GoDaddy Inc. (GDDY) Shares Bought by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky grew its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,012 shares of the technology company’s stock after acquiring an additional 7,923 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.11% of GoDaddy worth $8,137,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP grew its holdings in shares of GoDaddy by 90.6% during the 2nd quarter. Engineers Gate Manager LP now owns 114,274 shares of the technology company’s stock worth $4,848,000 after purchasing an additional 54,328 shares during the period. Victory Capital Management Inc. grew its holdings in shares of GoDaddy by 5.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,629,173 shares of the technology company’s stock worth $69,110,000 after purchasing an additional 81,509 shares during the period. State of Wisconsin Investment Board grew its holdings in shares of GoDaddy by 67.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 15,605 shares of the technology company’s stock worth $662,000 after purchasing an additional 6,310 shares during the period. Symmetry Peak Management LLC purchased a new stake in shares of GoDaddy during the 2nd quarter worth about $848,000. Finally, Vanguard Group Inc. grew its holdings in shares of GoDaddy by 26.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock worth $320,434,000 after purchasing an additional 1,598,137 shares during the period. 79.83% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on GDDY. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 target price on shares of GoDaddy in a report on Wednesday, November 22nd. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of GoDaddy in a report on Monday, November 20th. Piper Jaffray Companies boosted their target price on GoDaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, November 13th. Zacks Investment Research upgraded GoDaddy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, TheStreet upgraded GoDaddy from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Four 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $49.38.
GoDaddy Inc. (NYSE:GDDY) opened at $51.06 on Monday. The firm has a market capitalization of $8,513.23, a P/E ratio of 164.71, a price-to-earnings-growth ratio of 9.08 and a beta of 0.64. GoDaddy Inc. has a fifty-two week low of $33.06 and a fifty-two week high of $51.29. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57.
In other news, SVP Auguste Goldman sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $48.62, for a total transaction of $388,960.00. Following the completion of the transaction, the senior vice president now directly owns 13,491 shares in the company, valued at approximately $655,932.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $50.49, for a total value of $1,767,150.00. Following the transaction, the insider now owns 50,427 shares of the company’s stock, valued at $2,546,059.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,323,036 shares of company stock valued at $539,968,706. 22.68% of the stock is owned by company insiders.
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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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