1,978 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by MGO One Seven LLC

MGO One Seven LLC purchased a new position in shares of GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,978 shares of the technology company’s stock, valued at approximately $390,000.

A number of other large investors have also recently bought and sold shares of GDDY. WCM Investment Management LLC boosted its stake in GoDaddy by 7,083.4% during the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company’s stock worth $678,941,000 after purchasing an additional 3,356,678 shares during the period. Norges Bank acquired a new stake in GoDaddy during the 4th quarter worth $356,038,000. Canada Pension Plan Investment Board boosted its stake in GoDaddy by 107.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company’s stock worth $273,582,000 after purchasing an additional 719,000 shares during the period. Congress Asset Management Co. acquired a new stake in GoDaddy during the 4th quarter worth $111,923,000. Finally, Amundi lifted its stake in shares of GoDaddy by 84.4% in the 4th quarter. Amundi now owns 931,874 shares of the technology company’s stock worth $183,710,000 after acquiring an additional 426,501 shares during the period. 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 stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $171.75, for a total transaction of $171,750.00. Following the transaction, the chief operating officer now owns 256,949 shares of the company’s stock, valued at $44,130,990.75. This represents a 0.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $989,175.00. Following the transaction, the chief financial officer now directly owns 115,375 shares in the company, valued at approximately $20,750,193.75. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,000 shares of company stock valued at $3,518,150. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. B. Riley raised their target price on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group reduced their target price on shares of GoDaddy from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. raised their target price on shares of GoDaddy from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. UBS Group raised their target price on shares of GoDaddy from $172.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, StockNews.com cut shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $209.60.

GoDaddy Stock Performance

NYSE:GDDY opened at $185.15 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The firm has a 50-day moving average price of $175.53 and a two-hundred day moving average price of $186.88. GoDaddy Inc. has a twelve month low of $120.59 and a twelve month high of $216.00. The company has a market capitalization of $26.17 billion, a P/E ratio of 28.71 and a beta of 1.19.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The business had revenue of $1.19 billion for 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%. As a group, research analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

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.