Herbalife (HLF) Twists The Knife A Little More in Ackman, While Godaddy (GDDY), Tripadvisor (TRIP), and 2 Others Report Earnings

The markets appear to be strong this morning after the Bank of England announced an interest rate cut and aggressive stimulus measures to prop up the British economy after its late-June Brexit.

Meanwhile, some important stocks are grabbing investors’ attention today, including Godaddy Inc (NYSE:GDDY), Tripadvisor Inc (NASDAQ:TRIP), Herbalife Ltd. (NYSE:HLF), Oasis Petroleum Inc. (NYSE:OAS), and Metlife Inc (NYSE:MET). Let’s find out why these stocks are in the spotlight today and see what the collection of smart money investors tracked by Insider Monkey think of them.

At Insider Monkey, we track more than 765 hedge funds, whose 13F filings we analyze as part of our small-cap strategy. Our research has shown that imitating a portfolio that includes the 15 most popular small-cap stocks among hedge funds can outperform the market by as much as 95 basis points per month on average (see more details here).

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Godaddy Beats Revenue Estimates, Gets New CFO and COO

Investors are buzzing about Godaddy Inc (NYSE:GDDY), which is 8% in the green this morning after the company posted its second quarter results yesterday after the market close. The web hosting company’s customers surged by 7.9% to 14.3 million by the end of the quarter, while revenue shot up by 16% to $456.2 million, above analysts’ projection of $450.51 million. The company reported a net loss of $8.9 million, or $0.11 per share for the quarter, better than last year’s second quarter loss of $29.8 million, but missing the expected $0.07 per share loss. For the full year, Godaddy expects revenue in the range of $1.840 billion-to-1.847 billion, while the consensus is calling for $1.840 billion. The company also announced the appointment of Ray Winborne as its new CFO, while Scott Wagner has been promoted to the roles of President and Chief Operating Officer. A total of 22 hedge funds in our database were long Godaddy Inc (NYSE:GDDY) at the end of the first quarter. Jim Davidson, Dave Roux and Glenn Hutchins’ Silver Lake Partners owns more than 36.73 million shares of the company as of March 31.

Tripadvisor Misses Estimates

Tripadvisor Inc (NASDAQ:TRIP) is heading in the opposite direction of Godaddy, being 8% in the red after it posted second quarter EPS of $0.38, beneath analysts’ consensus estimate of $0.42, while revenue of $391 million was also well below the projections of $402.56 million. The Massachusetts-based online travel services company is facing tough competition from rivals like Kayak and Airbnb. In a statement, Tripadvisor’s Steve Kaufer reassured investors that the company is on the right track as it focuses on the “long game” by investing in advertising, marketing and mobile. 40 hedge funds tracked by Insider Monkey were shareholders of Tripadvisor Inc (NASDAQ:TRIP) at the end of the first quarter, up from 32 funds a quarter earlier.

On the next page we’ll run through the latest results out of Herbalife, Oasis Petroleum, and Metlife.