Capital International Investors Increases Stake in Godaddy Inc (GDDY)

Capital International Investors lifted its stake in shares of Godaddy Inc (NYSE:GDDY) by 628.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,715,574 shares of the technology company’s stock after purchasing an additional 3,205,274 shares during the quarter. Capital International Investors owned about 2.25% of Godaddy worth $161,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in Godaddy by 66.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after acquiring an additional 986 shares during the period. SG Americas Securities LLC acquired a new stake in Godaddy in the 2nd quarter valued at approximately $118,000. Sei Investments Co. increased its position in Godaddy by 160.4% in the 2nd quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after acquiring an additional 2,283 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Godaddy by 142.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock valued at $195,000 after acquiring an additional 2,707 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in Godaddy in the 2nd quarter valued at approximately $210,000. Institutional investors and hedge funds own 84.26% of the company’s stock.

Several analysts recently commented on the company. B. Riley restated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research report on Saturday, August 26th. TheStreet upgraded Godaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. SunTrust Banks assumed coverage on Godaddy in a research report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 target price on the stock. Deutsche Bank raised their target price on Godaddy from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Finally, Oppenheimer restated a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of Godaddy in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.15.

Shares of Godaddy Inc (NYSE:GDDY) opened at $48.88 on Monday. The firm has a market capitalization of $8,149.76, a price-to-earnings ratio of 157.68, a PEG ratio of 8.69 and a beta of 0.65. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57. Godaddy Inc has a one year low of $34.27 and a one year high of $51.29.

In other news, insider Auguste Goldman sold 1,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $43.73, for a total transaction of $43,730.00. Following the completion of the sale, the insider now directly owns 6,491 shares of the company’s stock, valued at approximately $283,851.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Scott Wagner sold 125,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $47.12, for a total value of $5,890,000.00. Following the sale, the chief operating officer now directly owns 128,106 shares of the company’s stock, valued at $6,036,354.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 803,834 shares of company stock valued at $37,206,375. Corporate insiders own 22.68% of the company’s stock.

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About Godaddy

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It 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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Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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