Amalgamated Bank grew its position in shares of Godaddy Inc (NYSE:GDDY) by 13.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,159 shares of the technology company’s stock after acquiring an additional 3,065 shares during the quarter. Amalgamated Bank’s holdings in Godaddy were worth $1,265,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in GDDY. Capital International Investors raised its holdings in Godaddy by 628.1% during the 3rd quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock valued at $161,665,000 after buying an additional 3,205,274 shares during the period. Egerton Capital UK LLP purchased a new stake in Godaddy during the 4th quarter valued at $47,953,000. BlackRock Inc. raised its holdings in Godaddy by 15.0% during the 4th quarter. BlackRock Inc. now owns 5,029,012 shares of the technology company’s stock valued at $252,860,000 after buying an additional 654,239 shares during the period. Riverbridge Partners LLC purchased a new stake in Godaddy during the 4th quarter valued at $26,202,000. Finally, Lunia Capital LP purchased a new stake in Godaddy during the 4th quarter valued at $9,046,000.
GDDY has been the topic of several recent research reports. Morgan Stanley increased their price target on Godaddy from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. B. Riley restated a “buy” rating and set a $53.00 price target on shares of Godaddy in a report on Wednesday, January 3rd. Oppenheimer restated a “buy” rating on shares of Godaddy in a report on Monday, November 20th. Wedbush initiated coverage on Godaddy in a report on Friday, December 8th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, Royal Bank of Canada restated a “buy” rating and set a $53.00 price target on shares of Godaddy in a report on Wednesday, November 22nd. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $58.63.
In other news, major shareholder Fund Holdings L.P. Kkr sold 5,000,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $59.21, for a total transaction of $296,050,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Barbara J. Rechterman sold 17,500 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $61.00, for a total value of $1,067,500.00. Following the transaction, the chief marketing officer now owns 88,295 shares in the company, valued at approximately $5,385,995. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,569,482 shares of company stock worth $800,787,813. Insiders own 22.68% of the company’s stock.
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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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