Siemens Fonds Invest GmbH Grows Holdings in GoDaddy Inc. (NYSE:GDDY)

Siemens Fonds Invest GmbH increased its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 1,842.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,159 shares of the technology company’s stock after purchasing an additional 27,658 shares during the period. Siemens Fonds Invest GmbH’s holdings in GoDaddy were worth $5,499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in shares of GoDaddy in the 4th quarter valued at approximately $25,554,000. Mount Yale Investment Advisors LLC lifted its stake in shares of GoDaddy by 205.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after acquiring an additional 3,783 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of GoDaddy by 68.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after acquiring an additional 499 shares in the last quarter. Cottonwood Capital Advisors LLC increased its stake in shares of GoDaddy by 98.2% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 3,405 shares of the technology company’s stock worth $672,000 after acquiring an additional 1,687 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in shares of GoDaddy during the fourth quarter worth about $271,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of GoDaddy from $177.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Raymond James raised their price target on GoDaddy from $185.00 to $230.00 and gave the company a “strong-buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company assumed coverage on GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on GoDaddy from $231.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Finally, B. Riley increased their price target on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and an average price target of $214.86.

GoDaddy Stock Performance

NYSE:GDDY opened at $189.80 on Friday. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The firm has a market cap of $27.04 billion, a PE ratio of 29.43 and a beta of 1.13. The firm has a 50 day simple moving average of $178.11 and a 200-day simple moving average of $188.58. GoDaddy Inc. has a 1-year low of $134.63 and a 1-year high of $216.00.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.08). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $2.76 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that GoDaddy Inc. will post 6.63 EPS for the current year.

Insider Buying and Selling

In related news, Director Brian Sharples sold 500 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $180.66, for a total value of $90,330.00. Following the completion of the transaction, the director now owns 22,121 shares of the company’s stock, valued at approximately $3,996,379.86. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $171.75, for a total value of $171,750.00. Following the transaction, the chief operating officer now owns 256,949 shares of the company’s stock, valued at approximately $44,130,990.75. This trade represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,500 shares of company stock valued at $10,050,555. 0.61% of the stock is currently owned by company insiders.

About GoDaddy

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.