Pendal Group Ltd Acquires 349 Shares of Godaddy Inc (NYSE:GDDY)

Pendal Group Ltd grew its holdings in shares of Godaddy Inc (NYSE:GDDY) by 3.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 11,645 shares of the technology company’s stock after purchasing an additional 349 shares during the period. Pendal Group Ltd’s holdings in Godaddy were worth $817,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GDDY. Berman Capital Advisors LLC grew its position in shares of Godaddy by 205.4% during the 1st quarter. Berman Capital Advisors LLC now owns 452 shares of the technology company’s stock worth $33,000 after purchasing an additional 304 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Godaddy by 65.4% during the 1st quarter. Lindbrook Capital LLC now owns 574 shares of the technology company’s stock worth $43,000 after purchasing an additional 227 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of Godaddy during the 1st quarter worth approximately $45,000. Signaturefd LLC grew its position in shares of Godaddy by 36.0% during the 1st quarter. Signaturefd LLC now owns 722 shares of the technology company’s stock worth $54,000 after purchasing an additional 191 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Godaddy during the 1st quarter worth approximately $97,000. 97.98% of the stock is currently owned by hedge funds and other institutional investors.

GDDY has been the topic of several analyst reports. Morgan Stanley set a $95.00 price target on shares of Godaddy and gave the stock a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Godaddy from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Tuesday, April 30th. Barclays reiterated a “buy” rating and set a $90.00 price target on shares of Godaddy in a research report on Monday, May 6th. TheStreet lowered shares of Godaddy from a “b” rating to a “c” rating in a research report on Tuesday, May 21st. Finally, ValuEngine lowered shares of Godaddy from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $88.89.

Shares of NYSE GDDY traded up $1.45 during trading hours on Friday, hitting $64.23. 35,738 shares of the stock were exchanged, compared to its average volume of 2,220,928. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $11.21 billion, a PE ratio of 101.84, a price-to-earnings-growth ratio of 7.25 and a beta of 0.63. The company’s fifty day simple moving average is $70.60 and its two-hundred day simple moving average is $73.69. Godaddy Inc has a 1-year low of $56.67 and a 1-year high of $84.97.

Godaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). The firm had revenue of $737.20 million for the quarter, compared to analyst estimates of $735.40 million. Godaddy had a return on equity of 11.44% and a net margin of 1.98%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. As a group, sell-side analysts expect that Godaddy Inc will post 0.52 EPS for the current fiscal year.

In related news, insider Nima Kelly sold 3,161 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $44.47, for a total value of $140,569.67. Following the completion of the transaction, the insider now owns 126,009 shares of the company’s stock, valued at approximately $5,603,620.23. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott Wagner sold 37,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $73.87, for a total transaction of $2,733,190.00. The disclosure for this sale can be found here. In the last three months, insiders sold 76,342 shares of company stock valued at $5,498,055. 12.64% of the stock is owned by insiders.

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. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including 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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