Mizuho Securities USA LLC Buys 4,165 Shares of GoDaddy Inc. (NYSE:GDDY)

Mizuho Securities USA LLC lifted its stake in shares of GoDaddy Inc. (NYSE:GDDY - Free Report) by 45.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,306 shares of the technology company's stock after purchasing an additional 4,165 shares during the quarter. Mizuho Securities USA LLC's holdings in GoDaddy were worth $2,626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GDDY. Anchor Investment Management LLC acquired a new stake in shares of GoDaddy in the third quarter valued at approximately $31,000. Versant Capital Management Inc purchased a new stake in shares of GoDaddy during the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. raised its position in shares of 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 purchasing an additional 165 shares in the last quarter. Friedenthal Financial acquired a new position in GoDaddy in the fourth quarter worth about $49,000. Finally, OFI Invest Asset Management acquired a new stake in GoDaddy during the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

Insider Buying and Selling

In other GoDaddy news, Director Brian Sharples sold 500 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the transaction, the director now directly owns 23,121 shares of the company's stock, valued at approximately $4,601,310.21. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Friday, March 14th. The shares were sold at an average price of $174.21, for a total value of $174,210.00. Following the transaction, the chief operating officer now owns 257,949 shares of the company's stock, valued at $44,937,295.29. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock worth $3,816,029 in the last quarter. 0.61% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

GDDY has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Wells Fargo & Company began coverage on GoDaddy in a report on Monday, February 3rd. They set an "equal weight" rating and a $198.00 target price on the stock. Jefferies Financial Group upped their price target on GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 price target (up previously from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Finally, Morgan Stanley upped their price objective on shares of GoDaddy from $227.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Seven 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $213.20.

GoDaddy Stock Performance

NYSE:GDDY traded down $3.89 during trading hours on Friday, reaching $178.89. The stock had a trading volume of 1,270,179 shares, compared to its average volume of 1,425,828. The stock has a market cap of $25.29 billion, a P/E ratio of 27.73 and a beta of 1.25. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The stock has a 50 day simple moving average of $190.24 and a 200 day simple moving average of $183.76. GoDaddy Inc. has a 12-month low of $118.39 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its 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). The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. 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.