Godaddy Inc (GDDY) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in shares of Godaddy Inc (NYSE:GDDY) by 25.1% in the 3rd quarter, Holdings Channel reports. The firm owned 7,557 shares of the technology company’s stock after acquiring an additional 1,514 shares during the quarter. IFM Investors Pty Ltd’s holdings in Godaddy were worth $630,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in Godaddy by 61.1% in the 2nd quarter. BlackRock Inc. now owns 8,629,570 shares of the technology company’s stock valued at $609,247,000 after acquiring an additional 3,271,953 shares in the last quarter. Voya Investment Management LLC raised its holdings in Godaddy by 599.6% in the 2nd quarter. Voya Investment Management LLC now owns 1,833,104 shares of the technology company’s stock valued at $129,417,000 after acquiring an additional 1,571,091 shares in the last quarter. Bank of America Corp DE raised its holdings in Godaddy by 154.4% in the 2nd quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock valued at $119,738,000 after acquiring an additional 1,029,426 shares in the last quarter. First Trust Advisors LP raised its holdings in Godaddy by 20.8% in the 2nd quarter. First Trust Advisors LP now owns 3,549,257 shares of the technology company’s stock valued at $250,578,000 after acquiring an additional 611,798 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Godaddy in the 2nd quarter valued at approximately $31,234,000. 93.64% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the company. Wedbush reaffirmed a “neutral” rating on shares of Godaddy in a report on Wednesday, October 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Godaddy in a report on Friday, July 20th. Zacks Investment Research cut Godaddy from a “buy” rating to a “hold” rating in a report on Monday, August 13th. JPMorgan Chase & Co. upped their price target on Godaddy to $80.00 and gave the company a “neutral” rating in a report on Friday, August 3rd. Finally, SunTrust Banks upped their price target on Godaddy to $87.00 and gave the company a “buy” rating in a report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $77.60.



In related news, EVP Nima Kelly sold 661 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $80.41, for a total transaction of $53,151.01. Following the sale, the executive vice president now directly owns 52,075 shares in the company, valued at approximately $4,187,350.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert R. Parsons sold 3,890,942 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $75.61, for a total value of $294,194,124.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,789,360 shares of company stock worth $589,718,410. Corporate insiders own 7.63% of the company’s stock.

GDDY stock opened at $70.39 on Wednesday. Godaddy Inc has a 1-year low of $45.87 and a 1-year high of $84.97. The company has a market capitalization of $12.42 billion, a PE ratio of 167.60, a P/E/G ratio of 8.01 and a beta of 0.63. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.73 and a current ratio of 0.73.

Godaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Godaddy had a return on equity of 8.78% and a net margin of 5.83%. The company had revenue of $652.00 million for the quarter, compared to analyst estimates of $643.59 million. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. Analysts forecast that Godaddy Inc will post 0.53 earnings per share for the current year.

About Godaddy

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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Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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