SG Americas Securities LLC lifted its position in shares of GoDaddy Inc. (NYSE:GDDY – Free Report) by 55.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,935 shares of the technology company’s stock after acquiring an additional 8,897 shares during the quarter. SG Americas Securities LLC’s holdings in GoDaddy were worth $1,873,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Duality Advisers LP boosted its holdings in shares of GoDaddy by 255.9% during the 1st quarter. Duality Advisers LP now owns 23,343 shares of the technology company’s stock valued at $1,814,000 after acquiring an additional 16,784 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of GoDaddy by 1.8% during the 1st quarter. Ameriprise Financial Inc. now owns 4,934,195 shares of the technology company’s stock valued at $383,486,000 after acquiring an additional 85,212 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of GoDaddy by 5.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,239,649 shares of the technology company’s stock valued at $174,067,000 after acquiring an additional 107,021 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of GoDaddy by 2,791.9% during the 1st quarter. Advisory Services Network LLC now owns 3,557 shares of the technology company’s stock valued at $276,000 after acquiring an additional 3,434 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in GoDaddy by 1,962.8% during the 1st quarter. Rockefeller Capital Management L.P. now owns 16,647 shares of the technology company’s stock worth $1,293,000 after purchasing an additional 15,840 shares during the last quarter. Institutional investors and hedge funds own 95.03% of the company’s stock.
Insider Buying and Selling at GoDaddy
In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,472 shares of GoDaddy stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $75.11, for a total transaction of $260,781.92. Following the completion of the transaction, the chief executive officer now owns 266,489 shares in the company, valued at approximately $20,015,988.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,472 shares of GoDaddy stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $75.11, for a total transaction of $260,781.92. Following the completion of the transaction, the chief executive officer now owns 266,489 shares in the company, valued at approximately $20,015,988.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger Chen sold 11,125 shares of GoDaddy stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $75.05, for a total value of $834,931.25. Following the transaction, the chief operating officer now owns 172,716 shares of the company’s stock, valued at approximately $12,962,335.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,419 shares of company stock worth $3,290,478. Insiders own 0.54% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on GoDaddy
GoDaddy Price Performance
Shares of GoDaddy stock opened at $73.18 on Friday. GoDaddy Inc. has a one year low of $64.65 and a one year high of $85.32. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 35.35 and a beta of 0.95. The business has a 50-day simple moving average of $73.43 and a 200 day simple moving average of $73.93.
GoDaddy (NYSE:GDDY – Get Free Report) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. GoDaddy had a negative return on equity of 83.74% and a net margin of 7.78%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, sell-side analysts expect that GoDaddy Inc. will post 2.81 EPS for the current year.
About GoDaddy
GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized hosting platform that allows customers to build and manage a faster and more secure WordPress site and offered with WooCommerce to sell online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and engage customers and create content.
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