Traders bought shares of Godaddy Inc (NYSE:GDDY) on weakness during trading on Friday. $38.53 million flowed into the stock on the tick-up and $20.73 million flowed out of the stock on the tick-down, for a money net flow of $17.80 million into the stock. Of all stocks tracked, Godaddy had the 17th highest net in-flow for the day. Godaddy traded down ($0.20) for the day and closed at $73.75

Several equities research analysts have weighed in on GDDY shares. Barclays increased their price objective on Godaddy from $77.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, July 23rd. SunTrust Banks reiterated a “buy” rating and issued a $87.00 price objective on shares of Godaddy in a report on Monday, August 6th. Oppenheimer increased their price objective on Godaddy from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, May 9th. Zacks Investment Research cut Godaddy from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, Piper Jaffray Companies increased their price objective on Godaddy to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $74.80.

The company has a market cap of $13.10 billion, a P/E ratio of 175.60, a P/E/G ratio of 8.15 and a beta of 0.58. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.73 and a quick ratio of 0.73.

Godaddy (NYSE:GDDY) last released its earnings results on Thursday, August 2nd. The technology company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $643.59 million. Godaddy had a return on equity of 8.78% and a net margin of 5.83%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. analysts forecast that Godaddy Inc will post 0.55 earnings per share for the current year.

In other news, CFO Raymond E. Winborne, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $76.55, for a total value of $3,827,500.00. Following the completion of the transaction, the chief financial officer now owns 101,831 shares in the company, valued at approximately $7,795,163.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Arne Josefsberg sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $78.50, for a total value of $3,532,500.00. Following the completion of the transaction, the executive vice president now owns 13,117 shares of the company’s stock, valued at approximately $1,029,684.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,396,503 shares of company stock valued at $311,967,070. 7.63% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in GDDY. Winslow Capital Management LLC purchased a new position in Godaddy during the first quarter valued at $257,700,000. BlackRock Inc. raised its stake in Godaddy by 61.1% during the second quarter. BlackRock Inc. now owns 8,629,570 shares of the technology company’s stock valued at $609,247,000 after buying an additional 3,271,953 shares during the last quarter. Voya Investment Management LLC raised its stake in Godaddy by 599.6% during the second quarter. Voya Investment Management LLC now owns 1,833,104 shares of the technology company’s stock valued at $129,417,000 after buying an additional 1,571,091 shares during the last quarter. Bank of America Corp DE raised its stake in Godaddy by 154.4% during the second quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock valued at $119,738,000 after buying an additional 1,029,426 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Godaddy by 157.6% during the first quarter. Millennium Management LLC now owns 1,072,631 shares of the technology company’s stock valued at $65,881,000 after buying an additional 656,261 shares during the last quarter. Institutional investors and hedge funds own 91.48% of the company’s stock.

About Godaddy (NYSE:GDDY)

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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