Nomura Asset Management Co. Ltd. boosted its stake in Godaddy Inc (NYSE:GDDY) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,500 shares of the technology company’s stock after acquiring an additional 2,400 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Godaddy were worth $1,608,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Csenge Advisory Group bought a new position in shares of Godaddy during the 3rd quarter worth approximately $62,000. Parallel Advisors LLC boosted its holdings in shares of Godaddy by 15.8% during the 4th quarter. Parallel Advisors LLC now owns 1,516 shares of the technology company’s stock worth $99,000 after buying an additional 207 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Godaddy during the 3rd quarter worth approximately $150,000. Korea Investment CORP bought a new position in shares of Godaddy during the 3rd quarter worth approximately $153,000. Finally, FDx Advisors Inc. bought a new position in shares of Godaddy during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 98.94% of the company’s stock.
Shares of NYSE:GDDY opened at $75.39 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.90. Godaddy Inc has a twelve month low of $56.67 and a twelve month high of $84.97. The company has a market cap of $13.16 billion, a PE ratio of 119.67, a PEG ratio of 5.37 and a beta of 0.66.
Godaddy (NYSE:GDDY) last issued its earnings results on Wednesday, February 20th. The technology company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.15. Godaddy had a return on equity of 11.91% and a net margin of 2.90%. The company had revenue of $696.00 million for the quarter, compared to analyst estimates of $693.41 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Godaddy’s revenue for the quarter was up 15.6% on a year-over-year basis. Equities analysts predict that Godaddy Inc will post 0.82 EPS for the current fiscal year.
In other news, CEO Scott Wagner sold 37,000 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $75.19, for a total transaction of $2,782,030.00. Following the transaction, the chief executive officer now directly owns 193,607 shares of the company’s stock, valued at $14,557,310.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arne Josefsberg sold 7,572 shares of the company’s stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $59.11, for a total value of $447,580.92. The disclosure for this sale can be found here. Insiders have sold 236,438 shares of company stock worth $16,705,911 over the last ninety days. 7.63% of the stock is owned by insiders.
A number of research firms have issued reports on GDDY. JPMorgan Chase & Co. increased their price target on Godaddy to $83.00 and gave the stock a “neutral” rating in a report on Thursday, February 21st. TheStreet upgraded Godaddy from a “c+” rating to a “b” rating in a report on Thursday, February 21st. Zacks Investment Research cut Godaddy from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Morgan Stanley set a $88.00 price target on Godaddy and gave the stock a “buy” rating in a report on Wednesday, November 28th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $97.00 price target on shares of Godaddy in a report on Thursday, February 21st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. Godaddy currently has an average rating of “Buy” and a consensus price target of $85.17.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
Featured Story: What is the downside to momentum investing?
Want to see what other hedge funds are holding GDDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Godaddy Inc (NYSE:GDDY).
Receive News & Ratings for Godaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Godaddy and related companies with MarketBeat.com's FREE daily email newsletter.