Godaddy Inc (GDDY) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Godaddy Inc (NYSE:GDDY) by 43.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,624 shares of the technology company’s stock after purchasing an additional 2,019 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Godaddy were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its position in Godaddy by 49.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 3,675 shares of the technology company’s stock valued at $160,000 after purchasing an additional 1,213 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Godaddy by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after acquiring an additional 397 shares in the last quarter. Comerica Bank bought a new position in shares of Godaddy in the 3rd quarter worth $267,000. Janus Henderson Group PLC bought a new position in shares of Godaddy in the 3rd quarter worth $278,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Godaddy in the 3rd quarter worth $350,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Godaddy Inc (GDDY) opened at $55.78 on Friday. Godaddy Inc has a one year low of $35.72 and a one year high of $56.20. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $9,281.01, a price-to-earnings ratio of 214.55, a P/E/G ratio of 5.83 and a beta of 0.72.

Several research analysts have recently commented on GDDY shares. TheStreet raised Godaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. B. Riley reissued a “buy” rating and issued a $53.00 price target on shares of Godaddy in a research report on Tuesday, December 5th. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Godaddy in a research report on Wednesday, November 22nd. Oppenheimer reissued a “buy” rating on shares of Godaddy in a research report on Monday, November 20th. Finally, Jefferies Group boosted their price target on Godaddy from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $52.86.

In related news, CEO Blake Irving sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $48.15, for a total transaction of $2,407,500.00. Following the transaction, the chief executive officer now directly owns 53,106 shares in the company, valued at approximately $2,557,053.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Barbara J. Rechterman sold 39,314 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $47.09, for a total value of $1,851,296.26. Following the transaction, the insider now owns 28,613 shares in the company, valued at $1,347,386.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,828,121 shares of company stock worth $371,058,393. 22.68% of the stock is owned by company insiders.

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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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