Profund Advisors LLC boosted its holdings in shares of Godaddy Inc (NYSE:GDDY) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,064 shares of the technology company’s stock after buying an additional 1,333 shares during the period. Profund Advisors LLC’s holdings in Godaddy were worth $4,564,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Godaddy in the second quarter valued at about $27,000. Berman Capital Advisors LLC raised its holdings in shares of Godaddy by 205.4% in the first quarter. Berman Capital Advisors LLC now owns 452 shares of the technology company’s stock valued at $33,000 after purchasing an additional 304 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Godaddy by 80.1% in the second quarter. Commonwealth Bank of Australia now owns 508 shares of the technology company’s stock valued at $35,000 after purchasing an additional 226 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Godaddy in the first quarter valued at about $45,000. Finally, Signaturefd LLC raised its holdings in shares of Godaddy by 36.0% in the first quarter. Signaturefd LLC now owns 722 shares of the technology company’s stock valued at $54,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
GDDY traded up $0.59 during trading on Friday, hitting $66.29. 33,490 shares of the company traded hands, compared to its average volume of 1,498,619. The firm has a market cap of $11.67 billion, a P/E ratio of 104.84, a price-to-earnings-growth ratio of 7.40 and a beta of 0.68. The stock’s fifty day moving average is $66.22 and its 200 day moving average is $72.68. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64. Godaddy Inc has a one year low of $56.67 and a one year high of $84.97.
Several analysts have recently commented on GDDY shares. ValuEngine downgraded shares of Godaddy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet downgraded shares of Godaddy from a “b” rating to a “c” rating in a report on Tuesday, May 21st. SunTrust Banks set a $90.00 target price on shares of Godaddy and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Raymond James lowered their target price on shares of Godaddy from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $88.89.
In other Godaddy news, CEO Scott Wagner sold 7,606 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.10, for a total transaction of $533,180.60. Following the completion of the transaction, the chief executive officer now owns 219,804 shares in the company, valued at $15,408,260.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nima Kelly sold 661 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $65.57, for a total transaction of $43,341.77. Following the transaction, the insider now owns 124,422 shares of the company’s stock, valued at approximately $8,158,350.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,929 shares of company stock valued at $1,731,946. 12.64% of the stock is owned by company insiders.
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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