GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in GoDaddy Inc. (NYSE:GDDY) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,100 shares of the technology company’s stock after acquiring an additional 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in GoDaddy were worth $6,928,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quent Capital LLC boosted its stake in GoDaddy by 4.4% during the 4th quarter. Quent Capital LLC now owns 1,259 shares of the technology company’s stock worth $248,000 after purchasing an additional 53 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company’s stock worth $296,000 after purchasing an additional 73 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in GoDaddy by 13.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 742 shares of the technology company’s stock worth $146,000 after purchasing an additional 88 shares during the last quarter. Global Retirement Partners LLC boosted its stake in GoDaddy by 31.1% during the 4th quarter. Global Retirement Partners LLC now owns 392 shares of the technology company’s stock worth $77,000 after purchasing an additional 93 shares during the last quarter. Finally, Avestar Capital LLC boosted its stake in GoDaddy by 4.5% during the 4th quarter. Avestar Capital LLC now owns 2,206 shares of the technology company’s stock worth $435,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insiders Place Their Bets

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $194.28, for a total transaction of $194,280.00. Following the sale, the chief operating officer now directly owns 182,632 shares in the company, valued at $35,481,744.96. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $197.77, for a total value of $593,310.00. Following the transaction, the chief executive officer now directly owns 342,956 shares of the company’s stock, valued at approximately $67,826,408.12. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,482 shares of company stock worth $4,903,930 over the last three months. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GDDY. Morgan Stanley lifted their target price on shares of GoDaddy from $227.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Benchmark boosted their price target on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on shares of GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Raymond James boosted their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Robert W. Baird boosted their price target on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Seven investment 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $213.20.

GoDaddy Stock Down 1.6 %

Shares of GDDY opened at $173.82 on Friday. The firm has a market cap of $24.40 billion, a P/E 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 company’s 50-day moving average price is $201.36 and its 200 day moving average price is $181.13. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last issued 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). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, sell-side analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.

GoDaddy 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.