Credit Suisse AG increased its stake in shares of Godaddy Inc (NYSE:GDDY) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,519 shares of the technology company’s stock after buying an additional 1,833 shares during the quarter. Credit Suisse AG owned 0.08% of Godaddy worth $12,134,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Aperio Group LLC grew its holdings in Godaddy by 82.1% during the third quarter. Aperio Group LLC now owns 31,827 shares of the technology company’s stock worth $2,654,000 after buying an additional 14,347 shares in the last quarter. IBM Retirement Fund purchased a new position in Godaddy in the third quarter worth $218,000. Swiss National Bank boosted its position in Godaddy by 4.3% in the third quarter. Swiss National Bank now owns 513,500 shares of the technology company’s stock worth $42,821,000 after purchasing an additional 21,400 shares during the last quarter. US Bancorp DE boosted its position in Godaddy by 25.6% in the second quarter. US Bancorp DE now owns 7,649 shares of the technology company’s stock worth $540,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Godaddy by 154.4% in the second quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock worth $119,738,000 after purchasing an additional 1,029,426 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.
Several research analysts have weighed in on the company. Wedbush reissued a “neutral” rating and issued a $85.00 price objective on shares of Godaddy in a research report on Thursday, September 13th. Zacks Investment Research raised Godaddy from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Monday, October 1st. TheStreet raised Godaddy from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. SunTrust Banks reissued a “buy” rating and issued a $87.00 price objective on shares of Godaddy in a research report on Friday, November 2nd. Finally, Citigroup raised Godaddy from a “neutral” rating to a “buy” rating in a research report on Thursday, October 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $78.07.
Shares of NYSE GDDY opened at $63.72 on Friday. Godaddy Inc has a one year low of $47.61 and a one year high of $84.97. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $11.24 billion, a PE ratio of 151.71, a PEG ratio of 11.24 and a beta of 0.79.
Godaddy (NYSE:GDDY) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Godaddy had a net margin of 4.96% and a return on equity of 8.01%. The firm had revenue of $679.50 million for the quarter, compared to analysts’ expectations of $673.79 million. During the same period in the prior year, the company earned $0.17 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, research analysts expect that Godaddy Inc will post 0.34 EPS for the current fiscal year.
In related news, insider Rebecca Morrow sold 367 shares of the stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $74.19, for a total transaction of $27,227.73. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Nima Kelly sold 661 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $80.41, for a total value of $53,151.01. Following the sale, the executive vice president now directly owns 52,075 shares in the company, valued at approximately $4,187,350.75. The disclosure for this sale can be found here. Insiders have sold a total of 107,761 shares of company stock worth $8,474,173 in the last ninety days. Insiders own 7.63% of the company’s stock.
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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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