Raymond James Trust N.A. increased its position in GoDaddy Inc. (NYSE:GDDY – Get Rating) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,430 shares of the technology company's stock after buying an additional 218 shares during the period. Raymond James Trust N.A.'s holdings in GoDaddy were worth $238,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in GoDaddy by 10.8% during the second quarter. Private Advisor Group LLC now owns 11,514 shares of the technology company's stock worth $801,000 after purchasing an additional 1,125 shares during the period. Martin Capital Advisors LLP bought a new stake in GoDaddy during the second quarter worth approximately $906,000. AustralianSuper Pty Ltd bought a new stake in GoDaddy during the second quarter worth approximately $8,129,000. Procyon Advisors LLC boosted its position in GoDaddy by 31.0% during the second quarter. Procyon Advisors LLC now owns 5,135 shares of the technology company's stock worth $357,000 after purchasing an additional 1,214 shares during the period. Finally, Northstar Advisory Group LLC boosted its position in GoDaddy by 75.6% during the second quarter. Northstar Advisory Group LLC now owns 8,567 shares of the technology company's stock worth $596,000 after purchasing an additional 3,687 shares during the period. Institutional investors and hedge funds own 96.50% of the company's stock.
Get GoDaddy alerts:GoDaddy Stock Up 1.9 %
Shares of GDDY stock opened at $72.01 on Thursday. The stock has a market cap of $11.28 billion, a P/E ratio of 34.79 and a beta of 0.93. GoDaddy Inc. has a one year low of $64.81 and a one year high of $88.32. The stock has a fifty day moving average price of $76.42 and a 200 day moving average price of $76.33. The company has a debt-to-equity ratio of 46.37, a current ratio of 0.63 and a quick ratio of 0.63.
GoDaddy (NYSE:GDDY – Get Rating) last issued its earnings results on Wednesday, August 3rd. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.47 by $0.09. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. GoDaddy had a negative return on equity of 147.44% and a net margin of 8.58%. Analysts predict that GoDaddy Inc. will post 2.2 earnings per share for the current year.Insider Buying and Selling
In related news, CEO Amanpal Singh Bhutani sold 1,991 shares of the firm's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $69.86, for a total value of $139,091.26. Following the completion of the transaction, the chief executive officer now directly owns 220,544 shares of the company's stock, valued at $15,407,203.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other GoDaddy news, CFO Mark Mccaffrey sold 9,776 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $69.86, for a total transaction of $682,951.36. Following the completion of the transaction, the chief financial officer now directly owns 84,950 shares in the company, valued at $5,934,607. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 1,991 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $69.86, for a total value of $139,091.26. Following the transaction, the chief executive officer now owns 220,544 shares of the company's stock, valued at $15,407,203.84. The disclosure for this sale can be found here. Insiders sold a total of 22,431 shares of company stock valued at $1,613,907 over the last ninety days. 0.37% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
GDDY has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on GoDaddy from $91.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 4th. Barclays increased their price objective on GoDaddy from $104.00 to $107.00 and gave the company an "overweight" rating in a research report on Thursday, August 4th. Evercore ISI increased their price objective on GoDaddy to $91.00 in a research report on Tuesday, August 9th. Finally, Raymond James reduced their price objective on GoDaddy from $108.00 to $100.00 and set a "strong-buy" rating for the company in a research report on Thursday, August 4th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $100.75.
About GoDaddy
(Get Rating)
GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity. It also offers shared Website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.
Featured Stories
- Get a free copy of the StockNews.com research report on GoDaddy (GDDY)
- A Trio of Q3 Winners With Room to Run
- This Little Known Small Cap Is Up 139%: Is The Stock A Buy?
- Can HCA Healthcare Weather the Normalization?
- Can United Natural Foods Fight Both Inflation and the Fed?
- Mullen Automotive Is Ready To Get In Gear
Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.