Strs Ohio increased its position in Godaddy Inc (NYSE:GDDY) by 157.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,287 shares of the technology company’s stock after purchasing an additional 9,953 shares during the period. Strs Ohio’s holdings in Godaddy were worth $1,142,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of GDDY. Geode Capital Management LLC boosted its position in 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. Dimensional Fund Advisors LP boosted its position in Godaddy by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 425,262 shares of the technology company’s stock worth $27,900,000 after purchasing an additional 38,722 shares in the last quarter. Virtu Financial LLC purchased a new position in Godaddy during the first quarter worth approximately $355,000. Sciencast Management LP purchased a new position in Godaddy during the first quarter worth approximately $855,000. Finally, IFM Investors Pty Ltd boosted its position in Godaddy by 21.2% during the first quarter. IFM Investors Pty Ltd now owns 11,655 shares of the technology company’s stock worth $876,000 after purchasing an additional 2,036 shares in the last quarter. 97.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Godaddy stock opened at $64.05 on Wednesday. Godaddy Inc has a one year low of $56.67 and a one year high of $84.97. The stock has a market capitalization of $11.35 billion, a P/E ratio of 101.67, a price-to-earnings-growth ratio of 7.19 and a beta of 0.63. 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 stock’s 50 day moving average is $70.84.
Several equities analysts have recently weighed in on GDDY shares. TheStreet downgraded Godaddy from a “b” rating to a “c” rating in a research report on Tuesday, May 21st. Barclays restated a “buy” rating and issued a $90.00 target price on shares of Godaddy in a research report on Monday, May 6th. ValuEngine downgraded Godaddy from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley set a $95.00 target price on Godaddy and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, SunTrust Banks restated a “buy” rating and issued a $90.00 target price on shares of Godaddy in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Godaddy has a consensus rating of “Buy” and a consensus target price of $88.89.
In other Godaddy news, insider Rebecca Morrow sold 1,337 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $75.24, for a total transaction of $100,595.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Wagner sold 37,000 shares of the firm’s 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 76,342 shares of company stock worth $5,498,055. 12.64% of the stock is currently owned by company insiders.
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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