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Is GoDaddy (GDDY) still a good investment option?
Investment management firm Canterbury Tollgate has released its letter to investors for the third quarter of 2021, a copy of which can be downloaded here. Like the rest of the market, the fund ended the third quarter on a rough streak. CTG Fluxion, LP ended Q3 2021 down -2.72% for the quarter and up 8.83% year over year.
You can check out the fund's top 5 positions for the fund's top picks for 2021. This was reported by Canterbury Tollgate, in its Q3 2021 letter to investors. (NYSE: GDDY) commented on its position in the company. GoDaddy Inc. is a Tempe, Arizona-based web hosting company with a $12 billion market cap. GDDY has retreated -12.54% year-to-date, while the 12-month performance is -15.48%. The stock closed at $72.55 a share on Dec. 13, 2021.
Based on our calculations, GoDaddy Inc. (NYSE: GDDY) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. GDDY was in 37 hedge fund portfolios at the end of the third quarter of 2021, compared to 39 funds in the previous quarter. GoDaddy Inc. (NYSE: GDDY) delivered a -2.24% return in the past 3 months.
Last month, we published an article about GDDY landing in the Top 3 Stocks to Buy According to Alexis Fortune’s Blacksheep Fund Management. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.