GoDaddy Inc. $GDDY Shares Purchased by National Pension Service

National Pension Service increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,941 shares of the technology company’s stock after purchasing an additional 17,032 shares during the period. National Pension Service owned 0.21% of GoDaddy worth $39,536,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GDDY. Hemington Wealth Management increased its holdings in shares of GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after buying an additional 85 shares during the last quarter. Penserra Capital Management LLC grew its position in GoDaddy by 14.0% in the second quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock worth $134,000 after acquiring an additional 92 shares during the period. NewSquare Capital LLC increased its stake in GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after acquiring an additional 94 shares during the last quarter. Coldstream Capital Management Inc. raised its position in GoDaddy by 5.6% in the second quarter. Coldstream Capital Management Inc. now owns 1,801 shares of the technology company’s stock valued at $324,000 after purchasing an additional 96 shares during the period. Finally, MAI Capital Management lifted its stake in shares of GoDaddy by 9.7% in the 2nd quarter. MAI Capital Management now owns 1,127 shares of the technology company’s stock valued at $203,000 after purchasing an additional 100 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,317 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $424,376.98. Following the completion of the transaction, the chief financial officer owned 66,816 shares in the company, valued at $8,548,439.04. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,932 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total value of $886,880.08. Following the completion of the sale, the chief executive officer owned 399,133 shares in the company, valued at approximately $51,065,076.02. The trade was a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,615 shares of company stock valued at $1,743,102 in the last 90 days. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GDDY. Benchmark reiterated a “buy” rating on shares of GoDaddy in a report on Thursday, December 4th. Evercore ISI dropped their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research report on Friday, October 31st. B. Riley reduced their price target on shares of GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada set a $70.00 price objective on shares of GoDaddy in a research report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.21.

GoDaddy Stock Down 0.4%

Shares of GDDY opened at $100.10 on Tuesday. The company’s 50-day simple moving average is $118.57 and its 200-day simple moving average is $133.54. The company has a debt-to-equity ratio of 41.06, a quick ratio of 0.57 and a current ratio of 0.57. GoDaddy Inc. has a 1 year low of $98.28 and a 1 year high of $214.76. The stock has a market capitalization of $13.53 billion, a PE ratio of 17.29, a P/E/G ratio of 0.91 and a beta of 0.94.

GoDaddy Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.