Douglas Lane Cuts GoDaddy Exposure as Stock Sinks From Highs

Douglas Lane & Associates disclosed a sale of 22,113 shares of GoDaddy (NYSE:GDDY), with an estimated transaction value of $3.4 million in the third quarter.According to a filing with the U.S. Securities and Exchange Commission released on Friday, Douglas Lane & Associates sold 22,113 shares of GoDaddy during the third quarter. The estimated transaction value, based on the average closing price for the period, was $3.4 million. After the sale, the fund held 668,472 shares, worth $91.5 million at quarter-end.The sale reduced Douglas Lane's GoDaddy stake to less than 1.3% of the fund's 13F reportable assets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool