Vinva Investment Management Ltd Has $15.33 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Vinva Investment Management Ltd decreased its position in GoDaddy Inc. (NYSE:GDDY - Free Report) by 37.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,876 shares of the technology company's stock after selling 46,858 shares during the quarter. Vinva Investment Management Ltd owned 0.05% of GoDaddy worth $15,333,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in GoDaddy in the fourth quarter worth $25,554,000. CWA Asset Management Group LLC lifted its position in shares of GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company's stock worth $3,172,000 after buying an additional 3,631 shares during the last quarter. Dai ichi Life Insurance Company Ltd boosted its holdings in shares of GoDaddy by 39.6% in the 3rd 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 period. Fiduciary Alliance LLC acquired a new stake in GoDaddy during the fourth quarter worth about $1,045,000. Finally, Mount Yale Investment Advisors LLC lifted 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 during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other GoDaddy news, Director Brian Sharples sold 500 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 $99,505.00. Following the completion of the transaction, the director now directly owns 23,121 shares in the company, valued at $4,601,310.21. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $174.21, for a total transaction of $174,210.00. Following the completion of the transaction, the chief operating officer now directly owns 257,949 shares in the company, valued at approximately $44,937,295.29. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,480 shares of company stock worth $3,816,029. 0.61% of the stock is owned by insiders.

Remove Ads

GoDaddy Price Performance

Shares of GDDY stock traded down $0.20 during mid-day trading on Friday, hitting $180.49. 3,085,676 shares of the stock traded hands, compared to its average volume of 1,342,685. 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 firm has a market cap of $25.51 billion, a price-to-earnings ratio of 27.98 and a beta of 1.25. The company's 50-day simple moving average is $191.37 and its 200-day simple moving average is $183.14. GoDaddy Inc. has a twelve month low of $118.39 and a twelve month high of $216.00.

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 the consensus estimate 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, equities research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on GDDY. JPMorgan Chase & Co. upped their target price on GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Raymond James increased their target price on GoDaddy from $185.00 to $230.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 21st. StockNews.com cut GoDaddy from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Morgan Stanley upped their price target on shares of GoDaddy from $227.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, Citigroup lifted their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Seven 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $213.20.

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.