The most recent filing that the State of New Jersey Common Pension Fund D made with the Securities and Exchange Commission revealed that during the third quarter, the fund reduced its holdings in GoDaddy Inc. (NYSE: GDDY) by 5.8%. As a result, the institutional investor was left with 90,009 shares after selling 5,507 shares of the technology company’s stock throughout the time. At the end of the most recent fiscal quarter, the State of New Jersey Common Pension Fund D held approximately 0.06% of GoDaddy, which had a value of $6,380,000.
Over the past few months, several other hedge funds have shifted the percentage of their overall assets invested in GDDY. During the first quarter, Vanguard Group Inc. increased its GoDaddy stock by 0.7%, bringing the total to 100%. Since the beginning of the most recent quarter, Vanguard Group Inc. has made additional purchases totaling 107,949 shares of the stock of the technology company. This brings the total number of shares owned by Vanguard Group Inc. to 16,202,298 and increases the value of those shares to $1,356,131,000. During the first three months of the year, Capital International Investors increased the proportion of GoDaddy stock owned by 0.9%. Capital International Investors now holds 15,180,010 shares that the technology company issued. This is a result of the company acquiring 137,885 additional shares during the most recent fiscal quarter. There is a total value of $1,270,920,000 associated with these holdings. During the second quarter, Starboard Value LP achieved a 1.5% increase in the proportion of GoDaddy stock it owned. Over the most recent fiscal quarter, a total of 126,388 additional shares were added to Starboard Value LP’s holdings in the technology above company. As a direct consequence of this expansion, the company now holds a total of 8,376,808 shares of the company’s stock, which has a market value of $582,691,000. During the first three months of 2018, State Street Corporation completed a 2.3% increase in the GoDaddy stock it owned. State Street Corp. has 3,941,457 shares of the technology company’s stock, which are now valued at $329,900,000 following the purchase of an additional 90,041 shares during the preceding quarter. This brings State Street Corp.’s total number of shares to 3,941,441. Brahman Capital Corporation did not want to be outdone, so during the second quarter of the fiscal year, they increased their ownership in GoDaddy by 17.6%. After purchasing an additional 359,601 shares during the most recent quarter, Brahman Capital Corp. now owns a total of 2,399,672 shares of the technology company’s stock, which have a value of $166,921,000. This brings the total number of shares the company has owned to 2,399,672. Institutional investors and hedge funds hold 97.32% of the total number of shares in the company, making up the majority of the shareholders.
On Friday, the price of a share of GDDY was $75.56 when trading got underway for the day. GoDaddy, Inc. hit a low point of $64.65 over the past year of operations, while the company reached a 52-week high of $88.32. The company possesses a PE ratio of 35.64, a PEG ratio of 1.77, and a beta coefficient of 0.93, all of which contribute to its market capitalization of $11.74 billion. The current values of the moving averages for the company over the past 50 days and the last 200 days are $74.36 and $74.93, respectively.
On Thursday, November 3, the outcomes of GoDaddy’s most recent fiscal quarter were publicized. The company’s stock is traded on the New York Stock Exchange under GDDY. The technology company’s earnings per share (EPS) for the quarter came in at $0.63, which was $0.05 more than the $0.58 predictions that were the average among industry experts. The ret