Schwab Charles Investment Management Inc. lifted its position in GoDaddy (NYSE:GDDY) by 16.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 592,393 shares of the technology company’s stock after purchasing an additional 85,219 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.35% of GoDaddy worth $36,385,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Eaton Vance Management raised its position in GoDaddy by 0.6% during the first quarter. Eaton Vance Management now owns 1,462,530 shares of the technology company’s stock valued at $89,829,000 after acquiring an additional 9,171 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in GoDaddy during the first quarter valued at approximately $275,000. Swiss National Bank raised its position in GoDaddy by 20.4% during the first quarter. Swiss National Bank now owns 242,900 shares of the technology company’s stock valued at $14,919,000 after acquiring an additional 41,200 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in GoDaddy by 2.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 124,795 shares of the technology company’s stock valued at $7,665,000 after acquiring an additional 2,961 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in GoDaddy during the first quarter valued at approximately $294,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.
GoDaddy opened at $70.76 on Friday, Marketbeat.com reports. The company has a market capitalization of $12.11 billion, a PE ratio of 214.82, a price-to-earnings-growth ratio of 8.49 and a beta of 0.55. GoDaddy has a 12 month low of $40.55 and a 12 month high of $71.81. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.64 and a quick ratio of 0.64.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. The firm had revenue of $633.20 million for the quarter, compared to analyst estimates of $622.54 million. GoDaddy had a return on equity of 11.05% and a net margin of 6.18%. The business’s revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. equities analysts predict that GoDaddy will post 0.42 EPS for the current fiscal year.
Several brokerages recently weighed in on GDDY. TheStreet cut GoDaddy from a “b” rating to a “c+” rating in a research report on Thursday, May 17th. JMP Securities reiterated an “outperform” rating and set a $84.00 price target on shares of GoDaddy in a research report on Wednesday, May 16th. ValuEngine upgraded GoDaddy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 9th. Oppenheimer lifted their price target on GoDaddy from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, May 9th. Finally, Piper Jaffray Companies boosted their price objective on GoDaddy to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, May 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. GoDaddy currently has a consensus rating of “Buy” and a consensus price target of $66.93.
In other news, CRO Ah Kee Andrew Low sold 10,951 shares of GoDaddy stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $61.38, for a total value of $672,172.38. Following the sale, the executive now directly owns 51,880 shares of the company’s stock, valued at $3,184,394.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Aldrich sold 10,000 shares of GoDaddy stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $61.38, for a total value of $613,800.00. Following the completion of the sale, the insider now directly owns 17,391 shares in the company, valued at $1,067,459.58. The disclosure for this sale can be found here. Insiders sold 13,760,305 shares of company stock worth $818,287,523 over the last ninety days. Corporate insiders own 7.63% of the company’s stock.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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