Grantham Mayo Van Otterloo & Co. LLC Acquires Shares of 6,091 GoDaddy Inc. (NYSE:GDDY)

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,091 shares of the technology company's stock, valued at approximately $1,202,000.

Other hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in GoDaddy during the third quarter valued at $31,000. Versant Capital Management Inc bought a new stake in GoDaddy during the 4th quarter valued at about $43,000. Rakuten Securities Inc. increased its position 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 acquiring an additional 165 shares in the last quarter. Friedenthal Financial purchased a new position in GoDaddy in the 4th quarter worth approximately $49,000. Finally, OFI Invest Asset Management purchased a new stake in GoDaddy during the 4th quarter valued at $52,000. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Price Performance

GoDaddy stock traded up $3.06 during mid-day trading on Friday, hitting $172.06. The stock had a trading volume of 2,360,607 shares, compared to its average volume of 1,457,891. GoDaddy Inc. has a one year low of $119.76 and a one year high of $216.00. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The firm has a market capitalization of $24.32 billion, a P/E ratio of 26.68 and a beta of 1.19. The firm's 50 day moving average is $180.85 and its 200 day moving average is $185.53.

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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 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. On average, sell-side analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on GDDY. StockNews.com cut GoDaddy from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Wells Fargo & Company started coverage on shares of GoDaddy in a research note on Monday, February 3rd. They issued an "equal weight" rating and a $198.00 price target for the company. Raymond James raised their target price on shares of GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 21st. UBS Group boosted their target price on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, GoDaddy presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.20.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total value of $103,850.00. Following the sale, the director now owns 22,621 shares of the company's stock, valued at $4,698,381.70. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total value of $200,570.00. Following the transaction, the chief operating officer now owns 183,632 shares of the company's stock, valued at $36,831,070.24. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $3,546,970 in the last 90 days. Insiders own 0.61% of the company's stock.

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.