GoDaddy Inc. (GDDY) Shares Bought by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. lifted its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 6.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,620 shares of the technology company’s stock after purchasing an additional 728 shares during the period. Oppenheimer Asset Management Inc.’s holdings in GoDaddy were worth $493,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of GoDaddy by 10.1% during the first quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock worth $105,000 after purchasing an additional 250 shares during the last quarter. Aperio Group LLC grew its holdings in shares of GoDaddy by 5.6% during the second quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock worth $297,000 after purchasing an additional 373 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of GoDaddy by 1.6% during the first quarter. Russell Investments Group Ltd. now owns 45,625 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 708 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of GoDaddy by 66.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock worth $104,000 after purchasing an additional 986 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of GoDaddy by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 163,361 shares of the technology company’s stock worth $6,192,000 after purchasing an additional 1,524 shares during the last quarter. Institutional investors own 77.88% of the company’s stock.
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In other GoDaddy news, Director Robert R. Parsons sold 5,817,338 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $43.71, for a total value of $254,275,843.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Blake Irving sold 37,500 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $43.64, for a total value of $1,636,500.00. Following the completion of the sale, the chief executive officer now owns 40,606 shares in the company, valued at approximately $1,772,045.84. The disclosure for this sale can be found here. Insiders sold a total of 12,319,948 shares of company stock worth $537,859,952 in the last quarter. Corporate insiders own 25.70% of the company’s stock.
GoDaddy Inc. (GDDY) opened at 43.81 on Friday. The stock’s 50 day moving average price is $43.87 and its 200 day moving average price is $40.56. GoDaddy Inc. has a 52 week low of $31.63 and a 52 week high of $44.22. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 344.96 and a beta of 0.64.
GoDaddy (NYSE:GDDY) last released 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 return on equity of 6.05% and a net margin of 1.21%. The firm had revenue of $557.80 million for the quarter, compared to analyst estimates of $551.26 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The business’s revenue was up 22.3% on a year-over-year basis. On average, equities research analysts predict that GoDaddy Inc. will post $0.33 EPS for the current year.
GDDY has been the topic of several research analyst reports. B. Riley restated a “buy” rating and set a $53.00 target price on shares of GoDaddy in a report on Wednesday, August 9th. Jefferies Group LLC initiated coverage on GoDaddy in a report on Thursday, August 24th. They set a “buy” rating and a $55.00 target price on the stock. Raymond James Financial, Inc. increased their target price on GoDaddy from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Royal Bank Of Canada increased their target price on GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, BidaskClub upgraded GoDaddy from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.47.
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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