Sivia Capital Partners LLC Buys 6,461 Shares of GoDaddy Inc. $GDDY

Sivia Capital Partners LLC grew its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 334.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,391 shares of the technology company’s stock after buying an additional 6,461 shares during the period. Sivia Capital Partners LLC’s holdings in GoDaddy were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC bought a new stake in GoDaddy in the fourth quarter worth $25,000. Activest Wealth Management boosted its stake in GoDaddy by 6,600.0% during the fourth quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock worth $25,000 after buying an additional 198 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in GoDaddy during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. boosted its stake in GoDaddy by 145.6% during the third quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company’s stock worth $35,000 after buying an additional 150 shares during the period. Finally, Harbour Investments Inc. boosted its stake in GoDaddy by 191.0% during the fourth quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock worth $32,000 after buying an additional 170 shares during the period. Institutional investors own 90.28% of the company’s stock.

Insider Activity

In other news, Director Sigal Zarmi sold 350 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $87.84, for a total transaction of $30,744.00. Following the transaction, the director owned 5,708 shares in the company, valued at $501,390.72. This represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Phontip Palitwanon sold 1,310 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $90.15, for a total transaction of $118,096.50. Following the transaction, the chief accounting officer owned 20,349 shares in the company, valued at approximately $1,834,462.35. This trade represents a 6.05% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,688 shares of company stock worth $151,337. Corporate insiders own 0.93% of the company’s stock.

GoDaddy Stock Performance

GDDY opened at $84.11 on Thursday. GoDaddy Inc. has a 52-week low of $73.06 and a 52-week high of $183.34. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 15.86. The company has a market cap of $11.14 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.80 and a beta of 0.90. The firm’s 50-day moving average price is $85.54 and its 200-day moving average price is $100.02.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.07. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that GoDaddy Inc. will post 7.17 EPS for the current fiscal year.

Analysts Set New Price Targets

GDDY has been the subject of a number of research reports. Citigroup lowered their price objective on shares of GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Jefferies Financial Group reduced their target price on shares of GoDaddy from $140.00 to $100.00 and set a “hold” rating for the company in a report on Monday, February 23rd. Royal Bank Of Canada reduced their target price on shares of GoDaddy from $200.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. UBS Group assumed coverage on shares of GoDaddy in a report on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 target price for the company. Finally, Evercore set a $95.00 target price on shares of GoDaddy in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and an average price target of $120.57.

About GoDaddy

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.