Fox Run Management L.L.C. Makes New Investment in GoDaddy Inc. (NYSE:GDDY)

Fox Run Management L.L.C. purchased a new stake in GoDaddy Inc. (NYSE:GDDY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,345 shares of the technology company’s stock, valued at approximately $1,055,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Natixis Advisors LLC increased its stake in shares of GoDaddy by 42.8% in the 3rd quarter. Natixis Advisors LLC now owns 30,409 shares of the technology company’s stock worth $4,768,000 after acquiring an additional 9,115 shares during the last quarter. Prospera Financial Services Inc purchased a new position in GoDaddy during the third quarter worth about $807,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in GoDaddy in the 3rd quarter valued at approximately $472,000. PNC Financial Services Group Inc. grew its stake in shares of GoDaddy by 18.6% in the third quarter. PNC Financial Services Group Inc. now owns 6,285 shares of the technology company’s stock valued at $985,000 after buying an additional 986 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in GoDaddy in the 3rd quarter valued at about $7,166,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Buying and Selling

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of the company’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 $1,094,555.00. Following the sale, the chief financial officer now owns 84,300 shares of the company’s stock, valued at $16,776,543. This represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total transaction of $200,570.00. Following the completion of the sale, the chief operating officer now owns 183,632 shares in the company, valued at $36,831,070.24. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,480 shares of company stock worth $3,816,029 in the last quarter. Company insiders own 0.61% of the company’s stock.

GoDaddy Price Performance

GoDaddy stock opened at $180.49 on Friday. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. GoDaddy Inc. has a one year low of $118.39 and a one year high of $216.00. The company has a market cap of $25.51 billion, a P/E ratio of 27.98 and a beta of 1.25. The business has a fifty day moving average of $191.37 and a two-hundred day moving average of $183.14.

GoDaddy (NYSE:GDDY) last issued 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). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. As a group, analysts predict that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GDDY has been the subject of several recent research reports. B. Riley lifted their price objective on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Raymond James upped their price objective on shares of GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Benchmark lifted their target price on shares of GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company assumed coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 target price for the company. Finally, Piper Sandler raised their price target on GoDaddy from $176.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

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.