Godaddy Inc (GDDY) Holdings Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in shares of Godaddy Inc (NYSE:GDDY) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,389 shares of the technology company’s stock after acquiring an additional 31,351 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.22% of Godaddy worth $16,116,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GDDY. Aperio Group LLC increased its stake in shares of Godaddy by 5.6% in the second quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock valued at $297,000 after buying an additional 373 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Godaddy by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock valued at $232,000 after buying an additional 397 shares in the last quarter. Symphony Asset Management LLC increased its stake in shares of Godaddy by 4.0% in the second quarter. Symphony Asset Management LLC now owns 13,044 shares of the technology company’s stock valued at $553,000 after buying an additional 501 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Godaddy by 6.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,620 shares of the technology company’s stock valued at $493,000 after buying an additional 728 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Godaddy by 66.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after buying an additional 986 shares in the last quarter. Hedge funds and other institutional investors own 84.26% of the company’s stock.

Godaddy Inc (NYSE:GDDY) opened at $49.87 on Friday. The stock has a market capitalization of $8,274.38, a PE ratio of 191.82, a P/E/G ratio of 9.01 and a beta of 0.65. Godaddy Inc has a 1-year low of $34.27 and a 1-year high of $51.35. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15.

In other Godaddy news, CMO Barbara J. Rechterman sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $50.33, for a total transaction of $880,775.00. Following the transaction, the chief marketing officer now owns 46,113 shares in the company, valued at $2,320,867.29. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Nima Kelly sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $43.31, for a total value of $43,310.00. Following the transaction, the executive vice president now owns 29,934 shares in the company, valued at approximately $1,296,441.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,878,845 shares of company stock worth $371,058,867. 22.68% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on GDDY. B. Riley restated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research note on Tuesday, November 7th. BidaskClub upgraded Godaddy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 28th. Piper Jaffray Companies raised their target price on Godaddy from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, November 13th. Stifel Nicolaus raised their target price on Godaddy from $41.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Finally, Jefferies Group restated a “buy” rating and issued a $55.00 target price on shares of Godaddy in a research note on Wednesday, September 20th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Godaddy has a consensus rating of “Buy” and a consensus target price of $50.43.

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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.

Institutional Ownership by Quarter for Godaddy (NYSE:GDDY)

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