Dynamic Technology Lab Private Ltd Takes $1.09 Million Position in GoDaddy Inc. (NYSE:GDDY)

Dynamic Technology Lab Private Ltd bought a new position in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,530 shares of the technology company's stock, valued at approximately $1,091,000.

Several other large investors have also recently bought and sold shares of the stock. Hel Ved Capital Management Ltd bought a new position in shares of GoDaddy during the fourth quarter worth approximately $2,072,000. Resona Asset Management Co. Ltd. bought a new position in GoDaddy during the 4th quarter worth $12,452,000. Riverwater Partners LLC acquired a new stake in shares of GoDaddy during the fourth quarter worth $225,000. Thoroughbred Financial Services LLC boosted its position in shares of GoDaddy by 39.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 6,737 shares of the technology company's stock valued at $1,329,000 after acquiring an additional 1,918 shares during the period. Finally, Pitcairn Co. raised its stake in GoDaddy by 8.3% in the 4th quarter. Pitcairn Co. now owns 15,911 shares of the technology company's stock worth $3,140,000 after purchasing an additional 1,222 shares in the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Stock Up 0.6 %

GoDaddy stock traded up $0.95 during midday trading on Friday, reaching $169.95. The stock had a trading volume of 609,318 shares, compared to its average volume of 1,448,381. The company has a fifty day moving average price of $181.63 and a two-hundred day moving average price of $185.24. The company has a market capitalization of $24.02 billion, a P/E ratio of 26.40 and a beta of 1.19. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. GoDaddy Inc. has a 12 month low of $119.76 and a 12 month high of $216.00.

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GoDaddy (NYSE:GDDY - Get Free Report) 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). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. As a group, equities analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total transaction of $200,570.00. Following the completion of the transaction, the chief operating officer now directly owns 183,632 shares of the company's stock, valued at approximately $36,831,070.24. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $623,100.00. Following the completion of the sale, the chief executive officer now owns 330,153 shares in the company, valued at approximately $68,572,778.10. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock worth $3,546,970 over the last three months. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GDDY shares. Benchmark lifted their price target on shares of GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Barclays raised their target price on shares of GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a report on Friday, February 14th. B. Riley upped their price target on shares of GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Piper Sandler upped their target price on GoDaddy from $176.00 to $177.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.20.

GoDaddy 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.