY

Boston Trust Walden Corp boosted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 2.2% in the 1st quarter, Holdings Channel reports. The firm owned 377,403 shares of the technology company’s stock after buying an additional 8,228 shares during the period. Boston Trust Walden Corp’s holdings in GoDaddy were worth $31,200,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GDDY. Norges Bank acquired a new position in shares of GoDaddy during the fourth quarter worth $250,020,000. AQR Capital Management LLC boosted its holdings in shares of GoDaddy by 117.5% during the 4th quarter. AQR Capital Management LLC now owns 2,989,931 shares of the technology company’s stock valued at $370,991,000 after acquiring an additional 1,615,005 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of GoDaddy by 47.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock valued at $483,360,000 after acquiring an additional 1,128,646 shares in the last quarter. Two Sigma Investments LP grew its position in GoDaddy by 99.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,631,100 shares of the technology company’s stock worth $223,183,000 after acquiring an additional 814,360 shares during the last quarter. Finally, Swedbank AB grew its position in GoDaddy by 433.9% during the 4th quarter. Swedbank AB now owns 645,754 shares of the technology company’s stock worth $80,125,000 after acquiring an additional 524,811 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Activity at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 542 shares of GoDaddy stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total value of $48,704.12. Following the completion of the sale, the chief accounting officer directly owned 19,995 shares of the company’s stock, valued at approximately $1,796,750.70. The trade was a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Amanpal Singh Bhutani sold 8,373 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total transaction of $752,397.78. Following the transaction, the chief executive officer owned 521,747 shares in the company, valued at $46,884,185.42. This represents a 1.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 16,751 shares of company stock valued at $1,480,228 in the last ninety days. Insiders own 0.93% of the company’s stock.

GoDaddy Trading Down 0.1%

Shares of GDDY stock opened at $88.42 on Friday. GoDaddy Inc. has a fifty-two week low of $71.59 and a fifty-two week high of $179.61. The company has a debt-to-equity ratio of 15.86, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day simple moving average of $84.81 and a two-hundred day simple moving average of $93.12. The company has a market cap of $11.71 billion, a P/E ratio of 13.99, a PEG ratio of 0.80 and a beta of 0.89.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 EPS. Research analysts forecast that GoDaddy Inc. will post 7.13 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on GDDY. JPMorgan Chase & Co. lowered their target price on GoDaddy from $154.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday, June 18th. Weiss Ratings restated a “hold (c-)” rating on shares of GoDaddy in a report on Tuesday, June 16th. UBS Group started coverage on GoDaddy in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 price objective for the company. Benchmark dropped their price objective on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Wells Fargo & Company lifted their target price on shares of GoDaddy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.