Swiss National Bank Sells 20,100 Shares of GoDaddy Inc. (NYSE:GDDY)

Swiss National Bank trimmed its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 398,200 shares of the technology company's stock after selling 20,100 shares during the period. Swiss National Bank owned about 0.28% of GoDaddy worth $78,593,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in GoDaddy during the 3rd quarter worth about $27,000. Anchor Investment Management LLC bought a new stake in shares of GoDaddy during the third quarter worth approximately $31,000. Versant Capital Management Inc acquired a new position in GoDaddy in the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. boosted its stake in GoDaddy by 311.3% in 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 during the last quarter. Finally, Huntington National Bank grew its holdings in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after acquiring an additional 230 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on GDDY. Raymond James raised their price target on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 21st. Citigroup raised their target price on GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Piper Sandler increased their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Robert W. Baird boosted their price objective on shares of GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Seven equities research 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $213.20.

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Insider Transactions at GoDaddy

In other news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $99,505.00. Following the completion of the transaction, the director now owns 23,121 shares of the company's stock, valued at $4,601,310.21. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Friday, March 14th. The stock was 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 a total of 19,480 shares of company stock worth $3,816,029 in the last three months. Insiders own 0.61% of the company's stock.

GoDaddy Stock Up 1.8 %

GoDaddy stock traded up $3.29 during midday trading on Wednesday, reaching $181.54. The stock had a trading volume of 1,001,833 shares, compared to its average volume of 1,333,693. The stock has a market capitalization of $25.66 billion, a P/E ratio of 28.15 and a beta of 1.25. The firm's fifty day simple moving average is $192.25 and its 200-day simple moving average is $182.91. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a 1-year low of $118.14 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate 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 6.63 EPS for the current fiscal year.

About GoDaddy

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.