UniSuper Management Pty Ltd Sells 3,800 Shares of GoDaddy Inc. (NYSE:GDDY)

UniSuper Management Pty Ltd cut its holdings in GoDaddy Inc. (NYSE:GDDY) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,414 shares of the technology company’s stock after selling 3,800 shares during the period. UniSuper Management Pty Ltd’s holdings in GoDaddy were worth $6,200,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GDDY. Anchor Investment Management LLC bought a new stake in shares of GoDaddy in the 3rd quarter valued at about $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. boosted its stake in shares of GoDaddy by 311.3% during the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 165 shares during the period. Friedenthal Financial bought a new position in shares of GoDaddy in the fourth quarter worth approximately $49,000. Finally, OFI Invest Asset Management purchased a new position in shares of GoDaddy in the fourth quarter worth $52,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GDDY shares. Wells Fargo & Company started coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price target on the stock. Benchmark boosted their price target on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Citigroup increased their price objective on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. upped their target price on GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group lifted their price target on shares of GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and a consensus price target of $213.20.

Insider Transactions at GoDaddy

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $597,030.00. Following the completion of the transaction, the chief executive officer now owns 333,153 shares of the company’s stock, 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 can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $174.21, for a total transaction of $174,210.00. Following the transaction, the chief operating officer now owns 257,949 shares in the company, valued at $44,937,295.29. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,480 shares of company stock worth $3,816,029. Corporate insiders own 0.61% of the company’s stock.

GoDaddy Stock Down 0.0 %

GDDY stock opened at $183.02 on Friday. The business has a 50 day moving average of $190.24 and a 200 day moving average of $183.76. The firm has a market cap of $25.87 billion, a PE ratio of 28.38 and a beta of 1.25. GoDaddy Inc. has a twelve month low of $118.39 and a twelve month high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. On average, 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.