New York State Common Retirement Fund Sells 43,771 Shares of GoDaddy Inc. (NYSE:GDDY)

New York State Common Retirement Fund lessened its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,443 shares of the technology company's stock after selling 43,771 shares during the period. New York State Common Retirement Fund owned about 0.13% of GoDaddy worth $37,390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in GoDaddy during the 3rd quarter valued at about $27,000. Anchor Investment Management LLC acquired a new stake in shares of GoDaddy during the third quarter worth approximately $31,000. Versant Capital Management Inc purchased a new position in GoDaddy during the fourth quarter valued at approximately $43,000. Huntington National Bank increased its stake in GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock valued at $48,000 after buying an additional 230 shares during the period. Finally, Friedenthal Financial purchased a new stake in GoDaddy in the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.28% of the company's stock.

Analyst Ratings Changes

GDDY has been the topic of several research analyst reports. StockNews.com cut shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Benchmark lifted their price objective on GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. UBS Group upped their target price on GoDaddy from $172.00 to $225.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Citigroup lifted their price target on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, Morgan Stanley boosted their price target on GoDaddy from $227.00 to $228.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $213.20.

GoDaddy Stock Performance

GDDY stock traded down $2.75 on Friday, reaching $173.82. 1,477,403 shares of the company were exchanged, compared to its average volume of 1,434,149. The firm has a market capitalization of $24.40 billion, a PE ratio of 26.95 and a beta of 1.15. GoDaddy Inc. has a 12 month low of $108.38 and a 12 month high of $216.00. The stock's fifty day moving average price is $201.36 and its 200 day moving average price is $180.93. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data 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). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. On average, research analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In related news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $197.77, for a total transaction of $98,885.00. Following the completion of the transaction, the director now directly owns 23,621 shares of the company's stock, valued at $4,671,525.17. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 480 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $201.29, for a total transaction of $96,619.20. Following the sale, the chief financial officer now directly owns 83,254 shares in the company, valued at $16,758,197.66. This represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,482 shares of company stock valued at $4,903,930. 0.61% of the stock is owned by corporate insiders.

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.