Godaddy Inc (NYSE:GDDY) – Investment analysts at SunTrust Banks issued their Q1 2018 earnings estimates for shares of Godaddy in a report issued on Thursday. SunTrust Banks analyst N. Khan expects that the technology company will post earnings per share of ($0.01) for the quarter. SunTrust Banks also issued estimates for Godaddy’s Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.36 EPS and FY2022 earnings at $2.64 EPS.
Other equities analysts have also issued reports about the company. TheStreet upgraded Godaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. B. Riley restated a “buy” rating and set a $53.00 price target on shares of Godaddy in a research report on Tuesday, December 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a report on Wednesday, November 22nd. Oppenheimer reiterated a “buy” rating on shares of Godaddy in a report on Monday, November 20th. Finally, Jefferies Group increased their price objective on Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $58.63.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake 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 during the period. LPL Financial LLC lifted its stake in shares of Godaddy by 8.3% in the 4th quarter. LPL Financial LLC now owns 13,250 shares of the technology company’s stock valued at $666,000 after purchasing an additional 1,012 shares during the period. Public Employees Retirement Association of Colorado lifted its stake 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 during the period. Aperio Group LLC lifted its stake in shares of Godaddy by 23.3% in the 3rd quarter. Aperio Group LLC now owns 8,624 shares of the technology company’s stock valued at $375,000 after purchasing an additional 1,631 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Godaddy by 3.1% in the 4th quarter. Alliancebernstein L.P. now owns 60,266 shares of the technology company’s stock valued at $3,030,000 after purchasing an additional 1,810 shares during the period. Institutional investors own 84.84% of the company’s stock.
In other news, Director Rick Kimball sold 7,102,622 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $47.12, for a total value of $334,675,548.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Blake Irving sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $48.15, for a total value of $2,407,500.00. Following the completion of the transaction, the chief executive officer now owns 53,106 shares of the company’s stock, valued at approximately $2,557,053.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,789,449 shares of company stock valued at $369,320,793. Company insiders own 22.68% of the company’s stock.
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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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