Emerald Acquisition Ltd. bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the second quarter, Holdings Channel reports. The institutional investor bought 58,696 shares of the company’s stock, valued at approximately $1,829,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of GDDY. Independent Portfolio Consultants Inc. increased its position in GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock worth $124,000 after buying an additional 425 shares during the period. Chicago Equity Partners LLC acquired a new position in GoDaddy during the second quarter worth approximately $290,000. Aperio Group LLC increased its position in GoDaddy by 1.0% in the first quarter. Aperio Group LLC now owns 9,907 shares of the company’s stock worth $320,000 after buying an additional 98 shares during the period. BlackRock Inc. increased its position in GoDaddy by 46.3% in the first quarter. BlackRock Inc. now owns 12,808 shares of the company’s stock worth $414,000 after buying an additional 4,053 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in GoDaddy during the second quarter worth approximately $415,000.
GoDaddy Inc. (NYSE:GDDY) traded up 1.05% during trading on Friday, reaching $34.53. 817,380 shares of the company’s stock were exchanged. GoDaddy Inc. has a 52 week low of $23.88 and a 52 week high of $35.53. The stock has a 50-day moving average of $33.06 and a 200-day moving average of $31.63. The stock’s market capitalization is $5.26 billion.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. The business had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $450.51 million. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.46) earnings per share. On average, equities research analysts anticipate that GoDaddy Inc. will post ($0.04) EPS for the current year.
A number of research firms have recently weighed in on GDDY. Zacks Investment Research cut shares of GoDaddy from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Piper Jaffray Cos. set a $40.00 price target on shares of GoDaddy and gave the company a “buy” rating in a report on Monday, September 19th. B. Riley restated a “neutral” rating and issued a $33.50 price target on shares of GoDaddy in a report on Tuesday, August 9th. Citigroup Inc. cut shares of GoDaddy from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Tuesday, June 7th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $38.00 price target (up from $37.00) on shares of GoDaddy in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $36.88.
In related news, insider Barbara J. Rechterman sold 39,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $33.89, for a total transaction of $1,321,710.00. Following the sale, the insider now directly owns 69,650 shares in the company, valued at $2,360,438.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Auguste Goldman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $32.00, for a total transaction of $32,000.00. Following the sale, the insider now owns 2,339 shares in the company, valued at $74,848. The disclosure for this sale can be found here. Company insiders own 25.70% of the company’s stock.
GoDaddy Company Profile
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company 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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