AustralianSuper Pty Ltd Has $70.75 Million Stock Position in GoDaddy Inc. (NYSE:GDDY)

AustralianSuper Pty Ltd increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 3,836.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,465 shares of the technology company's stock after buying an additional 349,358 shares during the period. AustralianSuper Pty Ltd owned 0.26% of GoDaddy worth $70,750,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of GoDaddy during the 3rd quarter valued at $27,000. Anchor Investment Management LLC bought a new stake in GoDaddy in the third quarter valued at about $31,000. Versant Capital Management Inc bought a new stake in GoDaddy in the fourth quarter valued at about $43,000. Friedenthal Financial acquired a new position in GoDaddy in the fourth quarter valued at about $49,000. Finally, Huntington National Bank boosted its holdings in GoDaddy by 298.7% during the third quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after buying an additional 230 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on GDDY shares. Wells Fargo & Company assumed coverage on shares of GoDaddy in a research report on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target on the stock. Citigroup boosted their price target on shares of GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Robert W. Baird raised their price objective on GoDaddy from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. UBS Group boosted their target price on GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Finally, Morgan Stanley increased their price target on GoDaddy from $227.00 to $228.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $213.20.

GoDaddy Stock Down 2.6 %

NYSE:GDDY traded down $4.63 on Wednesday, hitting $176.45. 2,171,474 shares of the company's stock were exchanged, compared to its average volume of 1,324,028. The firm has a 50-day moving average price of $202.67 and a 200-day moving average price of $180.77. GoDaddy Inc. has a 52 week low of $108.02 and a 52 week high of $216.00. 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 company has a market cap of $24.77 billion, a P/E ratio of 27.36 and a beta of 1.15.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. As a group, analysts expect that GoDaddy Inc. will post 6.69 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the transaction, the director now directly owns 22,621 shares of the company's stock, valued at $4,698,381.70. The trade was a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $197.77, for a total transaction of $593,310.00. Following the completion of the transaction, the chief executive officer now directly owns 342,956 shares in the company, valued at $67,826,408.12. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,482 shares of company stock worth $4,903,930 over the last quarter. 0.61% of the stock is currently owned by insiders.

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.