Wells Fargo & Company MN Acquires 122,090 Shares of Godaddy Inc (GDDY)
Wells Fargo & Company MN grew its holdings in Godaddy Inc (NYSE:GDDY) by 199.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,332 shares of the technology company’s stock after acquiring an additional 122,090 shares during the period. Wells Fargo & Company MN owned 0.11% of Godaddy worth $9,219,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of GDDY. Capital International Investors boosted its holdings in shares of Godaddy by 628.1% during the 3rd quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock worth $161,665,000 after buying an additional 3,205,274 shares during the period. First Trust Advisors LP boosted its holdings in shares of Godaddy by 5.2% during the 4th quarter. First Trust Advisors LP now owns 2,770,644 shares of the technology company’s stock worth $139,308,000 after buying an additional 136,115 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Godaddy by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,612,603 shares of the technology company’s stock worth $81,082,000 after buying an additional 14,245 shares during the period. Egerton Capital UK LLP bought a new stake in shares of Godaddy during the 4th quarter worth $47,953,000. Finally, Riverbridge Partners LLC bought a new stake in shares of Godaddy during the 4th quarter worth $26,202,000. 86.86% of the stock is owned by institutional investors.
A number of brokerages have weighed in on GDDY. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Godaddy in a report on Wednesday, November 22nd. Morgan Stanley increased their price target on shares of Godaddy from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Wedbush began coverage on shares of Godaddy in a report on Friday, December 8th. They issued a “neutral” rating and a $52.00 price target for the company. Deutsche Bank increased their price target on shares of Godaddy from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Zacks Investment Research downgraded shares of Godaddy from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $58.63.
In related news, CFO Raymond E. Winborne, Jr. sold 13,203 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $60.36, for a total transaction of $796,933.08. Following the completion of the sale, the chief financial officer now owns 65,034 shares in the company, valued at approximately $3,925,452.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Aldrich sold 10,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $61.38, for a total transaction of $613,800.00. Following the sale, the insider now owns 17,391 shares of the company’s stock, valued at approximately $1,067,459.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,636,982 shares of company stock valued at $805,249,838. Corporate insiders own 22.68% of the company’s stock.
Godaddy Company Profile
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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