Teacher Retirement System of Texas Boosts Stake in GoDaddy Inc. (NYSE:GDDY)

Teacher Retirement System of Texas raised its holdings in GoDaddy Inc. (NYSE:GDDY - Free Report) by 73.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 191,275 shares of the technology company's stock after buying an additional 81,145 shares during the quarter. Teacher Retirement System of Texas owned about 0.14% of GoDaddy worth $37,752,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in GoDaddy during the fourth quarter worth about $25,554,000. CWA Asset Management Group LLC increased its position in GoDaddy by 29.2% during the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock valued at $3,172,000 after buying an additional 3,631 shares in the last quarter. Dai ichi Life Insurance Company Ltd raised its stake in GoDaddy by 39.6% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 60,022 shares of the technology company's stock valued at $9,410,000 after buying an additional 17,021 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in GoDaddy in the fourth quarter worth $1,045,000. Finally, Mount Yale Investment Advisors LLC boosted its holdings in GoDaddy by 205.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company's stock worth $1,110,000 after acquiring an additional 3,783 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Stock Performance

Shares of NYSE:GDDY traded up $0.50 during midday trading on Tuesday, hitting $184.00. The company had a trading volume of 1,787,481 shares, compared to its average volume of 1,341,259. GoDaddy Inc. has a 12-month low of $118.39 and a 12-month high of $216.00. The company has a fifty day moving average of $191.17 and a two-hundred day moving average of $183.53. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 28.53 and a beta of 1.25. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56.

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GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 EPS 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 company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.18 billion. On average, equities research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In related news, CFO Mark Mccaffrey sold 5,500 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $1,094,555.00. Following the completion of the transaction, the chief financial officer now owns 84,300 shares of the company's stock, valued at approximately $16,776,543. This represents a 6.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total value of $597,030.00. Following the sale, the chief executive officer now directly owns 333,153 shares in the company, valued at approximately $66,300,778.53. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,480 shares of company stock valued at $3,816,029 over the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GDDY has been the subject of several recent analyst reports. Benchmark lifted their price target on GoDaddy from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group increased their price target on shares of GoDaddy from $170.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Raymond James increased their target price on GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st. StockNews.com cut GoDaddy from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Finally, Barclays increased their price objective on GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.20.

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.