Godaddy Inc (GDDY) Shares Sold by Catalyst Capital Advisors LLC

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Catalyst Capital Advisors LLC reduced its position in shares of Godaddy Inc (NYSE:GDDY) by 32.5% during the first quarter, HoldingsChannel.com reports. The fund owned 353 shares of the technology company’s stock after selling 170 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Godaddy were worth $27,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC acquired a new position in Godaddy during the fourth quarter worth about $27,000. Lindbrook Capital LLC grew its holdings in Godaddy by 65.4% during the first quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock worth $43,000 after acquiring an additional 227 shares during the period. Parallel Advisors LLC grew its holdings in Godaddy by 15.8% during the fourth quarter. Parallel Advisors LLC now owns 1,516 shares of the technology company’s stock worth $99,000 after acquiring an additional 207 shares during the period. TD Asset Management Inc. grew its holdings in Godaddy by 24.5% during the fourth quarter. TD Asset Management Inc. now owns 3,284 shares of the technology company’s stock worth $215,000 after acquiring an additional 646 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Godaddy during the fourth quarter worth about $255,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:GDDY opened at $74.79 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.82 and a quick ratio of 0.82. Godaddy Inc has a 1-year low of $56.67 and a 1-year high of $84.97. The firm has a market capitalization of $13.25 billion, a P/E ratio of 118.71, a P/E/G ratio of 6.19 and a beta of 0.67.

Godaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). Godaddy had a net margin of 3.17% and a return on equity of 11.89%. The company had revenue of $710.00 million during the quarter, compared to analyst estimates of $711.18 million. During the same quarter last year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Research analysts expect that Godaddy Inc will post 0.72 EPS for the current fiscal year.

In related news, CEO Scott Wagner sold 37,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $73.87, for a total value of $2,733,190.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James M. Carroll sold 52,042 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $78.01, for a total value of $4,059,796.42. Following the completion of the transaction, the insider now owns 99,818 shares of the company’s stock, valued at approximately $7,786,802.18. The disclosure for this sale can be found here. Insiders sold a total of 237,078 shares of company stock valued at $17,866,555 in the last quarter. 12.64% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on the company. Barclays reaffirmed a “buy” rating and set a $90.00 target price on shares of Godaddy in a report on Monday, May 6th. SunTrust Banks reaffirmed a “buy” rating and set a $89.00 target price on shares of Godaddy in a report on Monday, April 29th. Zacks Investment Research raised Godaddy from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Tuesday, April 30th. Morgan Stanley lifted their target price on Godaddy from $88.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, February 21st. Finally, Citigroup increased their price target on Godaddy from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Godaddy has a consensus rating of “Buy” and a consensus price target of $89.25.

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About Godaddy

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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Want to see what other hedge funds are holding GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Godaddy Inc (NYSE:GDDY).

Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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