UBS Asset Management Americas Inc. boosted its position in shares of Godaddy Inc (NYSE:GDDY) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 94,334 shares of the technology company’s stock after buying an additional 8,333 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Godaddy were worth $4,743,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its stake in Godaddy by 49.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock worth $160,000 after buying an additional 1,213 shares during the period. US Bancorp DE lifted its position in shares of Godaddy by 10,297.6% during the fourth quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock worth $214,000 after purchasing an additional 4,222 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of Godaddy during the fourth quarter worth $258,000. The Manufacturers Life Insurance Company lifted its position in shares of Godaddy by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after purchasing an additional 397 shares during the last quarter. Finally, Comerica Bank bought a new stake in shares of Godaddy during the third quarter worth $267,000.
In other Godaddy news, insider Rebecca Morrow sold 500 shares of Godaddy stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $62.36, for a total value of $31,180.00. Following the transaction, the insider now owns 5,674 shares in the company, valued at $353,830.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert R. Parsons sold 8,000,000 shares of Godaddy stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $59.21, for a total value of $473,680,000.00. The disclosure for this sale can be found here. Insiders sold 13,569,482 shares of company stock valued at $800,787,813 over the last 90 days. 22.68% of the stock is currently owned by corporate insiders.
Several research firms have recently weighed in on GDDY. Citigroup lifted their target price on Godaddy from $49.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Morgan Stanley lifted their target price on Godaddy from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Deutsche Bank lifted their target price on Godaddy from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $52.00 target price (up from $44.00) on shares of Godaddy in a research report on Friday, February 23rd. Finally, JMP Securities lifted their target price on Godaddy from $60.00 to $68.00 and gave the stock a “market outperform” rating in a research report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $58.63.
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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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