Legal & General Group Plc Acquires 5,456 Shares of GoDaddy Inc. (GDDY)
Legal & General Group Plc boosted its holdings in GoDaddy Inc. (NYSE:GDDY) by 32.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,529 shares of the technology company’s stock after buying an additional 5,456 shares during the quarter. Legal & General Group Plc’s holdings in GoDaddy were worth $956,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. MARSHALL WACE ASIA Ltd acquired a new stake in shares of GoDaddy during the 1st quarter valued at $21,303,000. Marshall Wace North America L.P. bought a new stake in shares of GoDaddy during the 1st quarter worth $21,303,000. Renaissance Technologies LLC boosted its stake in shares of GoDaddy by 336.3% during the 1st quarter. Renaissance Technologies LLC now owns 532,700 shares of the technology company’s stock worth $20,189,000 after acquiring an additional 410,600 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of GoDaddy by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 5,955,674 shares of the technology company’s stock worth $225,720,000 after acquiring an additional 380,343 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of GoDaddy in the 1st quarter worth $12,617,000. Hedge funds and other institutional investors own 77.95% of the company’s stock.
A number of equities analysts recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $53.00 price target on shares of GoDaddy in a research note on Wednesday, August 9th. Jefferies Group LLC started coverage on shares of GoDaddy in a report on Thursday, August 24th. They issued a “buy” rating and a $55.00 target price for the company. Raymond James Financial, Inc. lifted their target price on shares of GoDaddy from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada lifted their target price on shares of GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded shares of GoDaddy from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.47.
Shares of GoDaddy Inc. (NYSE:GDDY) opened at 43.51 on Monday. The firm has a market cap of $4.84 billion, a PE ratio of 342.60 and a beta of 0.62. GoDaddy Inc. has a 12 month low of $31.63 and a 12 month high of $45.37. The firm has a 50 day moving average price of $44.09 and a 200-day moving average price of $44.09.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The firm had revenue of $557.80 million during the quarter, compared to analysts’ expectations of $551.26 million. During the same quarter last year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, analysts predict that GoDaddy Inc. will post $0.33 EPS for the current fiscal year.
In other news, Director Robert R. Parsons sold 5,817,338 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $43.71, for a total value of $254,275,843.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Barbara J. Rechterman sold 17,500 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $41.94, for a total transaction of $733,950.00. Following the completion of the transaction, the insider now directly owns 54,741 shares in the company, valued at $2,295,837.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,322,948 shares of company stock worth $538,117,592. 22.68% of the stock is owned by insiders.
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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