Godaddy Inc (NYSE:GDDY).
Brookside Capital Management LLC lowered its ownership in Godaddy Inc stock by 11.0% in its quarterly SEC filing. Its stake was worth $65,003,000 a decrease of $6,213,000 as of quarter end.
Brookside Capital Management LLC isn’t the only one who has changed their investment in GDDY. Ubs Asset Management Americas Inc added to its position by buying 1,319 shares an increase of 4,396.7% as of 09/30/2017. Ubs Asset Management Americas Inc claims 1,349 shares valued at $58,695,000. The value of the position overall is up by 4,510.8%. As of the end of the quarter Brookside Capital Management LLC had disposed of 184,859 shares trimming its holdings by 11.0%. The value of the investment in (GDDY) decreased from $71,216,000 to $65,003,000 a change of $6,213,000 quarter to quarter.
As of quarter end Brookside Capital Management LLC had sold a total of 184,859 shares trimming its stake by 11.0%. The value in dollars went from $71,216,000 to $65,003,000 decreasing 8.7% for the reporting period. As of the end of the quarter Raymond James & Associates had acquired a total of 18,866 shares growing its position 321.7%. The value of the company’s investment in Godaddy Inc increased from $249,000 to $1,076,000 a change of 332.1% since the last quarter.
Marshall Wace LLP downsized its holdings by selling 6,646 shares a decrease of 15.2% from 06/30/2017 to 09/30/2017. Marshall Wace LLP now holds 37,063 shares with a value of $1,631,000. The total value of its holdings decreased 11.2%.
On November 7 B. Riley kept the stock rating at “Buy” targeting a price of $53.00. Royal Bank Of Canada raised the price target of the stock on November 7 boosting the projection from $47.00 to $53.00 with a “Outperform” recommendation.
November 7 investment analysts at Oppenheimer Holdings held the company rating at “Buy” with a current price target of $53.00. Equity analyst Stifel Nicolaus raised the price target on November 7 changing the price objective from $41.00 to $44.00 and issued a “Hold” rating.
Equity analyst Jefferies Group LLC raised the price target on November 7 changing the forecast from $55.00 to $58.00 with a rating of “Buy”. On October 26 B. Riley kept the company rating at “Buy” projecting a price of $53.00.
The company is so far trading down by 0.31% since yesterday’s close of 48.65. The company’s P/E ratio is 379.80 and the market cap is 8.09B. As of the latest earnings report the EPS was $0.13 with 166.73M shares currently outstanding.
Investors are a little more bullish on the company lately if you evaluate the change in short interest. The firm recorded a fall in short interest between October 13, 2017 and October 31, 2017 of -3.37%. Short shares fell 240,085 over that period. With short interest at 6,894,303 and short average daily volume at 1,225,790, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.04% on October 31.