National Pension Service Has $10.87 Million Stock Holdings in GoDaddy Inc. $GDDY

National Pension Service decreased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 69.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,582 shares of the technology company’s stock after selling 201,359 shares during the period. National Pension Service’s holdings in GoDaddy were worth $10,867,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. SBI Okasan Asset Management Co.Ltd. acquired a new position in GoDaddy during the fourth quarter worth $152,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in GoDaddy during the fourth quarter worth $10,384,000. Ilmarinen Mutual Pension Insurance Co raised its holdings in GoDaddy by 55.8% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 62,833 shares of the technology company’s stock worth $7,796,000 after buying an additional 22,500 shares during the last quarter. AlphaQuest LLC raised its holdings in GoDaddy by 172.8% during the fourth quarter. AlphaQuest LLC now owns 30,829 shares of the technology company’s stock worth $3,825,000 after buying an additional 19,527 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings 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 last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Insider Buying and Selling

In related news, CAO Phontip Palitwanon sold 1,310 shares of the firm’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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 34,148 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total transaction of $3,038,830.52. Following the sale, the chief executive officer owned 530,120 shares of the company’s stock, valued at $47,175,378.80. This trade represents a 6.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 61,296 shares of company stock worth $5,446,506. Insiders own 0.93% of the company’s stock.

GoDaddy Stock Performance

NYSE GDDY opened at $85.97 on Monday. GoDaddy Inc. has a 1 year low of $73.06 and a 1 year high of $183.34. The company has a debt-to-equity ratio of 15.86, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.77 and a beta of 0.90. The company has a fifty day moving average price of $85.28 and a 200-day moving average price of $100.93.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business posted $1.51 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts predict that GoDaddy Inc. will post 7.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on GDDY. Barclays lowered their price objective on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Wells Fargo & Company upped their target price on shares of GoDaddy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. UBS Group initiated coverage on shares of GoDaddy in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 target price for the company. Piper Sandler initiated coverage on shares of GoDaddy in a research note on Thursday, March 12th. They issued a “neutral” rating and a $93.00 target price for the company. Finally, Evercore set a $95.00 target price on shares of GoDaddy in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, GoDaddy presently has an average rating of “Moderate Buy” and a consensus price target of $120.57.

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.