Godaddy Inc (NYSE:GDDY) was the target of unusually large options trading activity on Monday. Traders bought 4,062 call options on the stock. This represents an increase of 2,887% compared to the typical volume of 136 call options.
Godaddy (NYSE:GDDY) traded up $0.77 during trading hours on Wednesday, reaching $63.34. 963,574 shares of the company’s stock traded hands, compared to its average volume of 1,374,903. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 4.41. Godaddy has a 12 month low of $35.74 and a 12 month high of $64.49. The firm has a market cap of $10,660.00 and a price-to-earnings ratio of 97.45.
A number of analysts have recently commented on GDDY shares. B. Riley reissued a “buy” rating and set a $53.00 target price on shares of Godaddy in a research note on Tuesday, December 5th. Royal Bank of Canada reissued a “buy” rating and set a $53.00 target price on shares of Godaddy in a research note on Wednesday, November 22nd. Oppenheimer reissued a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Deutsche Bank boosted their target price on shares of Godaddy from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of Godaddy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $58.63.
In related news, Director Robert R. Parsons sold 8,000,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $59.21, for a total transaction of $473,680,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Barbara J. Rechterman sold 17,500 shares of Godaddy stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $50.33, for a total transaction of $880,775.00. Following the completion of the transaction, the chief marketing officer now directly owns 46,113 shares of the company’s stock, valued at approximately $2,320,867.29. The disclosure for this sale can be found here. Insiders have sold 13,569,482 shares of company stock valued at $800,787,813 over the last quarter. Insiders own 22.68% of the company’s stock.
Several hedge funds have recently modified their holdings of GDDY. Technology Crossover Management VII Ltd. lifted its holdings in shares of Godaddy by 263.1% in the 4th quarter. Technology Crossover Management VII Ltd. now owns 25,790,717 shares of the technology company’s stock worth $1,296,757,000 after acquiring an additional 18,688,095 shares during the last quarter. Capital International Investors lifted its holdings in shares of Godaddy by 628.1% in the 3rd quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock worth $161,665,000 after acquiring an additional 3,205,274 shares during the last quarter. Egerton Capital UK LLP acquired a new position in shares of Godaddy in the 4th quarter worth approximately $47,953,000. First Trust Advisors LP lifted its holdings in shares of Godaddy by 48.2% in the 3rd quarter. First Trust Advisors LP now owns 2,634,529 shares of the technology company’s stock worth $114,628,000 after acquiring an additional 856,259 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Godaddy by 15.0% in the 4th quarter. BlackRock Inc. now owns 5,029,012 shares of the technology company’s stock worth $252,860,000 after acquiring an additional 654,239 shares during the last quarter.
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Godaddy Company Profile
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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