5,345 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,345 shares of the technology company's stock, valued at approximately $1,055,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC boosted its stake in GoDaddy by 7,083.4% in the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock valued at $678,941,000 after acquiring an additional 3,356,678 shares during the last quarter. Congress Asset Management Co. bought a new position in GoDaddy during the fourth quarter worth about $111,923,000. Amundi grew its position in shares of GoDaddy by 84.4% during the 4th quarter. Amundi now owns 931,874 shares of the technology company's stock worth $183,710,000 after buying an additional 426,501 shares during the period. AustralianSuper Pty Ltd increased its stake in shares of GoDaddy by 3,836.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 358,465 shares of the technology company's stock valued at $70,750,000 after acquiring an additional 349,358 shares during the last quarter. Finally, FMR LLC raised its position in shares of GoDaddy by 19.8% in the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company's stock valued at $260,299,000 after acquiring an additional 274,014 shares during the period. Institutional investors and hedge funds own 90.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on GDDY shares. B. Riley upped their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Barclays raised their price target on GoDaddy from $235.00 to $243.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Wells Fargo & Company started coverage on GoDaddy in a research note on Monday, February 3rd. They set an "equal weight" rating and a $198.00 target price for the company. Benchmark raised their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their price target on GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, GoDaddy currently has an average rating of "Moderate Buy" and a consensus price target of $213.20.

Remove Ads

Insiders Place Their Bets

In related news, Director Brian Sharples sold 500 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the completion of the sale, the director now owns 23,121 shares in the company, valued at approximately $4,601,310.21. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $174.21, for a total value of $174,210.00. Following the completion of the sale, the chief operating officer now directly owns 257,949 shares of the company's stock, valued at $44,937,295.29. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,480 shares of company stock worth $3,816,029. 0.61% of the stock is currently owned by insiders.

GoDaddy Price Performance

Shares of NYSE GDDY traded down $0.08 during midday trading on Thursday, reaching $183.02. 887,478 shares of the company were exchanged, compared to its average volume of 1,345,497. The stock's 50-day moving average price is $190.59 and its 200-day moving average price is $183.77. GoDaddy Inc. has a one year low of $118.39 and a one year 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. The stock has a market cap of $25.87 billion, a P/E ratio of 28.38 and a beta of 1.25.

GoDaddy (NYSE:GDDY - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, sell-side analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share 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.