Elo Mutual Pension Insurance Co Buys 2,009 Shares of GoDaddy Inc. (NYSE:GDDY)

Elo Mutual Pension Insurance Co lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,528 shares of the technology company’s stock after buying an additional 2,009 shares during the period. Elo Mutual Pension Insurance Co’s holdings in GoDaddy were worth $2,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in GoDaddy during the third quarter valued at $31,000. Versant Capital Management Inc bought a new stake in shares of GoDaddy during the fourth quarter worth about $43,000. Rakuten Securities Inc. raised its position in GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after buying an additional 165 shares during the last quarter. Friedenthal Financial bought a new position in shares of GoDaddy during the 4th quarter worth approximately $49,000. Finally, OFI Invest Asset Management bought a new position in GoDaddy during the fourth quarter valued at about $52,000. Institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. B. Riley lifted their target price on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Piper Sandler upped their price objective on shares of GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company initiated coverage on GoDaddy in a research report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, UBS Group increased their target price on GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GoDaddy has an average rating of “Moderate Buy” and an average price target of $213.20.

Insider Transactions at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $597,030.00. Following the sale, the chief executive officer now directly owns 333,153 shares in the company, valued at approximately $66,300,778.53. The trade was a 0.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total value of $200,570.00. Following the completion of the sale, the chief operating officer now directly owns 183,632 shares in the company, valued at approximately $36,831,070.24. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,480 shares of company stock valued at $3,816,029 over the last ninety days. Insiders own 0.61% of the company’s stock.

GoDaddy Stock Down 2.1 %

GoDaddy stock opened at $178.89 on Friday. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of 27.73 and a beta of 1.25. The business has a fifty day moving average price of $189.80 and a 200-day moving average price of $183.94. GoDaddy Inc. has a 1-year low of $118.39 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. Equities research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

GoDaddy Company Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.