Godaddy Inc (NYSE:GDDY) Holdings Raised by Mackay Shields LLC

Mackay Shields LLC increased its stake in shares of Godaddy Inc (NYSE:GDDY) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,576 shares of the technology company’s stock after purchasing an additional 5,008 shares during the quarter. Mackay Shields LLC owned 0.12% of Godaddy worth $13,960,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors also recently modified their holdings of GDDY. Redhawk Wealth Advisors Inc. purchased a new position in Godaddy in the second quarter worth $27,000. Commonwealth Bank of Australia raised its position in Godaddy by 80.1% in the second quarter. Commonwealth Bank of Australia now owns 508 shares of the technology company’s stock worth $35,000 after acquiring an additional 226 shares in the last quarter. CSat Investment Advisory L.P. purchased a new position in Godaddy in the second quarter worth $66,000. Coastal Investment Advisors Inc. purchased a new position in Godaddy in the third quarter worth $99,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in Godaddy by 57.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the technology company’s stock worth $154,000 after acquiring an additional 800 shares in the last quarter. 94.11% of the stock is owned by hedge funds and other institutional investors.

GDDY opened at $68.75 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 3.78. The firm has a market cap of $11.76 billion, a P/E ratio of 75.82, a PEG ratio of 6.20 and a beta of 0.68. Godaddy Inc has a 52 week low of $58.19 and a 52 week high of $82.30. The business’s fifty day simple moving average is $65.16 and its 200 day simple moving average is $68.83.

Godaddy (NYSE:GDDY) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. The business had revenue of $760.50 million for the quarter, compared to analyst estimates of $761.04 million. Godaddy had a return on equity of 19.05% and a net margin of 4.10%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. As a group, equities analysts expect that Godaddy Inc will post 0.79 EPS for the current fiscal year.

In other Godaddy news, COO Ah Kee Andrew Low sold 1,022 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $62.86, for a total value of $64,242.92. Following the sale, the chief operating officer now directly owns 62,228 shares of the company’s stock, valued at approximately $3,911,652.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Sharples sold 850 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $68.00, for a total value of $57,800.00. Following the completion of the sale, the director now directly owns 10,948 shares in the company, valued at $744,464. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,304 shares of company stock worth $1,943,644. 12.64% of the stock is owned by corporate insiders.

Several research analysts have issued reports on GDDY shares. TheStreet upgraded Godaddy from a “c+” rating to a “b-” rating in a research report on Monday. Raymond James dropped their price target on Godaddy from $86.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. ValuEngine cut Godaddy from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Wedbush restated a “neutral” rating on shares of Godaddy in a research report on Monday, November 4th. Finally, SunTrust Banks restated a “buy” rating and issued a $90.00 price target on shares of Godaddy in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.63.

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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